Equity Residential (EQR) Stock Forecast & Price Target

$77.96 +0.86 (+1.12%)

(As of 01:34 PM ET)

Equity Residential - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 19 Analyst Ratings

Sell
0

Hold
11

Buy
8

Based on 19 Wall Street analysts who have issued ratings for Equity Residential in the last 12 months, the stock has a consensus rating of "Hold." Out of the 19 analysts, 11 have given a hold rating, and 8 have given a buy rating for EQR.

Consensus Price Target

$77.25
-0.91% Downside

According to the 19 analysts' twelve-month price targets for Equity Residential, the average price target is $77.25. The highest price target for EQR is $85.00, while the lowest price target for EQR is $64.00. The average price target represents a forecasted downside of -0.91% from the current price of $77.96.

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EQR Analyst Ratings Over Time

Type	Current Forecast 11/28/23 to 11/27/24	1 Month Ago 10/29/23 to 10/28/24	3 Months Ago 8/30/23 to 8/29/24	1 Year Ago 11/28/22 to 11/28/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	7 Buy rating(s)	6 Buy rating(s)	4 Buy rating(s)
Hold	11 Hold rating(s)	12 Hold rating(s)	11 Hold rating(s)	9 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$77.25	$75.97	$72.16	$65.68
Forecasted Upside	-0.91% Downside	1.26% Upside	-2.54% Downside	15.25% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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EQR Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

EQR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Equity Residential Stock vs. The Competition

Type	Equity Residential	Finance Companies	S&P 500
Consensus Rating Score	2.42	2.49	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	0.17% Upside	9.48% Upside	6.73% Upside
News Sentiment Rating	Positive News See Recent EQR News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/14/2024	Scotiabank 5 of 5 stars		Lower Target	Sector Perform ➝ Sector Perform	$81.00 ➝ $78.00	+5.63%
11/13/2024	Stifel Nicolaus 4 of 5 stars		Upgrade	Hold ➝ Buy	$77.75 ➝ $81.50	+11.55%
11/1/2024	Royal Bank of Canada 4 of 5 stars		Lower Target	Outperform ➝ Outperform	$83.00 ➝ $79.00	+14.10%
9/24/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$78.00 ➝ $82.00	+5.89%
9/16/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Sakwa Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	In-Line ➝ In-Line	$75.00 ➝ $76.00	-2.56%
9/16/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$68.00 ➝ $80.00	+2.15%
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9/11/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Flangos Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$83.00	+7.99%
9/10/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$62.00 ➝ $83.00	+10.52%
9/4/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Luthra Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Strong-Buy ➝ Neutral	$81.00	+7.06%
8/29/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$73.00 ➝ $77.00	+3.79%
8/26/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Feldman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Overweight ➝ Equal Weight	$69.00 ➝ $77.00	+4.58%
8/5/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$68.00 ➝ $75.00	+7.01%
7/31/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$80.00 ➝ $85.00	+22.18%
7/18/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$75.00 ➝ $82.00	+16.08%
5/30/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$61.00 ➝ $64.00	+0.99%
5/14/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$68.00 ➝ $70.00	+4.74%
4/22/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform	$68.00 ➝ $70.00	+13.75%
3/18/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Market Perform
2/20/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$69.00 ➝ $67.00	+11.61%
6/9/2023	3M Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Upgrade
2/15/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$68.00 ➝ $70.00	+6.17%
1/11/2023	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral
1/9/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral	$58.00	-2.29%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 01:51 PM ET.

Should I Buy Equity Residential Stock? EQR Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, November 25, 2024. Please send any questions or comments about these Equity Residential pros and cons to contact@marketbeat.com.

Equity Residential
Bull Case

Here are some ways that investors could benefit from investing in Equity Residential:

The stock is currently priced at $73.59, which is near its 50-day moving average of $74.32, indicating stability in its recent performance.
Equity Residential has a strong dividend yield of 3.67%, providing a consistent income stream for investors, which is attractive in a low-interest-rate environment.
The company has a significant market capitalization of $27.92 billion, suggesting it is a well-established player in the real estate investment trust (REIT) sector.
Recent institutional investments indicate confidence in the company's future, with hedge funds and other investors owning 92.68% of the stock, reflecting strong institutional support.
Equity Residential's focus on acquiring and managing residential properties in dynamic cities positions it well to attract affluent long-term renters, which can lead to stable revenue growth.

Equity Residential
Bear Case

Investors should be bearish about investing in Equity Residential for these reasons:

The dividend payout ratio is currently at 110.66%, which means the company is paying out more in dividends than it earns, raising concerns about sustainability.
The stock has a relatively high price-to-earnings (P/E) ratio of 30.16, which may indicate that it is overvalued compared to its earnings potential.
Equity Residential has a low current ratio of 0.13, suggesting potential liquidity issues, as it may struggle to cover short-term liabilities with its current assets.
The company has a debt-to-equity ratio of 0.76, indicating a reliance on debt financing, which can be risky in a rising interest rate environment.
Market volatility and economic uncertainties can impact the real estate sector, potentially affecting occupancy rates and rental income for Equity Residential.

EQR Forecast - Frequently Asked Questions

: According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for Equity Residential is $77.25, with a high forecast of $85.00 and a low forecast of $64.00.
: 19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Equity Residential in the last twelve months. There are currently 11 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" EQR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EQR, but not buy additional shares or sell existing shares.
: According to analysts, Equity Residential's stock has a predicted downside of -0.91% based on their 12-month stock forecasts.
: Over the previous 90 days, Equity Residential's stock had 2 upgrades and 1 downgrade by analysts.
: Equity Residential has been rated by research analysts at Bank of America, BNP Paribas, Deutsche Bank Aktiengesellschaft, Evercore ISI, JPMorgan Chase & Co., Royal Bank of Canada, Scotiabank, Stifel Nicolaus, The Goldman Sachs Group, and Truist Financial in the past 90 days.
: Analysts like Equity Residential less than other "finance" companies. The consensus rating score for Equity Residential is 2.42 while the average consensus rating score for "finance" companies is 2.49. Learn more on how EQR compares to other companies.

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This page (NYSE:EQR) was last updated on 11/27/2024 by MarketBeat.com Staff

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Equity Residential (EQR) Stock Forecast & Price Target