Equity Residential (NYSE:EQR) Price Target Lowered to $71.00 at JPMorgan Chase & Co.

Equity Residential (NYSE:EQR) had its target price cut by investment analysts at JPMorgan Chase & Co. from $75.00 to $71.00 in a research note issued on Thursday,MarketScreener reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 13.78% from the company’s current price.

A number of other analysts also recently issued reports on EQR. Royal Bank Of Canada decreased their target price on Equity Residential from $72.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. The Goldman Sachs Group reduced their target price on shares of Equity Residential from $72.00 to $70.00 and set a “neutral” rating for the company in a research note on Wednesday, September 17th. UBS Group lowered their price target on shares of Equity Residential from $76.00 to $68.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Wells Fargo & Company cut their price objective on shares of Equity Residential from $68.00 to $62.00 and set an “equal weight” rating for the company in a report on Monday, November 10th. Finally, Evercore ISI dropped their target price on Equity Residential from $70.00 to $68.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. Eight research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, Equity Residential presently has a consensus rating of “Hold” and a consensus price target of $70.02.

Equity Residential Stock Performance

NYSE:EQR traded up $0.37 during trading on Thursday, reaching $62.40. The company’s stock had a trading volume of 61,952 shares, compared to its average volume of 2,045,447. The firm has a market cap of $23.74 billion, a price-to-earnings ratio of 20.59, a price-to-earnings-growth ratio of 3.27 and a beta of 0.75. Equity Residential has a 12 month low of $58.38 and a 12 month high of $75.86. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.45 and a current ratio of 0.45. The firm has a 50 day moving average of $61.44 and a 200-day moving average of $64.79.

Equity Residential (NYSE:EQR) last posted its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $1.02 earnings per share for the quarter, meeting the consensus estimate of $1.02. The company had revenue of $782.41 million during the quarter, compared to analyst estimates of $779.68 million. Equity Residential had a net margin of 37.58% and a return on equity of 10.30%. During the same quarter in the prior year, the business earned $0.98 earnings per share. Equity Residential has set its Q4 2025 guidance at 1.020-1.060 EPS and its FY 2025 guidance at 3.980-4.020 EPS. Research analysts expect that Equity Residential will post 3.98 EPS for the current fiscal year.

Institutional Trading of Equity Residential

Large investors have recently modified their holdings of the business. LPL Financial LLC raised its stake in Equity Residential by 1.8% in the first quarter. LPL Financial LLC now owns 61,979 shares of the real estate investment trust’s stock valued at $4,436,000 after purchasing an additional 1,080 shares in the last quarter. US Bancorp DE increased its holdings in shares of Equity Residential by 2.5% in the 1st quarter. US Bancorp DE now owns 32,221 shares of the real estate investment trust’s stock worth $2,306,000 after buying an additional 788 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Equity Residential by 9.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 54,271 shares of the real estate investment trust’s stock valued at $3,885,000 after buying an additional 4,499 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Equity Residential by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 56,000,934 shares of the real estate investment trust’s stock worth $4,008,547,000 after acquiring an additional 199,943 shares during the last quarter. Finally, ASR Vermogensbeheer N.V. purchased a new position in Equity Residential in the first quarter worth $2,613,000. 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.