UBS Group Forecasts Strong Price Appreciation for Equity Residential (NYSE:EQR) Stock

by · The Cerbat Gem

Equity Residential (NYSE:EQR – Get Free Report) had its target price lifted by equities research analysts at UBS Group from $71.00 to $73.00 in a research report issued to clients and investors on Thursday,MarketScreener reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. UBS Group’s price target would suggest a potential upside of 11.17% from the company’s previous close.

A number of other analysts have also recently weighed in on EQR. JPMorgan Chase & Co. increased their target price on shares of Equity Residential from $71.00 to $72.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Morgan Stanley upgraded Equity Residential from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $72.00 to $74.00 in a research note on Thursday, March 26th. Cantor Fitzgerald raised their price target on Equity Residential from $64.00 to $66.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Evercore upped their price objective on Equity Residential from $67.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Finally, Argus set a $70.00 target price on Equity Residential in a research note on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $70.01.

Check Out Our Latest Stock Analysis on EQR

Equity Residential Stock Performance

Shares of EQR stock opened at $65.66 on Thursday. The stock has a market capitalization of $24.60 billion, a price-to-earnings ratio of 26.21, a PEG ratio of 5.23 and a beta of 0.76. Equity Residential has a one year low of $57.57 and a one year high of $71.80. The company’s 50-day simple moving average is $61.74 and its 200-day simple moving average is $61.69. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.18 and a current ratio of 0.18.

Equity Residential (NYSE:EQR – Get Free Report) last issued its 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 during the quarter, compared to analyst estimates of $781.79 million. Equity Residential had a return on equity of 8.57% and a net margin of 30.63%.Equity Residential’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous 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. Equities analysts anticipate that Equity Residential will post 4.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Equity Residential

Hedge funds have recently modified their holdings of the stock. Insigneo Advisory Services LLC lifted its holdings in shares of Equity Residential by 4.9% in the fourth quarter. Insigneo Advisory Services LLC now owns 3,543 shares of the real estate investment trust’s stock valued at $223,000 after purchasing an additional 165 shares in the last quarter. Cetera Investment Advisers grew its stake in Equity Residential by 0.3% during the 1st quarter. Cetera Investment Advisers now owns 61,177 shares of the real estate investment trust’s stock valued at $3,619,000 after acquiring an additional 171 shares in the last quarter. Rosenberg Matthew Hamilton lifted its position 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 in the last quarter. Leonteq Securities AG boosted its holdings in shares of Equity Residential by 48.8% during the first quarter. Leonteq Securities AG now owns 549 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 180 shares during the period. Finally, Summitry LLC grew its position in Equity Residential by 6.3% during the third quarter. Summitry LLC now owns 3,193 shares of the real estate investment trust’s stock valued at $207,000 after purchasing an additional 189 shares in the last quarter. 92.68% of the stock is owned by hedge funds and other institutional investors.

Equity Residential Company Profile

(Get Free Report)

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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