BNP Paribas Exane Issues Positive Forecast for Equity Residential (NYSE:EQR) Stock Price

Equity Residential (NYSE:EQR) had its price target increased by analysts at BNP Paribas Exane from $68.00 to $70.00 in a research note issued to investors on Monday,MarketScreener reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. BNP Paribas Exane’s price objective would suggest a potential upside of 7.72% from the stock’s previous close.

A number of other analysts have also recently issued reports on EQR. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equity Residential in a research report on Tuesday, April 21st. Royal Bank Of Canada increased their price target on Equity Residential from $67.00 to $69.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Scotiabank raised their price target on Equity Residential from $66.00 to $67.00 and gave the company a “sector perform” rating in a report on Wednesday, March 4th. Wall Street Zen cut shares of Equity Residential from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Finally, Jefferies Financial Group decreased their price objective on shares of Equity Residential from $65.00 to $64.00 and set a “hold” rating on the stock in a report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $70.11.

Equity Residential Stock Performance

Shares of EQR traded up $1.11 during midday trading on Monday, reaching $64.99. The stock had a trading volume of 38,649 shares, compared to its average volume of 2,644,362. The firm has a 50 day simple moving average of $61.81 and a 200-day simple moving average of $61.71. Equity Residential has a one year low of $57.57 and a one year high of $71.52. The firm has a market cap of $24.35 billion, a PE ratio of 26.01, a P/E/G ratio of 5.07 and a beta of 0.76. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.77.

Equity Residential (NYSE:EQR) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.09). Equity Residential had a net margin of 30.63% and a return on equity of 8.57%. The firm had revenue of $779.85 million during the quarter, compared to the consensus estimate of $781.79 million. During the same period in the previous year, the company posted $0.95 earnings per share. The firm’s revenue for the quarter 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. As a group, sell-side analysts anticipate that Equity Residential will post 4.09 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Collier Financial acquired a new position in shares of Equity Residential in the third quarter valued at about $26,000. Fulcrum Asset Management LLP acquired a new stake in Equity Residential in the 3rd quarter worth about $27,000. Rosenberg Matthew Hamilton raised 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 worth $28,000 after purchasing 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 valued at $30,000 after purchasing an additional 379 shares during the period. Finally, DV Equities LLC bought a new stake in Equity Residential in the 4th quarter valued at about $30,000. Institutional investors own 92.68% of the company’s stock.

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.