Morgan Stanley Lowers Equity Residential (NYSE:EQR) Price Target to $73.50

Equity Residential (NYSE:EQR) had its target price decreased by investment analysts at Morgan Stanley from $75.00 to $73.50 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the real estate investment trust’s stock. Morgan Stanley’s price objective points to a potential upside of 23.38% from the stock’s current price.

Other research analysts also recently issued reports about the stock. Cantor Fitzgerald assumed coverage on shares of Equity Residential in a research note on Wednesday, October 1st. They set an “overweight” rating and a $70.00 price objective on the stock. UBS Group cut their target price on shares of Equity Residential from $76.00 to $68.00 and set a “buy” rating on the stock in a research note on Monday. Stifel Nicolaus set a $79.75 price target on shares of Equity Residential in a research report on Wednesday, October 29th. Wells Fargo & Company lowered their price objective on Equity Residential from $68.00 to $62.00 and set an “equal weight” rating for the company in a report on Monday. Finally, JPMorgan Chase & Co. cut their price objective on Equity Residential from $76.00 to $75.00 in a research note on Tuesday, September 16th. Seven analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $71.42.

Equity Residential Trading Down 0.1%

Shares of EQR stock traded down $0.05 on Thursday, reaching $59.57. 634,569 shares of the stock were exchanged, compared to its average volume of 2,045,685. 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 stock has a market cap of $22.66 billion, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 2.99 and a beta of 0.88. The firm has a 50 day moving average of $62.99 and a two-hundred day moving average of $65.82. Equity Residential has a 1-year low of $58.38 and a 1-year high of $78.32.

Equity Residential (NYSE:EQR) last posted its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 return on equity of 10.30% and a net margin of 37.58%.During the same quarter in the previous year, the business 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. On average, research analysts anticipate that Equity Residential will post 3.98 EPS for the current year.

Institutional Investors Weigh In On Equity Residential

Several large investors have recently made changes to their positions in EQR. Rothschild Investment LLC increased its position in Equity Residential by 6.8% during the second quarter. Rothschild Investment LLC now owns 2,841 shares of the real estate investment trust’s stock worth $192,000 after buying an additional 182 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of 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 buying an additional 183 shares during the last quarter. CX Institutional grew its position in shares of Equity Residential by 6.1% in the third 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. Summitry LLC lifted 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 worth $207,000 after buying an additional 189 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in shares of Equity Residential by 1.1% in the third quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the real estate investment trust’s stock valued at $1,178,000 after acquiring an additional 200 shares during the period. Institutional investors own 92.68% of the company’s stock.

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.