The Goldman Sachs Group Forecasts Strong Price Appreciation for Equity Residential (NYSE:EQR) Stock

Equity Residential (NYSE:EQR) had its price target lifted by research analysts at The Goldman Sachs Group from $63.00 to $69.00 in a research report issued to clients and investors on Friday,MarketScreener reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. The Goldman Sachs Group’s price target suggests a potential upside of 11.17% from the company’s current price.

A number of other equities analysts also recently issued reports on EQR. Truist Financial dropped their price objective on shares of Equity Residential from $75.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, November 17th. Evercore ISI dropped their price target on shares of Equity Residential from $70.00 to $68.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. Jefferies Financial Group cut their price objective on shares of Equity Residential from $68.00 to $65.00 and set a “hold” rating for the company in a research report on Tuesday, November 11th. Morgan Stanley decreased their target price on Equity Residential from $75.00 to $73.50 and set an “equal weight” rating on the stock in a report on Thursday, November 13th. Finally, BNP Paribas lowered Equity Residential from an “outperform” rating to a “hold” rating in a report on Monday, September 29th. Seven analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $69.95.

Equity Residential Stock Performance

EQR stock opened at $62.07 on Friday. The company has a market cap of $23.61 billion, a P/E ratio of 20.48, a price-to-earnings-growth ratio of 3.10 and a beta of 0.75. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.45 and a quick ratio of 0.45. Equity Residential has a 1 year low of $58.38 and a 1 year high of $75.86. The stock’s fifty day moving average price is $61.23 and its 200-day moving average price is $63.23.

Equity Residential (NYSE:EQR) last announced its earnings results on Tuesday, October 28th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.02. The business had revenue of $782.41 million for the quarter, compared to analysts’ expectations of $779.68 million. Equity Residential had a return on equity of 10.30% and a net margin of 37.58%.During the same period last year, the firm posted $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. On average, equities analysts forecast that Equity Residential will post 3.98 earnings per share for the current year.

Institutional Investors Weigh In On Equity Residential

A number of institutional investors and hedge funds have recently bought and sold shares of EQR. Collier Financial bought a new position in shares of Equity Residential in the third quarter worth about $26,000. Fulcrum Asset Management LLP purchased a new position in Equity Residential in the 3rd quarter worth approximately $27,000. CVA Family Office LLC boosted its stake in Equity Residential by 425.3% in the 2nd quarter. CVA Family Office LLC now owns 415 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 336 shares during the period. Rosenberg Matthew Hamilton grew its holdings in Equity Residential by 69.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 440 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 180 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Equity Residential during the third quarter valued at approximately $31,000. 92.68% of the stock is 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.