Equity Residential (NYSE:EQR) Price Target Cut to $68.00 by Analysts at UBS Group

Equity Residential (NYSE:EQR) had its target price lowered by research analysts at UBS Group from $76.00 to $68.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. UBS Group’s target price indicates a potential upside of 13.81% from the company’s current price.

EQR has been the topic of several other research reports. Truist Financial dropped their target price on Equity Residential from $78.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, August 29th. The Goldman Sachs Group dropped their price objective on Equity Residential from $72.00 to $70.00 and set a “neutral” rating on the stock in a report on Wednesday, September 17th. Morgan Stanley reduced their target price on Equity Residential from $76.50 to $75.00 and set an “equal weight” rating for the company in a report on Wednesday, August 13th. Cantor Fitzgerald started coverage on Equity Residential in a research report on Wednesday, October 1st. They set an “overweight” rating and a $70.00 price target on the stock. Finally, Scotiabank decreased their target price on shares of Equity Residential from $73.00 to $66.00 and set a “sector perform” rating on the stock in a report on Tuesday, November 4th. Seven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $71.52.

Equity Residential Stock Performance

Equity Residential stock traded up $0.04 during midday trading on Monday, reaching $59.75. The stock had a trading volume of 899,211 shares, compared to its average volume of 2,047,716. The company has a quick ratio of 0.17, a current ratio of 0.45 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $22.73 billion, a PE ratio of 19.70, a P/E/G ratio of 2.99 and a beta of 0.88. Equity Residential has a 12 month low of $58.38 and a 12 month high of $78.32. The firm’s 50-day moving average price is $63.29 and its 200 day moving average price is $65.99.

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

Institutional Trading of Equity Residential

Large investors have recently modified their holdings of the business. Brown Advisory Inc. lifted its stake in Equity Residential by 1.6% in the first quarter. Brown Advisory Inc. now owns 10,733 shares of the real estate investment trust’s stock worth $768,000 after acquiring an additional 166 shares during the period. Rothschild Investment LLC boosted its position in shares of Equity Residential by 6.8% in the 2nd quarter. Rothschild Investment LLC now owns 2,841 shares of the real estate investment trust’s stock worth $192,000 after purchasing an additional 182 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Equity Residential by 0.4% in the second quarter. Cetera Investment Advisers now owns 48,030 shares of the real estate investment trust’s stock worth $3,242,000 after acquiring an additional 183 shares in the last quarter. CX Institutional grew its position in Equity Residential by 6.1% during the 3rd quarter. CX Institutional now owns 3,274 shares of the real estate investment trust’s stock valued at $212,000 after purchasing an additional 189 shares during the last quarter. Finally, Summitry LLC grew its holdings in shares of Equity Residential by 6.3% during the third quarter. Summitry LLC now owns 3,193 shares of the real estate investment trust’s stock valued at $207,000 after buying an additional 189 shares during the last quarter. 92.68% of the stock is owned by institutional investors.

Equity Residential Company Profile

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.