Equity Residential (NYSE:EQR) Given "Hold (C)" Rating at Weiss Ratings

Key Points

• Equity Residential (NYSE:EQR) received a "Hold (C)" rating from Weiss Ratings, indicating a cautious outlook on the stock.
• BNP Paribas downgraded the stock from "outperform" to "neutral," while Wall Street Zen further downgraded it from "hold" to "sell," reflecting mixed analyst sentiments.
• Equity Residential reported $0.99 earnings per share for the last quarter, meeting analysts' expectations, with a revenue of $768.83 million.

Equity Residential (NYSE:EQR - Get Free Report)'s stock had its "hold (c)" rating reissued by research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

A number of other research firms also recently weighed in on EQR. BNP Paribas Exane downgraded Equity Residential from an "outperform" rating to a "neutral" rating in a research report on Monday, September 29th. Truist Financial lowered their price objective on Equity Residential from $78.00 to $75.00 and set a "buy" rating for the company in a research report on Friday, August 29th. Stifel Nicolaus set a $80.50 price objective on Equity Residential and gave the company a "buy" rating in a research report on Tuesday, August 5th. BNP Paribas downgraded Equity Residential from an "outperform" rating to a "hold" rating in a research report on Monday, September 29th. Finally, Wall Street Zen downgraded Equity Residential from a "hold" rating to a "sell" rating in a research report on Friday, September 26th. Seven equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $74.32.

Equity Residential Stock Performance

NYSE:EQR opened at $62.34 on Wednesday. The business has a 50 day moving average of $64.44 and a 200 day moving average of $67.01. The company has a market capitalization of $23.81 billion, a price-to-earnings ratio of 23.52, a PEG ratio of 3.17 and a beta of 0.90. Equity Residential has a 1-year low of $59.41 and a 1-year high of $78.32. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.17 and a quick ratio of 0.17.

Equity Residential (NYSE:EQR - Get Free Report) last released its earnings results on Monday, August 4th. The real estate investment trust reported $0.99 earnings per share for the quarter, hitting analysts' consensus estimates of $0.99. The company had revenue of $768.83 million during the quarter, compared to the consensus estimate of $770.60 million. Equity Residential had a return on equity of 9.05% and a net margin of 33.22%.Equity Residential's quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter 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. On average, sell-side analysts predict that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Equity Residential

Several hedge funds have recently added to or reduced their stakes in EQR. Vanguard Group Inc. lifted its holdings in shares of Equity Residential by 0.6% during the second quarter. Vanguard Group Inc. now owns 56,316,304 shares of the real estate investment trust's stock valued at $3,800,787,000 after purchasing an additional 315,370 shares in the last quarter. Norges Bank bought a new position in Equity Residential in the second quarter valued at about $2,351,689,000. State Street Corp increased its position in Equity Residential by 1.8% in the second quarter. State Street Corp now owns 24,234,081 shares of the real estate investment trust's stock worth $1,651,909,000 after buying an additional 417,119 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Equity Residential by 5.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,711,588 shares of the real estate investment trust's stock worth $1,482,537,000 after purchasing an additional 1,101,027 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Equity Residential by 1.4% during the second quarter. Geode Capital Management LLC now owns 9,884,977 shares of the real estate investment trust's stock worth $664,662,000 after purchasing an additional 137,533 shares in the last quarter. 92.68% of the stock is owned by institutional investors.

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.

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