Stifel Nicolaus has raised its price target for Equity Residential (NYSE:EQR) from $80.00 to $80.50, indicating a potential upside of 28.41% from the previous close. Equity Residential reported earnings of $0.99 per share for the last quarter, meeting analyst expectations, with a revenue increase of 4.7% year-over-year. The stock has received mixed ratings from analysts, with eight holding a buy rating and eight rating it as hold, resulting in an overall average rating of 'Moderate Buy' and a target price of $78.43. Several brokerages have issued reports on EQR: Scotiabank reduced their target price from $82.00 to $78.00 and set a 'sector perform' rating; Royal Bank of Canada increased their price target from $75.00 to $76.00 and gave an 'outperform' rating; Mizuho decreased their price objective from $76.00 to $71.00 and set a 'neutral' rating; Barclays lifted their target price from $79.00 to $83.00 and gave an 'overweight' rating; and UBS Group cut their price objective from $84.00 to $76.00 and set a 'buy' rating. One analyst has rated the stock with a sell rating, seven have issued a hold rating, and eight have given a buy rating, resulting in an average rating of 'Hold' and a consensus target price of $78.43. Equity Residential traded down $0.70 to $63.19 during mid-day trading on Tuesday, with a trading volume of 1,337,577 shares compared to its average volume of 2,193,361. The stock's 50-day moving average is $67.13 and its 200-day moving average is $68.88. The fifty-two week low is $59.41 and the fifty-two week high is $78.83. The company has a market cap of $24.13 billion, a P/E ratio of 23.85, a PEG ratio of 3.29, and a beta of 0.92. The debt-to-equity ratio is 0.75, the current ratio is 0.17, and the quick ratio is 0.20. The company last released its earnings on August 4th, reporting $0.99 EPS, meeting estimates, with revenue of $768.83 million, up 4.7% year-over-year. The return on equity was 9.05% and the net margin was 33.22%. Analysts predict 3.98 EPS for the current year. The company recently announced a quarterly dividend of $0.6925, paid on July 11th to shareholders of record on June 24th, resulting in an annualized dividend of $2.77 and a yield of 4.4%. The dividend payout ratio is 104.53%. Institutional investors have recently bought shares: Rockefeller Capital Management L.P. acquired approximately $719,000 worth of shares; Kingsview Wealth Management LLC acquired approximately $204,000; Intech Investment Management LLC increased holdings by 103.1%; Cetera Investment Advisers lifted holdings by 0.4%; and SG Americas Securities LLC increased holdings by 243.3%. 92.68% of the stock is owned by institutional investors and hedge funds. Equity Residential is committed to creating communities where people thrive, focusing on the acquisition, development, and management of residential properties in dynamic cities such as Boston, New York, Washington, DC, Seattle, San Francisco, Southern California, Denver, and Atlanta. The company owns or has investments in 305 properties with 80,683 apartment units.

Equity Residential (NYSE:EQR) Given a $80.50 Price Target at Stifel Nicolaus

Stifel Nicolaus has increased its price target for Equity Residential (EQR) from $80.00 to $80.50, reflecting a 28.41% potential upside from the previous close. The company reported earnings of $0.99 per share for the latest quarter, meeting analyst expectations, with a 4.7% year-over-year revenue growth. EQR's market cap is $24.13 billion, with a P/E ratio of 23.85 and a dividend yield of 4.4%. Analyst ratings are mixed, with an average of 'Hold' and a consensus target price of $78.43. Several brokerages adjusted their targets and ratings, including Scotiabank, Royal Bank of Canada, Mizuho, Barclays, and UBS Group. The stock traded down to $63.19 during mid-day trading, with institutional investors increasing their holdings. Equity Residential owns or invests in 305 properties across major U.S. cities, focusing on residential property development and management.