Equity Residential (NYSE:EQR – Get Rating)'s share price was up 1.4% during trading on Friday . The stock traded as high as $69.83 and last traded at $69.82. Approximately 12,690 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 1,282,363 shares. The stock had previously closed at $68.84.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on EQR shares. Mizuho lowered their price objective on Equity Residential from $79.00 to $77.00 and set a "buy" rating on the stock in a research report on Monday, September 19th. Evercore ISI lowered their price objective on Equity Residential from $85.00 to $81.00 and set an "outperform" rating on the stock in a research report on Monday, September 19th. Piper Sandler downgraded Equity Residential from a "neutral" rating to an "underweight" rating and decreased their target price for the stock from $78.00 to $70.00 in a research report on Wednesday, July 20th. Credit Suisse Group assumed coverage on Equity Residential in a research report on Wednesday, June 22nd. They issued an "outperform" rating and a $80.00 target price on the stock. Finally, Morgan Stanley boosted their target price on Equity Residential from $75.00 to $83.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 11th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $84.53.

Equity Residential Stock Performance

The company has a debt-to-equity ratio of 0.72, a current ratio of 0.24 and a quick ratio of 0.24. The business has a 50-day simple moving average of $75.16 and a 200-day simple moving average of $78.42. The firm has a market capitalization of $25.72 billion, a PE ratio of 20.54, a P/E/G ratio of 2.93 and a beta of 0.82.

Equity Residential Dividend Announcement

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of EQR. Norges Bank bought a new position in shares of Equity Residential during the fourth quarter valued at approximately $2,729,361,000. Bank of America Corp DE grew its stake in shares of Equity Residential by 18.8% during the first quarter. Bank of America Corp DE now owns 13,792,116 shares of the real estate investment trust's stock valued at $1,240,187,000 after buying an additional 2,181,925 shares during the last quarter. Blackstone Inc. grew its stake in shares of Equity Residential by 323.0% during the first quarter. Blackstone Inc. now owns 2,825,468 shares of the real estate investment trust's stock valued at $254,066,000 after buying an additional 2,157,468 shares during the last quarter. State Street Corp grew its stake in shares of Equity Residential by 7.6% during the fourth quarter. State Street Corp now owns 23,284,521 shares of the real estate investment trust's stock valued at $2,121,056,000 after buying an additional 1,650,178 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Equity Residential by 369.7% during the second quarter. Principal Financial Group Inc. now owns 2,025,015 shares of the real estate investment trust's stock valued at $146,246,000 after buying an additional 1,593,884 shares during the last quarter. Institutional investors own 83.92% of the company's stock.

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 the acquisition, development and management of residential properties located in and around dynamic cities that attract high quality long-term renters. Equity Residential owns or has investments in 305 properties consisting of 78,568 apartment units, located in Boston, New York, Washington, DC, Seattle, San Francisco, Southern California and Denver.

Featured Articles

• Get a free copy of the StockNews.com research report on Equity Residential (EQR)
• Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
• MarketBeat: Week in Review 9/19 – 9/23
• Why Does Tesla Stock Remain Resilient?
• Is Costco's Post-Earnings Price Weakness A Good Time To Buy?
• 2 Semiconductor Stocks To Watch For Reversals

Receive News & Ratings for Equity Residential Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity Residential and related companies with MarketBeat.com's FREE daily email newsletter.