Jefferies Financial Group Has Lowered Expectations for Equity Residential (NYSE:EQR) Stock Price

Equity Residential (NYSE:EQR) had its target price decreased by equities researchers at Jefferies Financial Group from $68.00 to $65.00 in a report issued on Tuesday,MarketScreener reports. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Jefferies Financial Group’s target price points to a potential upside of 9.43% from the stock’s current price.

Several other research analysts have also recently issued reports on the stock. Stifel Nicolaus set a $79.75 price objective on shares of Equity Residential in a report on Wednesday, October 29th. BNP Paribas cut shares of Equity Residential from an “outperform” rating to a “hold” rating in a research note on Monday, September 29th. Morgan Stanley reduced their price objective on Equity Residential from $75.00 to $73.50 and set an “equal weight” rating on the stock in a research report on Thursday. Scotiabank dropped their price target on shares of Equity Residential from $73.00 to $66.00 and set a “sector perform” rating on the stock in a research report on Tuesday, November 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Equity Residential in a research report on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $71.22.

Equity Residential Stock Performance

Shares of EQR stock traded up $0.12 during trading hours on Tuesday, reaching $59.40. 60,344 shares of the company’s stock were exchanged, compared to its average volume of 2,044,271. Equity Residential has a fifty-two week low of $58.38 and a fifty-two week high of $78.32. The business has a fifty day moving average price of $62.86 and a 200-day moving average price of $65.77. The stock has a market capitalization of $22.60 billion, a P/E ratio of 19.61, a P/E/G ratio of 2.99 and a beta of 0.88. The company has a quick ratio of 0.17, a current ratio of 0.45 and a debt-to-equity ratio of 0.75.

Equity Residential (NYSE:EQR) last issued its earnings results on Tuesday, October 28th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.02. The business had revenue of $782.41 million during the quarter, compared to analysts’ expectations of $779.68 million. Equity Residential had a return on equity of 10.30% and a net margin of 37.58%.During the same quarter in the prior year, the firm earned $0.98 EPS. Equity Residential has set its Q4 2025 guidance at 1.020-1.060 EPS. FY 2025 guidance at 3.980-4.020 EPS. Analysts predict that Equity Residential will post 3.98 EPS for the current fiscal year.

Institutional Investors Weigh In On Equity Residential

A number of large investors have recently bought and sold shares of the company. Collier Financial acquired a new position in Equity Residential during the 3rd quarter worth $26,000. CVA Family Office LLC boosted its position in Equity Residential by 425.3% during the second quarter. CVA Family Office LLC now owns 415 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 336 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in shares of Equity Residential during the third quarter worth approximately $31,000. GKV Capital Management Co. Inc. bought a new stake in Equity Residential in the 1st quarter valued at $37,000. Finally, Hantz Financial Services Inc. grew its stake in Equity Residential by 434.7% during the third quarter. Hantz Financial Services Inc. now owns 540 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 439 shares during the last quarter. Hedge funds and other institutional investors own 92.68% of the company’s stock.

About Equity Residential

Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, is focused on the acquisition, development and management of residential properties located in and around dynamic cities that attract affluent long-term renters. Equity Residential owns or has investments in 305 properties consisting of 80,683 apartment units, with an established presence in Boston, New York, Washington, DC, Seattle, San Francisco and Southern California, and an expanding presence in Denver, Atlanta, Dallas/Ft.