Equity Residential (NYSE:EQR) Given New $67.00 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank of Canada cut its price target on Equity Residential to $67 from $68 but maintained an "outperform" rating, implying roughly a 10.43% upside from the current price.
• Equity Residential slightly missed quarterly expectations with $1.03 EPS vs. $1.04 expected and $781.9M revenue, and issued guidance of Q1 2026 EPS 0.94–0.98 and FY 2026 EPS 4.02–4.14.
• Analysts' consensus remains a "Hold" with an average price target of $69.53; shares trade near $60.67 and the company has a market cap of about $22.91 billion.

Equity Residential (NYSE:EQR - Get Free Report) had its price target decreased by investment analysts at Royal Bank Of Canada from $68.00 to $67.00 in a report issued on Monday,MarketScreener reports. The firm currently has an "outperform" rating on the real estate investment trust's stock. Royal Bank Of Canada's price objective indicates a potential upside of 10.43% from the stock's current price.

Other equities research analysts have also recently issued reports about the stock. BNP Paribas Exane upped their target price on shares of Equity Residential from $66.00 to $68.00 and gave the company a "neutral" rating in a report on Tuesday, March 3rd. Weiss Ratings reissued a "hold (c)" rating on shares of Equity Residential in a report on Thursday, January 22nd. Wall Street Zen raised shares of Equity Residential from a "sell" rating to a "hold" rating in a research report on Saturday, March 28th. Argus set a $70.00 price objective on shares of Equity Residential in a research report on Thursday, March 12th. Finally, The Goldman Sachs Group boosted their target price on shares of Equity Residential from $69.00 to $71.00 and gave the company a "neutral" rating in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $69.53.

Equity Residential Trading Down 0.8%

Shares of Equity Residential stock opened at $60.67 on Monday. The stock has a market cap of $22.91 billion, a P/E ratio of 20.81, a P/E/G ratio of 4.61 and a beta of 0.73. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.73. Equity Residential has a 12-month low of $57.57 and a 12-month high of $72.40. The business's 50 day moving average is $61.59 and its 200-day moving average is $61.56.

Equity Residential (NYSE:EQR - Get Free Report) last issued its earnings results on Thursday, February 5th. The real estate investment trust reported $1.03 earnings per share for the quarter, missing analysts' consensus estimates of $1.04 by ($0.01). Equity Residential had a return on equity of 9.98% and a net margin of 36.20%.The firm had revenue of $781.91 million for the quarter, compared to analyst estimates of $786.35 million. During the same quarter in the previous year, the firm posted $1.00 earnings per share. Equity Residential's quarterly revenue was up 2.0% on a year-over-year basis. Equity Residential has set its Q1 2026 guidance at 0.940-0.980 EPS and its FY 2026 guidance at 4.020-4.140 EPS. Equities research analysts predict that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Michael L. Manelis sold 5,765 shares of the business's stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $65.13, for a total value of $375,474.45. Following the sale, the chief operating officer owned 46,131 shares of the company's stock, valued at $3,004,512.03. The trade was a 11.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Catherine Carraway sold 656 shares of the company's stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $65.13, for a total transaction of $42,725.28. Following the sale, the executive vice president owned 18,339 shares in the company, valued at $1,194,419.07. The trade was a 3.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 10,058 shares of company stock valued at $655,078 over the last quarter. Company insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On Equity Residential

A number of large investors have recently made changes to their positions in EQR. Collier Financial bought a new stake in shares of Equity Residential during the 3rd quarter valued at $26,000. Fulcrum Asset Management LLP purchased a new position in Equity Residential during the 3rd quarter valued at about $27,000. Rosenberg Matthew Hamilton increased its position in shares of Equity Residential by 69.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 440 shares of the real estate investment trust's stock valued at $28,000 after buying an additional 180 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in shares of Equity Residential during the third quarter valued at about $31,000. Finally, Zions Bancorporation National Association UT lifted its holdings in shares of Equity Residential by 375.2% in the fourth quarter. Zions Bancorporation National Association UT now owns 480 shares of the real estate investment trust's stock worth $30,000 after buying an additional 379 shares in the last quarter. 92.68% of the stock is owned by institutional investors.

Equity Residential Company Profile

Equity Residential NYSE: EQR is a publicly traded real estate investment trust that acquires, develops, owns and operates rental apartment properties. Headquartered in Chicago, the company focuses on delivering professionally managed, market-rate apartment homes and related services to renters. Its operations cover a range of property types, including high-rise and mid-rise assets, with amenities and on-site management designed to support resident retention and occupancy.

The company's core activities include property acquisitions, development and redevelopment, leasing, and day-to-day property management.

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