Equity Residential (EQR) Stock Forecast, Price Target & Predictions
EQR Stock Forecast
Equity Residential stock forecast is as follows: an average price target of $82.36 (represents a 17.29% upside from EQR’s last price of $70.22) and a rating consensus of 'Buy', based on 16 wall street analysts offering a 1-year stock forecast.
EQR Price Target
The average price target for Equity Residential (EQR) is $82.36 based on 1-year price targets from 16 Wall Street analysts in the past 3 months, with a price target range of $104.00 to $69.00. This represents a potential 17.29% upside from EQR's last price of $70.22.
EQR Analyst Ratings
According to 16 Wall Street analysts, Equity Residential's rating consensus is 'Buy'. The analyst rating breakdown for EQR stock is 0 'Strong Buy' (0.00%), 10 'Buy' (62.50%), 6 'Hold' (37.50%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Equity Residential Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 24, 2024 | Jeffrey Spector | Bank of America Securities | $82.00 | $77.44 | 5.89% | 16.78% |
| Sep 16, 2024 | Nicholas Yulico | Scotiabank | $81.00 | $78.08 | 3.74% | 15.35% |
| Sep 10, 2024 | Omotayo Okusanya | Deutsche Bank | $83.00 | $75.10 | 10.52% | 18.20% |
| Sep 04, 2024 | Kenneth Leon | CFRA | $85.00 | $75.48 | 12.61% | 21.05% |
| Sep 04, 2024 | Julien Blouin | Goldman Sachs | $81.00 | $75.66 | 7.06% | 15.35% |
| Aug 28, 2024 | Steve Sakwa | Evercore ISI | $74.00 | $73.44 | 0.76% | 5.38% |
| Aug 26, 2024 | James Feldman | Wells Fargo | $77.00 | $73.63 | 4.58% | 9.66% |
| Aug 07, 2024 | Nicholas Yulico | Scotiabank | $73.00 | $71.41 | 2.23% | 3.96% |
| Jul 31, 2024 | Alexander Goldfarb | Piper Sandler | $85.00 | $69.57 | 22.18% | 21.05% |
| Jun 28, 2024 | Alexander Goldfarb | Piper Sandler | $80.00 | $68.31 | 17.11% | 13.93% |
The latest Equity Residential stock forecast, released on Sep 24, 2024 by Jeffrey Spector from Bank of America Securities, set a price target of $82.00, which represents a 5.89% increase from the stock price at the time of the forecast ($77.44), and a 16.78% increase from EQR last price ($70.22).
Equity Residential Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 8 | 16 |
| Avg Price Target | - | $79.50 | $76.81 |
| Last Closing Price | $70.22 | $70.22 | $70.22 |
| Upside/Downside | -100.00% | 13.22% | 9.38% |
In the current month, the average price target of Equity Residential stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Equity Residential's last price of $70.22. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 01, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Sep 24, 2024 | Bank of America Securities | - | Neutral | Downgrade |
| Sep 16, 2024 | Evercore ISI | Positive | Positive | Hold |
| Sep 16, 2024 | Scotiabank | Sector Perform | Sector Perform | Hold |
| Sep 11, 2024 | Exane BNP Paribas | - | Outperform | Initialise |
| Sep 10, 2024 | Deutsche Bank | Buy | Positive | Upgrade |
| Sep 10, 2024 | Deutsche Bank | - | Buy | Upgrade |
| Sep 05, 2024 | Zelman | - | Outperform | Initialise |
| Sep 04, 2024 | CFRA | Buy | Buy | Hold |
| Sep 04, 2024 | Goldman Sachs | - | Neutral | Initialise |
Equity Residential's last stock rating was published by RBC Capital on Oct 01, 2024. The company gave EQR a "Outperform" rating, the same as its previous rate.
