Equity Residential (EQR) Stock Forecast & Price Target

$73.88

-0.58 (-0.78%)

(As of 10/1/2024 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
12

Buy
7

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, 12 have given a hold rating, and 7 have given a buy rating for EQR.

Consensus Price Target

$75.97
2.83% Upside

According to the 19 analysts' twelve-month price targets for Equity Residential, the average price target is $75.97. The highest price target for EQR is $85.00, while the lowest price target for EQR is $59.50. The average price target represents a forecasted upside of 2.83% from the current price of $73.88.

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EQR Analyst Ratings Over Time

Type	Current Forecast 10/3/23 to 10/2/24	1 Month Ago 9/3/23 to 9/2/24	3 Months Ago 7/5/23 to 7/4/24	1 Year Ago 10/3/22 to 10/3/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	6 Buy rating(s)	7 Buy rating(s)	5 Buy rating(s)
Hold	12 Hold rating(s)	11 Hold rating(s)	10 Hold rating(s)	12 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$75.97	$72.16	$69.09	$69.17
Forecasted Upside	2.83% Upside	-3.64% Downside	2.38% Upside	20.94% 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	2.37	2.46	2.50
Consensus Rating	Hold	Hold	Hold
Predicted Upside	2.83% Upside	15.51% Upside	6.86% 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

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/24/2024	Bank of America 4 of 5 stars		Downgrade	Buy ➝ Neutral	$78.00 ➝ $82.00	+5.89%
9/16/2024	Scotiabank 5 of 5 stars		Boost Target	Sector Perform ➝ Sector Perform	$77.00 ➝ $81.00	+3.70%
9/16/2024	Evercore ISI 2 of 5 stars	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%
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%
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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	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$74.00 ➝ $75.00	+7.54%
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%
11/17/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$60.00 ➝ $59.50	+7.83%
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%
11/17/2022	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$72.00	+16.98%
10/19/2022	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	$72.00 ➝ $64.00	-1.55%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 04:17 AM 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 Saturday, September 21, 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:

Equity Residential has a strong net margin of 32.83%, indicating efficient cost management and profitability.
The company offers a dividend yield of 3.50%, providing investors with a steady income stream.
Equity Residential has seen positive revenue growth, with a 2.4% increase compared to the same quarter last year.
Analysts have raised price targets and ratings for Equity Residential, signaling confidence in the company's performance.
Institutional investors and hedge funds have shown significant interest in Equity Residential, indicating strong market support.

Equity Residential
Bear Case

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

Equity Residential missed the consensus EPS estimate by a significant margin in the latest quarter, potentially indicating challenges in earnings growth.
The dividend payout ratio of 112.03% suggests that the company may be paying out more in dividends than it is earning, which could be unsustainable in the long term.
The stock price of Equity Residential has fluctuated between a 1-year low of $52.57 and a 1-year high of $76.75, indicating volatility in the market.
Insider selling activity, such as the CFO selling shares, may raise concerns about internal confidence in the company's future performance.
While the company has received positive analyst ratings, there are still hold ratings, indicating some uncertainty in the market about Equity Residential's outlook.

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 $75.97, with a high forecast of $85.00 and a low forecast of $59.50.
: 19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Equity Residential in the last year. There are currently 12 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street 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 upside of 2.83% based on their 12-month stock forecasts.
: Over the previous 90 days, Equity Residential's stock had 2 downgrades and 1 upgrade by analysts.
: Equity Residential has been rated by research analysts at Bank of America, BNP Paribas, Deutsche Bank Aktiengesellschaft, Evercore ISI, JPMorgan Chase & Co., Piper Sandler, Royal Bank of Canada, Scotiabank, The Goldman Sachs Group, Truist Financial, UBS Group, Wedbush, and Wells Fargo & Company in the past 90 days.
: Analysts like Equity Residential less than other "finance" companies. The consensus rating score for Equity Residential is 2.37 while the average consensus rating score for "finance" companies is 2.46. Learn more on how EQR compares to other companies.

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This page (NYSE:EQR) was last updated on 10/2/2024 by MarketBeat.com Staff

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