Equity Residential (NYSE:EQR) Given Consensus Rating of “Hold” by Analysts

Equity Residential (NYSE:EQR) has earned a consensus recommendation of “Hold” from the twenty-three analysts that are currently covering the stock, Marketbeat reports. Thirteen analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $70.65.

Several equities research analysts have recently issued reports on the stock. Wolfe Research upgraded shares of Equity Residential from a “hold” rating to an “outperform” rating in a research report on Monday, June 1st. Bank of America raised shares of Equity Residential from a “neutral” rating to a “buy” rating and set a $76.00 price target on the stock in a research note on Wednesday, May 27th. Morgan Stanley upgraded shares of Equity Residential from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $72.00 to $74.00 in a research report on Thursday, March 26th. JPMorgan Chase & Co. lifted their price objective on shares of Equity Residential from $71.00 to $72.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Finally, Nordea Equity Research upgraded shares of Equity Residential to a “buy” rating in a research report on Wednesday, May 27th.

Equity Residential Trading Up 0.3%

Equity Residential stock opened at $66.39 on Wednesday. The stock has a market cap of $24.87 billion, a P/E ratio of 26.55, a PEG ratio of 5.25 and a beta of 0.75. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.18 and a quick ratio of 0.18. Equity Residential has a 1 year low of $57.57 and a 1 year high of $69.87. The firm’s 50 day moving average price is $64.69 and its 200-day moving average price is $62.75.

Equity Residential (NYSE:EQR) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.09). The company had revenue of $779.85 million for the quarter, compared to the consensus estimate of $781.79 million. Equity Residential had a net margin of 30.63% and a return on equity of 8.57%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.95 EPS. Equity Residential has set its FY 2026 guidance at 4.020-4.140 EPS and its Q2 2026 guidance at 0.980-1.020 EPS. On average, equities analysts predict that Equity Residential will post 4.09 earnings per share for the current fiscal year.

Equity Residential Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Monday, March 30th were paid a dividend of $0.7025 per share. The ex-dividend date of this dividend was Monday, March 30th. This is an increase from Equity Residential’s previous quarterly dividend of $0.69. This represents a $2.81 annualized dividend and a yield of 4.2%. Equity Residential’s payout ratio is presently 112.40%.

Institutional Investors Weigh In On Equity Residential

Several institutional investors have recently modified their holdings of EQR. Fulcrum Asset Management LLP bought a new position in shares of Equity Residential during the 3rd quarter valued at approximately $27,000. Rosenberg Matthew Hamilton boosted its stake in Equity Residential by 69.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 440 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 180 shares during the period. Harvest Fund Management Co. Ltd bought a new position in Equity Residential during the third quarter valued at $31,000. Zions Bancorporation National Association UT increased its position in Equity Residential by 375.2% during the fourth quarter. Zions Bancorporation National Association UT now owns 480 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 379 shares during the last quarter. Finally, DV Equities LLC purchased a new stake in shares of Equity Residential in the fourth quarter valued at $30,000. 92.68% of the stock is owned by institutional investors.

Equity Residential Company Profile

Equity Residential (NYSE: EQR) is a publicly traded real estate investment trust that acquires, develops, owns and operates rental apartment properties. Headquartered in Chicago, the company focuses on delivering professionally managed, market-rate apartment homes and related services to renters. Its operations cover a range of property types, including high-rise and mid-rise assets, with amenities and on-site management designed to support resident retention and occupancy.

The company’s core activities include property acquisitions, development and redevelopment, leasing, and day-to-day property management.