Equity Residential (NYSE:EQR) Given New $75.00 Price Target at BMO Capital Markets

Equity Residential (NYSE:EQR) had its target price upped by investment analysts at BMO Capital Markets from $68.00 to $75.00 in a report released on Monday,MarketScreener reports. The brokerage currently has a “market perform” rating on the real estate investment trust’s stock. BMO Capital Markets’ price target would indicate a potential upside of 9.98% from the company’s previous close.

Several other brokerages have also weighed in on EQR. Nordea Equity Research raised Equity Residential to a “buy” rating in a research report on Wednesday, May 27th. Stifel Nicolaus upped their price target on shares of Equity Residential from $78.25 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Wall Street Zen cut shares of Equity Residential from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Evercore lifted their price objective on shares of Equity Residential from $70.00 to $71.00 in a research report on Monday. Finally, Morgan Stanley raised shares of Equity Residential from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $72.00 to $74.00 in a research note on Thursday, March 26th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $70.30.

Equity Residential Stock Performance

Shares of NYSE:EQR traded up $0.00 during trading on Monday, reaching $68.19. 134,102 shares of the company’s stock traded hands, compared to its average volume of 2,719,838. The stock has a market capitalization of $25.55 billion, a P/E ratio of 27.28, a price-to-earnings-growth ratio of 5.41 and a beta of 0.75. Equity Residential has a 12 month low of $57.57 and a 12 month high of $70.21. The company has a 50 day moving average of $63.63 and a 200-day moving average of $62.42. 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 (NYSE:EQR) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.09). Equity Residential had a return on equity of 8.57% and a net margin of 30.63%.The business had revenue of $779.85 million during the quarter, compared to the consensus estimate of $781.79 million. During the same period in the prior year, the business earned $0.95 EPS. The business’s revenue 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. On average, equities analysts expect that Equity Residential will post 4.09 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Norges Bank acquired a new stake in Equity Residential in the fourth quarter worth approximately $2,201,674,000. Cohen & Steers Inc. increased its position in shares of Equity Residential by 227.7% during the 4th quarter. Cohen & Steers Inc. now owns 7,405,502 shares of the real estate investment trust’s stock valued at $466,869,000 after purchasing an additional 5,145,442 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Equity Residential by 876.0% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,500,885 shares of the real estate investment trust’s stock worth $291,342,000 after buying an additional 4,039,752 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Equity Residential by 797.2% in the 3rd quarter. Wellington Management Group LLP now owns 2,085,406 shares of the real estate investment trust’s stock worth $134,988,000 after buying an additional 1,852,970 shares in the last quarter. Finally, Alyeska Investment Group L.P. lifted its holdings in shares of Equity Residential by 353.5% in the third quarter. Alyeska Investment Group L.P. now owns 2,002,892 shares of the real estate investment trust’s stock valued at $129,647,000 after buying an additional 1,561,241 shares during the period. 92.68% of the stock is 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.