Equity Residential (NYSE:EQR) Upgraded at Jefferies Financial Group

Equity Residential (NYSE:EQR) was upgraded by stock analysts at Jefferies Financial Group to a “hold” rating in a report released on Friday,Zacks.com reports.

EQR has been the subject of a number of other research reports. Bank of America upgraded Equity Residential from a “neutral” rating to a “buy” rating and set a $76.00 price objective for the company in a report on Wednesday, May 27th. BMO Capital Markets lifted their target price on Equity Residential from $68.00 to $75.00 and gave the stock a “market perform” rating in a research report on Monday, June 8th. Wolfe Research upgraded Equity Residential from a “hold” rating to an “outperform” rating in a research report on Monday, June 1st. Argus set a $70.00 target price on shares of Equity Residential in a research note on Thursday, March 12th. Finally, Truist Financial upped their price target on shares of Equity Residential from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $70.65.

Equity Residential Stock Up 2.0%

Shares of NYSE:EQR opened at $68.48 on Friday. Equity Residential has a 1 year low of $57.57 and a 1 year high of $69.03. The business has a 50 day simple moving average of $65.47 and a two-hundred day simple moving average of $62.97. The firm has a market capitalization of $25.66 billion, a PE ratio of 27.39, a price-to-earnings-growth ratio of 5.33 and a beta of 0.75. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.18 and a quick ratio of 0.18.

Equity Residential (NYSE:EQR) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.24 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 business had revenue of $779.85 million for the quarter, compared to the consensus estimate of $781.79 million. During the same period in the prior year, the company posted $0.95 EPS. The company’s quarterly revenue 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. On average, equities analysts predict that Equity Residential will post 4.09 EPS for the current year.

Hedge Funds Weigh In On Equity Residential

Hedge funds and other institutional investors have recently modified their holdings of the business. Fulcrum Asset Management LLP purchased a new position in Equity Residential during the third quarter valued at approximately $27,000. Rosenberg Matthew Hamilton lifted its holdings in Equity Residential by 69.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 440 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 180 shares during the period. Zions Bancorporation National Association UT lifted its holdings in Equity Residential by 375.2% during the fourth quarter. Zions Bancorporation National Association UT now owns 480 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 379 shares during the period. DV Equities LLC purchased a new stake in Equity Residential during the fourth quarter worth $30,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in Equity Residential during the 3rd quarter valued at $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.