Equity Residential Financial Forecast
Equity Residential Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $727.50M | $724.07M | $717.31M | $705.09M | $699.70M | $695.10M | $687.03M | $653.35M | $645.13M | $623.21M | $598.06M | $597.60M | $613.43M | $622.43M | $653.53M | $682.33M | $683.92M | $685.14M |
| Avg Forecast | $805.10M | $801.10M | $787.30M | $775.70M | $777.19M | $773.49M | $764.67M | $756.88M | $749.72M | $744.03M | $735.26M | $728.09M | $725.07M | $727.18M | $715.19M | $701.48M | $703.56M | $696.68M | $673.58M | $657.22M | $633.48M | $606.36M | $591.21M | $593.44M | $610.45M | $641.07M | $661.82M | $686.16M | $685.62M | $678.19M |
| High Forecast | $829.00M | $824.88M | $810.67M | $798.73M | $800.25M | $796.45M | $787.37M | $780.13M | $772.46M | $745.15M | $735.26M | $728.09M | $728.51M | $734.06M | $736.42M | $722.30M | $724.44M | $696.68M | $673.58M | $657.22M | $633.48M | $606.36M | $591.21M | $593.44M | $610.45M | $641.07M | $661.82M | $686.16M | $685.62M | $678.19M |
| Low Forecast | $790.85M | $786.92M | $773.36M | $761.97M | $763.43M | $759.80M | $751.13M | $743.75M | $740.23M | $742.91M | $735.26M | $728.09M | $721.24M | $720.73M | $702.53M | $689.06M | $691.10M | $696.68M | $673.58M | $657.22M | $633.48M | $606.36M | $591.21M | $593.44M | $610.45M | $641.07M | $661.82M | $686.16M | $685.62M | $678.19M |
| # Analysts | 7 | 4 | 4 | 7 | 5 | 3 | 3 | 9 | 12 | 6 | 8 | 5 | 9 | 12 | 10 | 10 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 9 | 4 | 5 | 4 | 4 | 3 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.00% | 1.00% | 1.01% | 0.99% | 1.00% | 1.02% | 0.99% | 1.02% | 1.03% | 1.01% | 1.01% | 1.00% | 0.97% | 0.99% | 0.99% | 1.00% | 1.01% |
Equity Residential's average Quarter revenue forecast for Mar 24 based on 5 analysts is $728.09M, with a low forecast of $728.09M, and a high forecast of $728.09M. EQR's average Quarter revenue forecast represents a 0.08% increase compared to the company's last Quarter revenue of $727.50M (Dec 23).
Equity Residential EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 4 | 4 | 7 | 5 | 3 | 3 | 9 | 12 | 6 | 8 | 5 | 9 | 12 | 10 | 10 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 9 | 4 | 5 | 4 | 4 | 3 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $392.50M | $252.03M | $433.45M | $403.77M | $449.88M | $426.33M | $421.94M | $378.20M | $822.17M | $718.86M | $588.62M | $327.97M | $574.64M | $375.90M | $551.80M | $609.66M | $603.70M | $567.78M |
| Avg Forecast | $496.92M | $494.45M | $485.93M | $478.77M | $479.69M | $477.41M | $471.97M | $467.16M | $462.74M | $459.23M | $453.81M | $550.98M | $447.53M | $448.83M | $441.43M | $500.89M | $434.25M | $430.00M | $415.75M | $455.36M | $391.00M | $374.25M | $364.91M | $450.96M | $376.78M | $395.68M | $408.49M | $345.47M | $423.18M | $418.59M |
| High Forecast | $511.67M | $509.13M | $500.36M | $492.99M | $493.93M | $491.58M | $485.98M | $481.51M | $476.77M | $459.92M | $453.81M | $661.18M | $449.65M | $453.08M | $454.53M | $601.07M | $447.14M | $430.00M | $415.75M | $546.43M | $391.00M | $374.25M | $364.91M | $541.16M | $376.78M | $395.68M | $408.49M | $414.57M | $423.18M | $418.59M |
| Low Forecast | $488.12M | $485.70M | $477.33M | $470.30M | $471.20M | $468.96M | $463.61M | $459.06M | $456.88M | $458.54M | $453.81M | $440.78M | $445.16M | $444.85M | $433.61M | $400.71M | $426.56M | $430.00M | $415.75M | $364.28M | $391.00M | $374.25M | $364.91M | $360.77M | $376.78M | $395.68M | $408.49M | $276.38M | $423.18M | $418.59M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.88% | 0.56% | 0.98% | 0.81% | 1.04% | 0.99% | 1.01% | 0.83% | 2.10% | 1.92% | 1.61% | 0.73% | 1.53% | 0.95% | 1.35% | 1.76% | 1.43% | 1.36% |
5 analysts predict EQR's average Quarter EBITDA for Mar 24 to be $550.98M, with a high of $661.18M and a low of $440.78M. This is 40.38% upper than Equity Residential's previous annual EBITDA (Dec 23) of $392.50M.
