Evercore ISI Lowers Equity Residential (NYSE:EQR) Price Target to $71.00

Key Points

• Evercore ISI has lowered its price target for Equity Residential (NYSE:EQR) from $72.00 to $71.00 while maintaining an "outperform" rating, suggesting a potential upside of 15.04% from the company's previous close.
• Other analysts have also adjusted their price targets for EQR, with UBS estimating $76.00, Goldman Sachs at $70.00, and Truist Financial at $75.00, showcasing mixed evaluations from multiple financial firms.
• Equity Residential recently reported earnings of $0.99 per share alongside a revenue of $768.83 million, indicating a year-over-year revenue increase despite slightly missing analyst expectations.

Equity Residential (NYSE:EQR - Get Free Report) had its target price decreased by Evercore ISI from $72.00 to $71.00 in a report issued on Monday,Benzinga reports. The firm presently has an "outperform" rating on the real estate investment trust's stock. Evercore ISI's price objective points to a potential upside of 15.04% from the company's previous close.

EQR has been the subject of several other reports. UBS Group decreased their price target on Equity Residential from $84.00 to $76.00 and set a "buy" rating for the company in a report on Tuesday, July 15th. Stifel Nicolaus set a $80.50 price objective on shares of Equity Residential and gave the stock a "buy" rating in a research report on Tuesday, August 5th. The Goldman Sachs Group dropped their price target on shares of Equity Residential from $72.00 to $70.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 17th. Truist Financial cut their price target on shares of Equity Residential from $78.00 to $75.00 and set a "buy" rating for the company in a report on Friday, August 29th. Finally, BNP Paribas Exane downgraded shares of Equity Residential from an "outperform" rating to a "neutral" rating in a research report on Monday, September 29th. Seven equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $74.25.

Equity Residential Stock Down 0.4%

EQR stock opened at $61.72 on Monday. The company's 50 day moving average price is $64.39 and its 200 day moving average price is $66.82. The firm has a market capitalization of $23.57 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 3.13 and a beta of 0.90. Equity Residential has a fifty-two week low of $59.41 and a fifty-two week high of $78.32. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.17 and a current ratio of 0.17.

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

Institutional Investors Weigh In On Equity Residential

A number of hedge funds and other institutional investors have recently made changes to their positions in EQR. Greenleaf Trust grew its position in shares of Equity Residential by 4.4% in the 1st quarter. Greenleaf Trust now owns 3,858 shares of the real estate investment trust's stock valued at $276,000 after purchasing an additional 162 shares during the period. Brown Advisory Inc. boosted its holdings in shares of Equity Residential by 1.6% in the first quarter. Brown Advisory Inc. now owns 10,733 shares of the real estate investment trust's stock valued at $768,000 after buying an additional 166 shares during the period. Avior Wealth Management LLC increased its position in shares of Equity Residential by 2.9% during the first quarter. Avior Wealth Management LLC now owns 6,283 shares of the real estate investment trust's stock worth $450,000 after acquiring an additional 177 shares in the last quarter. Global X Japan Co. Ltd. raised its holdings in shares of Equity Residential by 24.8% during the first quarter. Global X Japan Co. Ltd. now owns 896 shares of the real estate investment trust's stock worth $64,000 after acquiring an additional 178 shares during the period. Finally, Rothschild Investment LLC lifted its position in Equity Residential by 6.8% in the 2nd quarter. Rothschild Investment LLC now owns 2,841 shares of the real estate investment trust's stock valued at $192,000 after acquiring an additional 182 shares in the last quarter. Hedge funds and other 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.

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