Equity Residential (NYSE:EQR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Equity Residential (NYSE:EQR) from a sell rating to a hold rating in a report issued on Saturday.

Several other equities analysts have also commented on EQR. Barclays reduced their price target on Equity Residential from $81.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 30th. Evercore ISI cut their target price on Equity Residential from $72.00 to $71.00 and set an “outperform” rating on the stock in a research report on Monday, October 13th. UBS Group cut their target price on Equity Residential from $84.00 to $76.00 and set a “buy” rating on the stock in a research report on Tuesday, July 15th. Stifel Nicolaus set a $80.50 target price on Equity Residential and gave the company a “buy” rating in a research report on Tuesday, August 5th. Finally, The Goldman Sachs Group cut their target price on Equity Residential from $72.00 to $70.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 17th. Seven equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $73.57.

Equity Residential Stock Performance

Equity Residential stock opened at $62.37 on Friday. The stock’s 50 day moving average price is $64.26 and its 200 day moving average price is $66.50. The firm has a market capitalization of $23.82 billion, a PE ratio of 23.54, a price-to-earnings-growth ratio of 3.16 and a beta of 0.90. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.17 and a current ratio of 0.17. Equity Residential has a one year low of $59.41 and a one year high of $78.32.

Equity Residential (NYSE:EQR) last released its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. The firm had revenue of $768.83 million for the quarter, compared to analyst estimates of $770.60 million. Equity Residential had a return on equity of 9.05% and a net margin of 33.22%.Equity Residential’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.97 EPS. Equity Residential has set its FY 2025 guidance at 3.970-4.030 EPS. Q3 2025 guidance at 0.990-1.030 EPS. As a group, sell-side analysts expect that Equity Residential will post 3.98 EPS for the current fiscal year.

Equity Residential Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Thursday, September 25th were issued a $0.6925 dividend. This represents a $2.77 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Thursday, September 25th. Equity Residential’s payout ratio is 104.53%.

Institutional Investors Weigh In On Equity Residential

Institutional investors have recently made changes to their positions in the company. CVA Family Office LLC increased its holdings in shares of Equity Residential by 425.3% in the 2nd quarter. CVA Family Office LLC now owns 415 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 336 shares during the last quarter. GKV Capital Management Co. Inc. bought a new stake in shares of Equity Residential in the 1st quarter valued at approximately $37,000. FNY Investment Advisers LLC increased its holdings in shares of Equity Residential by 1,000.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 660 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 600 shares during the last quarter. Keystone Global Partners LLC bought a new stake in shares of Equity Residential in the 1st quarter valued at approximately $47,000. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Equity Residential in the 1st quarter valued at approximately $48,000. 92.68% of the stock is currently 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.