Equity Residential (EQR)
NYSE: EQR · IEX Real-Time Price · USD
66.48
-0.65 (-0.97%)
May 20, 2024, 3:48 PM EDT - Market open
Equity Residential Stock Forecast
Stock Price Forecast
The 16 analysts with 12-month price forecasts for Equity Residential stock have an average target of 67.84, with a low estimate of 58 and a high estimate of 75. The average target predicts an increase of 2.05% from the current stock price of 66.48.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for EQR stock from 17 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 2 | 2 | 2 | 3 |
| Buy | 2 | 2 | 2 | 2 | 4 | 3 |
| Hold | 11 | 11 | 9 | 10 | 9 | 11 |
| Sell | 1 | 1 | 1 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 15 | 15 | 14 | 14 | 15 | 17 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Scotiabank | Scotiabank | Hold Maintains $65 → $72 | Hold | Maintains | $65 → $72 | +8.30% | May 14, 2024 |
| Morgan Stanley | Morgan Stanley | Hold Maintains $68 → $70 | Hold | Maintains | $68 → $70 | +5.29% | May 14, 2024 |
| UBS | UBS | Strong Buy Maintains $73 → $75 | Strong Buy | Maintains | $73 → $75 | +12.82% | May 14, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy → Hold Downgrades $70 | Buy → Hold | Downgrades | $70 | +5.29% | May 13, 2024 |
| Wedbush | Wedbush | Hold Reiterates $68 | Hold | Reiterates | $68 | +2.29% | Apr 29, 2024 |
Financial Forecast
Revenue This Year
2.98B
from 2.87B
Increased by 3.65%
Revenue Next Year
3.08B
from 2.98B
Increased by 3.49%
EPS This Year
1.53
from 2.20
Decreased by -30.26%
EPS Next Year
1.64
from 1.53
Increased by 7.10%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.1B | 3.3B | 3.5B | 3.5B | 3.7B |
| Avg | 3.0B | 3.1B | 3.2B | 3.3B | 3.4B |
| Low | 2.8B | 2.9B | 3.0B | 3.2B | 3.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 9.0% | 12.1% | 14.4% | 8.8% | 10.4% |
| Avg | 3.7% | 3.5% | 4.5% | 2.8% | 3.4% |
| Low | -1.7% | -2.7% | -3.5% | -2.1% | -2.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.94 | 1.88 | 2.19 | 1.89 | 2.03 |
| Avg | 1.53 | 1.64 | 1.80 | 1.82 | 1.95 |
| Low | 1.38 | 1.42 | 1.44 | 1.76 | 1.89 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -11.7% | 22.5% | 33.5% | 5.0% | 11.5% |
| Avg | -30.3% | 7.1% | 9.6% | 1.0% | 7.2% |
| Low | -37.2% | -7.4% | -12.3% | -2.0% | 4.0% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.