Equity Residential (NYSE:EQR) Given New $72.00 Price Target at Truist Financial

Equity Residential (NYSE:EQR) had its target price lifted by equities research analysts at Truist Financial from $70.00 to $72.00 in a report released on Tuesday,MarketScreener reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price target indicates a potential upside of 8.05% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. The Goldman Sachs Group cut their price objective on shares of Equity Residential from $71.00 to $69.00 and set a “neutral” rating on the stock in a report on Thursday, April 16th. Scotiabank lifted their target price on shares of Equity Residential from $66.00 to $67.00 and gave the company a “sector perform” rating in a report on Wednesday, March 4th. Nordea Equity Research raised Equity Residential to a “buy” rating in a research report on Wednesday, May 27th. Morgan Stanley raised Equity Residential from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $72.00 to $74.00 in a research report on Thursday, March 26th. Finally, BNP Paribas Exane lifted their price objective on Equity Residential from $68.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $70.65.

Equity Residential Stock Up 0.7%

Equity Residential stock traded up $0.45 on Tuesday, hitting $66.63. 84,754 shares of the stock traded hands, compared to its average volume of 2,752,272. 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 has a market cap of $24.97 billion, a P/E ratio of 26.62, a price-to-earnings-growth ratio of 5.34 and a beta of 0.75. The business’s fifty day simple moving average is $64.57 and its 200 day simple moving average is $62.72. Equity Residential has a 1 year low of $57.57 and a 1 year high of $69.87.

Equity Residential (NYSE:EQR) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.09). The business had revenue of $779.85 million during the quarter, compared to analysts’ expectations of $781.79 million. Equity Residential had a return on equity of 8.57% and a net margin of 30.63%.The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.95 earnings per share. 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. As a group, sell-side analysts forecast that Equity Residential will post 4.09 earnings per share for the current year.

Hedge Funds Weigh In On Equity Residential

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fulcrum Asset Management LLP purchased a new stake in Equity Residential during the 3rd quarter valued at $27,000. Rosenberg Matthew Hamilton lifted its holdings in shares of Equity Residential by 69.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 440 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 180 shares in the last quarter. Zions Bancorporation National Association UT lifted its holdings in shares of 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 purchasing an additional 379 shares in the last quarter. DV Equities LLC purchased a new stake in shares of Equity Residential during the fourth quarter valued at $30,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Equity Residential during the third quarter valued at $31,000. 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.