Equity Residential Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 4 | 4 | 7 | 5 | 3 | 3 | 9 | 12 | 6 | 8 | 5 | 9 | 12 | 10 | 10 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 9 | 4 | 5 | 4 | 4 | 3 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $311.69M | $172.51M | $139.20M | $212.03M | $159.02M | $323.02M | $224.10M | $70.77M | $561.35M | $431.95M | $316.39M | $57.54M | $252.86M | $91.29M | $260.89M | $308.61M | $289.76M | $267.11M |
| Avg Forecast | $203.03M | $192.33M | $180.04M | $160.11M | $176.08M | $164.16M | $157.97M | $141.95M | $169.73M | $161.01M | $149.64M | $103.46M | $168.17M | $184.99M | $146.44M | $94.06M | $727.96M | $134.26M | $113.78M | $85.51M | $102.08M | $87.43M | $72.25M | $79.12M | $97.41M | $116.17M | $112.77M | $174.88M | $150.36M | $144.93M |
| High Forecast | $210.87M | $199.76M | $186.99M | $166.28M | $182.87M | $170.50M | $164.06M | $147.93M | $173.13M | $162.72M | $149.70M | $124.16M | $171.54M | $198.86M | $152.09M | $112.87M | $873.55M | $134.26M | $113.78M | $102.61M | $102.08M | $87.43M | $72.25M | $94.94M | $97.41M | $116.17M | $112.77M | $209.85M | $150.36M | $144.93M |
| Low Forecast | $198.36M | $187.91M | $175.90M | $156.42M | $172.02M | $160.38M | $154.33M | $135.98M | $164.64M | $159.30M | $149.58M | $82.77M | $166.49M | $175.74M | $143.07M | $75.25M | $582.37M | $134.26M | $113.78M | $68.41M | $102.08M | $87.43M | $72.25M | $63.29M | $97.41M | $116.17M | $112.77M | $139.90M | $150.36M | $144.93M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.85% | 0.93% | 0.95% | 2.25% | 0.22% | 2.41% | 1.97% | 0.83% | 5.50% | 4.94% | 4.38% | 0.73% | 2.60% | 0.79% | 2.31% | 1.76% | 1.93% | 1.84% |
Equity Residential's average Quarter net income forecast for Mar 24 is $103.46M, with a range of $82.77M to $124.16M. EQR's average Quarter net income forecast represents a -66.81% decrease compared to the company's last Quarter net income of $311.69M (Dec 23).
