Equity Residential (NYSE:EQR) receives a consensus rating of “Hold” from analysts.

Equity Residential (NYSE:EQR – Get Rating) has received an average rating of “hold” from the seventeen research firms covering the company, reports MarketBeat Ratings. Nine analysts have given the company a hold recommendation and two have given it a buy recommendation. The average 1-year target price set by analysts covering the stock in the last year is $87.89.

Several research companies have recently commented on EQF. Deutsche Bank Aktiengesellschaft has lowered its price target on Equity Residential to $93.00 from $94.00 and gave the stock a hold rating in a report dated Thursday, March 24. StockNews.com began reporting on Equity Residential on Thursday, March 31st. You give the stock a “hold” rating. TheStreet downgraded Equity Residential from a “b” rating to a “c+” rating in a report on Friday 6 May. Piper Sandler lowered his price target on Equity Residential to $85.00 from $97.00 in a report on Wednesday, May 4th. Finally, in a report Wednesday, May 25, Morgan Stanley lowered its price target on Equity Residential to $78.50 from $86.50 and gave the stock an “equal weight” rating.

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Shares of EQR stock opened at $70.39 on Tuesday. The stock’s 50-day moving average price is $78.82 and its 200-day moving average price is $85.09. The company has a market cap of $26.47 billion, a P/E of 19.66, a P/E of 3.10, and a beta of 0.82. Equity Residential has a 52-week low of $67.48 and a 52-week high of $94.32. The company has a debt to equity ratio of 0.74, a quick ratio of 0.19 and a current ratio of 0.19.

Equity Residential (NYSE:EQR – Get Rating) last reported its earnings results on Tuesday, April 26th. The Real Estate Investment Trust reported earnings per share of $0.19 for the quarter, missing analyst consensus estimates of $0.80 ($0.61). Equity Residential had a net margin of 53.42% and a return on equity of 12.35%. For the same period last year, the company posted earnings per share of $0.68. On average, equity analysts are forecasting that Equity Residential will report earnings per share of 3.45 for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 8th. Shareholders of record on Monday, June 27 will receive a dividend of $0.625. That equates to an annualized dividend of $2.50 and a dividend yield of 3.55%. The ex-dividend date is Friday June 24th. Equity Residential’s payout ratio (DPR) is currently 69.83%.

Several hedge funds have recently bought and sold shares in EQR. LPL Financial LLC increased its position in Equity Residential by 5.7% in the third quarter. LPL Financial LLC now owns 43,757 shares of the Real Estate Investment Trust worth $3,541,000 after purchasing an additional 2,350 shares last quarter. United Capital Financial Advisers LLC increased its stake in Equity Residential by 1.6% in the third quarter. United Capital Financial Advisers LLC now owns 20,587 shares of the Real Estate Investment Trust worth $1,666,000 after purchasing an additional 320 shares last quarter. Corient Capital Partners LLC acquired a new position in Equity Residential valued at approximately $251,000 during the third quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Equity Residential valued at approximately $78,000 during the third quarter. Finally, Cetera Advisors LLC increased its stake in Equity Residential by 15.5% during the third quarter. Cetera Advisors LLC now owns 27,873 shares of the Real Estate Investment Trust worth $2,255,000 after purchasing an additional 3,745 shares last quarter. 91.43% of the shares are owned by hedge funds and other institutional investors.

About Equity Residential (get rating)

Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, is focused on acquiring, developing and managing residential properties in and around dynamic cities that attract high-quality long-term renters. Equity Residential owns or invests in 305 properties containing 78,568 units in Boston, New York, Washington, DC, Seattle, San Francisco, Southern California and Denver.

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Analyst Recommendations for Equity Residential (NYSE:EQR)

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