Mizuho Cuts Equity Residential (NYSE:EQR) Price Target to $65.00

Equity Residential (NYSE:EQR) had its target price decreased by research analysts at Mizuho from $66.00 to $65.00 in a report released on Monday,Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s price target would suggest a potential upside of 8.16% from the stock’s previous close.

Several other brokerages also recently issued reports on EQR. Truist Financial reduced their price target on shares of Equity Residential from $75.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, November 17th. Barclays decreased their price objective on Equity Residential from $81.00 to $80.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 30th. Royal Bank Of Canada lowered their price target on shares of Equity Residential from $72.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. BMO Capital Markets reduced their price objective on shares of Equity Residential from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Monday, November 17th. Finally, Morgan Stanley cut their price target on Equity Residential from $75.00 to $73.50 and set an “equal weight” rating for the company in a report on Thursday, November 13th. Eight equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $70.45.

Equity Residential Trading Up 1.6%

Shares of EQR opened at $60.10 on Monday. The firm’s 50-day moving average is $62.01 and its two-hundred day moving average is $65.24. Equity Residential has a twelve month low of $58.38 and a twelve month high of $78.32. The company has a current ratio of 0.45, a quick ratio of 0.17 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $22.87 billion, a P/E ratio of 19.94, a PEG ratio of 2.99 and a beta of 0.88.

Equity Residential (NYSE:EQR) last released its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $1.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.02. The business had revenue of $782.41 million for 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 posted $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. On average, research analysts predict that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Institutional Trading of Equity Residential

A number of institutional investors have recently modified their holdings of the company. Collier Financial purchased a new stake in shares of Equity Residential during the 3rd quarter valued at about $26,000. Fulcrum Asset Management LLP purchased a new position in Equity Residential in the third quarter valued at about $27,000. CVA Family Office LLC grew its stake in Equity Residential by 425.3% during the 2nd quarter. CVA Family Office LLC now owns 415 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 336 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Equity Residential during the 3rd quarter valued at approximately $31,000. Finally, Hantz Financial Services Inc. increased its stake in shares of Equity Residential by 434.7% in 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.