Equity Residential (NYSE:EQR) Stock Price Expected to Rise, Scotiabank Analyst Says

Equity Residential (NYSE:EQR) had its price objective hoisted by research analysts at Scotiabank from $67.00 to $70.00 in a research note issued on Thursday, Marketbeat.com reports. The firm presently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price target indicates a potential upside of 1.86% from the stock’s current price.

A number of other research analysts have also recently commented on EQR. Mizuho increased their price target on Equity Residential from $66.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, June 10th. Morgan Stanley upgraded Equity Residential from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $72.00 to $74.00 in a research report on Thursday, March 26th. UBS Group upped their target price on Equity Residential from $71.00 to $73.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Wolfe Research upgraded Equity Residential from a “hold” rating to an “outperform” rating in a research report on Monday, June 1st. Finally, Truist Financial lifted their price target on Equity Residential from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $70.80.

Equity Residential Trading Up 0.9%

Shares of Equity Residential stock opened at $68.72 on Thursday. The firm has a market capitalization of $25.75 billion, a PE ratio of 27.49, a price-to-earnings-growth ratio of 5.41 and a beta of 0.74. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.77. The firm’s 50 day moving average is $66.69 and its 200 day moving average is $63.52. Equity Residential has a 1 year low of $57.57 and a 1 year high of $71.50.

Equity Residential (NYSE:EQR) last issued its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.09). Equity Residential had a net margin of 30.63% and a return on equity of 8.57%. The company had revenue of $779.85 million during the quarter, compared to the consensus estimate of $781.79 million. During the same period in the previous year, the company earned $0.95 EPS. Equity Residential’s revenue for the quarter was up 2.5% on a year-over-year basis. 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. Equities research analysts forecast that Equity Residential will post 4.09 earnings per share for the current fiscal year.

Institutional Trading of Equity Residential

A number of institutional investors and hedge funds have recently bought and sold shares of EQR. Norges Bank bought a new position in Equity Residential during the 4th quarter worth $2,201,674,000. State Street Corp increased its stake in shares of Equity Residential by 2.8% in the third quarter. State Street Corp now owns 24,922,935 shares of the real estate investment trust’s stock valued at $1,630,103,000 after buying an additional 688,854 shares during the period. Geode Capital Management LLC increased its stake in shares of Equity Residential by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 10,258,275 shares of the real estate investment trust’s stock valued at $644,412,000 after buying an additional 114,604 shares during the period. First Eagle Investment Management LLC raised its position in shares of Equity Residential by 0.5% during the fourth quarter. First Eagle Investment Management LLC now owns 9,242,013 shares of the real estate investment trust’s stock worth $582,617,000 after acquiring an additional 44,127 shares during the last quarter. Finally, Cohen & Steers Inc. raised its position in shares of Equity Residential by 227.7% during the fourth quarter. Cohen & Steers Inc. now owns 7,405,502 shares of the real estate investment trust’s stock worth $466,869,000 after acquiring an additional 5,145,442 shares during the last quarter. 92.68% of the stock is currently owned by institutional investors and hedge funds.

About Equity Residential

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.