Equity Residential (NYSE:EQR) Rating Lowered to Neutral at BNP Paribas Exane

Key Points

• Equity Residential's rating was downgraded from "outperform" to "neutral" by BNP Paribas Exane in a recent report.
• While six analysts have rated the stock as a Buy, the average rating is currently "Hold" with a consensus target price of $74.73.
• Equity Residential reported a quarterly EPS of $0.99, matching consensus estimates, and a revenue of $768.83 million, slightly below expectations.

Equity Residential (NYSE:EQR - Get Free Report) was downgraded by stock analysts at BNP Paribas Exane from an "outperform" rating to a "neutral" rating in a research report issued to clients and investors on Monday,MarketScreener reports.

A number of other research analysts have also issued reports on the company. 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. UBS Group reduced their price objective on Equity Residential from $84.00 to $76.00 and set a "buy" rating for the company in a research report on Tuesday, July 15th. Wall Street Zen lowered Equity Residential from a "hold" rating to a "sell" rating in a research report on Friday. Barclays reduced their price target on Equity Residential from $83.00 to $81.00 and set an "overweight" rating for the company in a research report on Tuesday, August 12th. Finally, Wells Fargo & Company reduced their price target on Equity Residential from $75.00 to $68.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 27th. Six research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $74.73.

Equity Residential Price Performance

EQR stock opened at $64.39 on Monday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.75. Equity Residential has a 52-week low of $59.41 and a 52-week high of $78.32. The stock's 50 day moving average is $65.06 and its two-hundred day moving average is $67.33. The company has a market capitalization of $24.59 billion, a PE ratio of 24.30, a P/E/G ratio of 3.31 and a beta of 0.93.

Equity Residential (NYSE:EQR - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.99. The company had revenue of $768.83 million for 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 revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $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. Analysts predict that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Institutional Trading of Equity Residential

Large investors have recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of Equity Residential in the 2nd quarter worth approximately $2,351,689,000. Nuveen LLC acquired a new position in shares of Equity Residential in the 1st quarter worth approximately $165,442,000. Prudential Financial Inc. raised its holdings in shares of Equity Residential by 725.6% in the 2nd quarter. Prudential Financial Inc. now owns 1,908,429 shares of the real estate investment trust's stock worth $128,800,000 after buying an additional 1,677,278 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Equity Residential by 20.9% in the 2nd quarter. Invesco Ltd. now owns 8,019,026 shares of the real estate investment trust's stock worth $541,204,000 after buying an additional 1,384,580 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Equity Residential by 5.6% in the 1st 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 buying an additional 1,101,027 shares in the last quarter. 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.

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