Equity Residential SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 4 | 4 | 7 | 5 | 3 | 3 | 9 | 12 | 6 | 8 | 5 | 9 | 12 | 10 | 10 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 9 | 4 | 5 | 4 | 4 | 3 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $11.58M | $14.09M | $18.88M | $16.16M | $11.68M | $13.37M | $16.42M | $17.24M | $13.40M | $13.04M | $14.68M | $15.38M | $11.09M | $10.86M | $11.84M | $14.52M | $11.63M | $11.42M |
| Avg Forecast | $16.77M | $16.68M | $16.40M | $16.15M | $16.18M | $16.11M | $15.92M | $15.76M | $15.61M | $15.49M | $15.31M | $25.20M | $15.10M | $15.14M | $14.89M | $22.91M | $18.52M | $14.51M | $14.03M | $20.83M | $13.19M | $12.63M | $12.31M | $21.15M | $12.71M | $13.35M | $13.78M | $8.23M | $14.28M | $14.12M |
| High Forecast | $17.26M | $17.18M | $16.88M | $16.63M | $16.66M | $16.59M | $16.40M | $16.25M | $16.09M | $15.52M | $15.31M | $30.24M | $15.17M | $15.29M | $15.34M | $27.49M | $22.22M | $14.51M | $14.03M | $25.00M | $13.19M | $12.63M | $12.31M | $25.38M | $12.71M | $13.35M | $13.78M | $9.87M | $14.28M | $14.12M |
| Low Forecast | $16.47M | $16.39M | $16.10M | $15.87M | $15.90M | $15.82M | $15.64M | $15.49M | $15.42M | $15.47M | $15.31M | $20.16M | $15.02M | $15.01M | $14.63M | $18.33M | $14.81M | $14.51M | $14.03M | $16.66M | $13.19M | $12.63M | $12.31M | $16.92M | $12.71M | $13.35M | $13.78M | $6.58M | $14.28M | $14.12M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.77% | 0.93% | 1.27% | 0.71% | 0.63% | 0.92% | 1.17% | 0.83% | 1.02% | 1.03% | 1.19% | 0.73% | 0.87% | 0.81% | 0.86% | 1.76% | 0.81% | 0.81% |
Equity Residential's average Quarter SG&A projection for Mar 24 is $25.20M, based on 5 Wall Street analysts, with a range of $20.16M to $30.24M. The forecast indicates a 117.63% rise compared to EQR last annual SG&A of $11.58M (Dec 23).
Equity Residential EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 4 | 4 | 7 | 5 | 3 | 3 | 9 | 12 | 6 | 8 | 5 | 9 | 12 | 10 | 10 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 9 | 4 | 5 | 4 | 4 | 3 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.82 | $0.46 | $0.37 | $0.56 | $0.42 | $0.86 | $0.59 | $0.19 | $1.50 | $1.15 | $0.85 | $0.15 | $0.68 | $0.25 | $0.70 | $0.83 | $0.78 | $0.72 |
| Avg Forecast | $0.52 | $0.49 | $0.46 | $0.41 | $0.45 | $0.42 | $0.40 | $0.36 | $0.43 | $0.41 | $0.38 | $0.33 | $0.43 | $0.47 | $0.37 | $0.32 | $0.38 | $0.34 | $0.29 | $0.25 | $0.26 | $0.22 | $0.18 | $0.16 | $0.25 | $0.30 | $0.29 | $0.33 | $0.39 | $0.37 |
| High Forecast | $0.54 | $0.51 | $0.48 | $0.43 | $0.47 | $0.44 | $0.42 | $0.38 | $0.44 | $0.42 | $0.38 | $0.33 | $0.44 | $0.51 | $0.39 | $0.33 | $0.39 | $0.34 | $0.29 | $0.25 | $0.26 | $0.22 | $0.18 | $0.16 | $0.25 | $0.30 | $0.29 | $0.33 | $0.39 | $0.37 |
| Low Forecast | $0.51 | $0.48 | $0.45 | $0.40 | $0.44 | $0.41 | $0.39 | $0.35 | $0.42 | $0.41 | $0.38 | $0.33 | $0.43 | $0.45 | $0.37 | $0.31 | $0.37 | $0.34 | $0.29 | $0.25 | $0.26 | $0.22 | $0.18 | $0.16 | $0.25 | $0.30 | $0.29 | $0.33 | $0.39 | $0.37 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.91% | 0.97% | 0.99% | 1.75% | 1.11% | 2.50% | 2.03% | 0.77% | 5.74% | 5.14% | 4.59% | 0.95% | 2.73% | 0.84% | 2.42% | 2.49% | 2.03% | 1.94% |
According to 5 Wall Street analysts, Equity Residential's projected average Quarter EPS for Mar 24 is $0.33, with a low estimate of $0.33 and a high estimate of $0.33. This represents a -59.42% decrease compared to EQR previous annual EPS of $0.82 (Dec 23).
