JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Equity Residential (NYSE:EQR) Stock

Key Points

• JPMorgan raised its price target on Equity Residential to $72 (from $71) while keeping a "neutral" rating, implying about a 9.62% upside from the current price.
• Equity Residential missed quarterly EPS expectations, reporting $0.24 vs. a $0.33 consensus, and issued FY2026 guidance of 4.020–4.140 EPS with Q2 guidance of 0.980–1.020; sell-side analysts expect roughly 4.09 EPS for the year.
• The analyst consensus remains a Hold with a consensus price target of $69.91 and a distribution of ratings (1 Strong Buy, 7 Buy, 12 Hold) among coverage analysts.

Equity Residential (NYSE:EQR - Get Free Report) had its price objective lifted by equities research analysts at JPMorgan Chase & Co. from $71.00 to $72.00 in a research report issued to clients and investors on Tuesday,MarketScreener reports. The firm presently has a "neutral" rating on the real estate investment trust's stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 9.62% from the company's current price.

Several other analysts also recently commented on the stock. Scotiabank upped their price objective on shares of Equity Residential from $66.00 to $67.00 and gave the company a "sector perform" rating in a report on Wednesday, March 4th. Royal Bank Of Canada boosted their target price on shares of Equity Residential from $67.00 to $69.00 and gave the company an "outperform" rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft lowered shares of Equity Residential from a "buy" rating to a "hold" rating and set a $63.00 price target on the stock. in a report on Tuesday, January 20th. Mizuho increased their price target on Equity Residential from $65.00 to $66.00 and gave the stock a "neutral" rating in a research report on Friday, March 6th. Finally, BMO Capital Markets lowered Equity Residential from an "outperform" rating to a "market perform" rating and reduced their price objective for the company from $70.00 to $68.00 in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $69.91.

Equity Residential Trading Up 0.7%

Equity Residential stock opened at $65.68 on Tuesday. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.77. Equity Residential has a 52 week low of $57.57 and a 52 week high of $71.80. The company has a market capitalization of $24.61 billion, a price-to-earnings ratio of 26.26, a price-to-earnings-growth ratio of 4.92 and a beta of 0.76. The stock has a 50-day moving average price of $61.37 and a 200 day moving average price of $61.52.

Equity Residential (NYSE:EQR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.09). Equity Residential had a return on equity of 8.57% and a net margin of 30.63%.The business had revenue of $779.85 million during the quarter, compared to analyst estimates of $781.79 million. During the same quarter last year, the company posted $0.95 EPS. Equity Residential's quarterly revenue was up 2.5% compared to the same quarter last year. Equity Residential has set its FY 2026 guidance at 4.020-4.140 EPS and its Q2 2026 guidance at 0.980-1.020 EPS. Sell-side analysts anticipate that Equity Residential will post 4.09 EPS for the current year.

Insider Transactions at Equity Residential

In related news, COO Michael L. Manelis sold 5,765 shares of Equity Residential stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $65.13, for a total value of $375,474.45. Following the completion of the transaction, the chief operating officer owned 46,131 shares in the company, valued at $3,004,512.03. The trade was a 11.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert Garechana sold 3,637 shares of the company's stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $65.13, for a total value of $236,877.81. Following the completion of the transaction, the executive vice president directly owned 18,740 shares of the company's stock, valued at $1,220,536.20. The trade was a 16.25% decrease in their position. 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 in the last ninety days. 1.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Equity Residential

Large investors have recently added to or reduced their stakes in the stock. Collier Financial acquired a new stake in shares of Equity Residential in the third quarter valued at about $26,000. Fulcrum Asset Management LLP purchased a new position in Equity Residential in the 3rd quarter valued at about $27,000. Rosenberg Matthew Hamilton lifted its stake in Equity Residential by 69.2% in the 4th 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 in the last quarter. Zions Bancorporation National Association UT boosted its holdings in Equity Residential by 375.2% in the 4th 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 during the last quarter. Finally, DV Equities LLC acquired a new stake in Equity Residential in the 4th quarter worth about $30,000. 92.68% of the stock is currently owned by institutional investors and hedge funds.

About Equity Residential

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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