Equity Residential (NYSE:EQR) Price Target Raised to $70.00 at Mizuho

Equity Residential (NYSE:EQR) had its price target lifted by Mizuho from $66.00 to $70.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s target price would suggest a potential upside of 3.24% from the company’s previous close.

Several other brokerages have also issued reports on EQR. BMO Capital Markets increased their price objective on Equity Residential from $68.00 to $75.00 and gave the stock a “market perform” rating in a report on Monday. Piper Sandler reiterated a “neutral” rating and set a $72.00 price objective (down from $78.00) on shares of Equity Residential in a report on Friday, May 29th. Nordea Equity Research upgraded Equity Residential to a “buy” rating in a report on Wednesday, May 27th. Wells Fargo & Company increased their price objective on Equity Residential from $62.00 to $64.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. Finally, The Goldman Sachs Group cut their price objective on Equity Residential from $71.00 to $69.00 and set a “neutral” rating for the company in a report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $70.55.

Equity Residential Price Performance

EQR opened at $67.81 on Wednesday. The stock has a fifty day moving average of $63.97 and a 200-day moving average of $62.54. The firm has a market capitalization of $25.40 billion, a P/E ratio of 27.12, a PEG ratio of 5.34 and a beta of 0.75. Equity Residential has a 12-month low of $57.57 and a 12-month high of $70.21. 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 (NYSE:EQR) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.24 earnings per share (EPS) 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 firm had revenue of $779.85 million for the quarter, compared to analysts’ expectations of $781.79 million. During the same quarter in the prior year, the business posted $0.95 earnings per share. Equity Residential’s revenue was up 2.5% on a year-over-year basis. 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. Equities analysts forecast that Equity Residential will post 4.09 EPS for the current fiscal year.

Hedge Funds Weigh In On Equity Residential

A number of institutional investors have recently made changes to their positions in EQR. Fulcrum Asset Management LLP bought a new position in shares of Equity Residential in the third quarter worth about $27,000. Rosenberg Matthew Hamilton increased its stake in shares of Equity Residential by 69.2% in the fourth 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 during the period. Zions Bancorporation National Association UT increased its stake in shares of Equity Residential by 375.2% in the fourth quarter. Zions Bancorporation National Association UT now owns 480 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 379 shares during the period. DV Equities LLC bought a new position in shares of Equity Residential in the fourth quarter worth about $30,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Equity Residential in the third quarter worth about $31,000. 92.68% of the stock is currently owned by institutional investors.

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.