Equity Residential Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| MAA | Mid-America Apartment Communities | $152.18 | $187.90 | 23.47% | Hold |
| EQR | Equity Residential | $70.22 | $82.36 | 17.29% | Buy |
| UDR | UDR | $42.07 | $46.21 | 9.84% | Buy |
| CPT | Camden Property Trust | $115.91 | $126.91 | 9.49% | Hold |
| NXRT | NexPoint Residential Trust | $41.19 | $44.67 | 8.45% | Buy |
| AVB | AvalonBay Communities | $218.50 | $235.00 | 7.55% | Buy |
| ESS | Essex Property Trust | $280.61 | $298.00 | 6.20% | Buy |
EQR Forecast FAQ
Is Equity Residential a good buy?
Yes, according to 16 Wall Street analysts, Equity Residential (EQR) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 10 'Buy' recommendations, accounting for 62.50% of EQR's total ratings.
What is EQR's price target?
Equity Residential (EQR) average price target is $82.36 with a range of $69 to $104, implying a 17.29% from its last price of $70.22. The data is based on 16 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Equity Residential stock go up soon?
According to Wall Street analysts' prediction for EQR stock, the company can go up by 17.29% (from the last price of $70.22 to the average price target of $82.36), up by 48.11% based on the highest stock price target, and down by -1.74% based on the lowest stock price target.
Can Equity Residential stock reach $110?
EQR's average twelve months analyst stock price target of $82.36 does not support the claim that Equity Residential can reach $110 in the near future.
What are Equity Residential's analysts' financial forecasts?
Equity Residential's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $3.07B (high $3.16B, low $3.02B), average EBITDA is $1.9B (high $1.95B, low $1.86B), average net income is $640.16M (high $665.36M, low $622.71M), average SG&A $63.98M (high $65.89M, low $62.85M), and average EPS is $1.64 (high $1.7, low $1.59). EQR's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $3.17B (high $3.26B, low $3.11B), average EBITDA is $1.96B (high $2.01B, low $1.92B), average net income is $735.51M (high $763.9M, low $718.59M), average SG&A $66M (high $67.96M, low $64.83M), and average EPS is $1.88 (high $1.95, low $1.84).
Did the EQR's actual financial results beat the analysts' financial forecasts?
Based on Equity Residential's last annual report (Dec 2023), the company's revenue was $2.87B, beating the average analysts forecast of $2.87B by 0.18%. Apple's EBITDA was $1.16B, missing the average prediction of $1.84B by -36.88%. The company's net income was $835.44M, beating the average estimation of $593.66M by 40.73%. Apple's SG&A was $60.72M, missing the average forecast of $68.05M by -10.77%. Lastly, the company's EPS was $2.21, beating the average prediction of $1.6 by 38.34%. In terms of the last quarterly report (Dec 2023), Equity Residential's revenue was $727.5M, beating the average analysts' forecast of $725.07M by 0.33%. The company's EBITDA was $392.5M, missing the average prediction of $447.53M by -12.30%. Equity Residential's net income was $311.69M, beating the average estimation of $168.17M by 85.34%. The company's SG&A was $11.58M, missing the average forecast of $15.1M by -23.30%. Lastly, the company's EPS was $0.82, beating the average prediction of $0.43 by 90.66%