Equity Residential (NYSE:EQR) Upgraded to “Hold” at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Equity Residential (NYSE:EQR) to a hold rating in a research report report published on Friday morning,Zacks.com reports.

A number of other research analysts also recently commented on EQR. Wolfe Research raised shares of Equity Residential from a “hold” rating to an “outperform” rating in a research report on Monday, June 1st. Evercore upped their price target on shares of Equity Residential from $70.00 to $71.00 in a research report on Monday, June 8th. Wall Street Zen downgraded shares of Equity Residential from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Mizuho boosted their price objective on shares of Equity Residential from $66.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 10th. Finally, Bank of America raised shares of Equity Residential from a “neutral” rating to a “buy” rating and set a $76.00 price objective for the company in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $70.65.

Equity Residential Price Performance

EQR opened at $68.48 on Friday. Equity Residential has a 12-month low of $57.57 and a 12-month high of $69.03. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.77. The business’s fifty day simple moving average is $65.47 and its 200-day simple moving average is $62.97. The company has a market capitalization of $25.66 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 5.33 and a beta of 0.75.

Equity Residential (NYSE:EQR) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.09). The firm had revenue of $779.85 million for the quarter, compared to analysts’ expectations of $781.79 million. Equity Residential had a net margin of 30.63% and a return on equity of 8.57%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.95 EPS. 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. On average, equities research analysts anticipate that Equity Residential will post 4.09 earnings per share for the current fiscal year.

Equity Residential Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 29th will be given a dividend of $0.7025 per share. This represents a $2.81 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Monday, June 29th. Equity Residential’s dividend payout ratio is presently 112.40%.

Institutional Trading of Equity Residential

A number of institutional investors have recently modified their holdings of the company. Norges Bank purchased a new position in shares of Equity Residential in the 4th quarter worth approximately $2,201,674,000. State Street Corp lifted its position in Equity Residential by 2.8% during the third quarter. State Street Corp now owns 24,922,935 shares of the real estate investment trust’s stock valued at $1,630,103,000 after acquiring an additional 688,854 shares during the last quarter. Geode Capital Management LLC boosted its stake in Equity Residential by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 10,258,275 shares of the real estate investment trust’s stock valued at $644,412,000 after acquiring an additional 114,604 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in Equity Residential by 0.5% in the fourth quarter. First Eagle Investment Management LLC now owns 9,242,013 shares of the real estate investment trust’s stock valued at $582,617,000 after acquiring an additional 44,127 shares in the last quarter. Finally, Cohen & Steers Inc. grew its stake in Equity Residential by 227.7% during the 4th quarter. Cohen & Steers Inc. now owns 7,405,502 shares of the real estate investment trust’s stock worth $466,869,000 after buying an additional 5,145,442 shares during the last quarter. 92.68% of the stock is currently owned by institutional investors.

Equity Residential Company Profile

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.