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Equity Residential (EQR) Stock Forecast, Price Target & Predictions

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EQR Stock Forecast

Equity Residential stock forecast is as follows: an average price target of $82.03 (represents a 10.97% upside from EQR’s last price of $73.92) 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 $82.03 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 10.97% upside from EQR's last price of $73.92.

EQR Analyst Ratings

Buy

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

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 13, 2024Simon YarmakStifel Nicolaus$81.50$71.3514.23%10.25%
Oct 31, 2024Kenneth LeonCFRA$81.00$70.3715.11%9.58%
Sep 24, 2024Jeffrey SpectorBank of America Securities$82.00$77.445.89%10.93%
Sep 16, 2024Nicholas YulicoScotiabank$81.00$78.083.74%9.58%
Sep 10, 2024Omotayo OkusanyaDeutsche Bank$83.00$75.1010.52%12.28%
Sep 04, 2024Kenneth LeonCFRA$85.00$75.4812.61%14.99%
Sep 04, 2024Julien BlouinGoldman Sachs$81.00$75.667.06%9.58%
Aug 28, 2024Steve SakwaEvercore ISI$74.00$73.440.76%0.11%
Aug 26, 2024James FeldmanWells Fargo$77.00$73.634.58%4.17%
Aug 07, 2024Nicholas YulicoScotiabank$73.00$71.412.23%-1.24%
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The latest Equity Residential stock forecast, released on Nov 13, 2024 by Simon Yarmak from Stifel Nicolaus, set a price target of $81.50, which represents a 14.23% increase from the stock price at the time of the forecast ($71.35), and a 10.25% increase from EQR last price ($73.92).

Equity Residential Price Target by Period

1M3M12M
# Anlaysts2918
Avg Price Target$81.25$80.61$77.31
Last Closing Price$73.92$73.92$73.92
Upside/Downside9.92%9.05%4.59%

In the current month, the average price target of Equity Residential stock is $81.25, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 9.92% increase as opposed to Equity Residential's last price of $73.92. This month's average price target is up 0.79% compared to last quarter, and up 5.10% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 01, 2024RBC CapitalOutperformOutperformHold
Sep 24, 2024Bank of America Securities-NeutralDowngrade
Sep 16, 2024Evercore ISIPositivePositiveHold
Sep 16, 2024ScotiabankSector PerformSector PerformHold
Sep 11, 2024Exane BNP Paribas-OutperformInitialise
Sep 10, 2024Deutsche BankBuyPositiveUpgrade
Sep 10, 2024Deutsche Bank-BuyUpgrade
Sep 05, 2024Zelman-OutperformInitialise
Sep 04, 2024CFRABuyBuyHold
Sep 04, 2024Goldman Sachs-NeutralInitialise
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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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 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$829.40M$825.20M$811.00M$799.10M$779.52M$776.33M$767.81M$760.37M$753.62M$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$850.79M$846.48M$831.92M$819.71M$799.62M$796.36M$787.62M$780.36M$773.18M$745.15M$735.26M$728.09M$728.51M$734.06M$733.63M$719.57M$721.70M$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$815.98M$811.85M$797.88M$786.17M$766.90M$763.77M$755.39M$749.05M$743.01M$742.91M$735.26M$728.09M$721.24M$720.73M$703.61M$690.13M$692.17M$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
# Analysts999988810137749129955556666945443
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 4 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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts999988810137749129955556666945443
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$614.64M$611.53M$601.00M$592.19M$577.67M$575.31M$569.00M$563.48M$558.48M$551.37M$544.87M$550.98M$537.33M$538.89M$530.00M$500.89M$521.38M$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$630.49M$627.30M$616.50M$607.46M$592.57M$590.15M$583.67M$578.30M$572.98M$552.20M$544.87M$661.18M$539.88M$543.99M$543.67M$601.07M$534.83M$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$604.69M$601.63M$591.28M$582.60M$568.32M$566.00M$559.79M$555.10M$550.62M$550.55M$544.87M$440.78M$534.48M$534.11M$521.42M$400.71M$512.94M$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 %------------0.73%0.47%0.82%0.81%0.86%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%

4 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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts999988810137749129955556666945443
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$201.82M$191.40M$179.32M$159.04M$175.14M$163.56M$156.74M$140.90M$164.85M$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$208.58M$197.81M$185.33M$164.38M$181.01M$169.04M$162.00M$146.83M$168.15M$162.72M$149.70M$124.16M$171.54M$198.86M$151.35M$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$197.57M$187.37M$175.55M$155.69M$171.46M$160.12M$153.45M$134.97M$159.91M$159.30M$149.58M$82.77M$166.49M$175.74M$143.36M$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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts999988810137749129955556666945443
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$17.22M$17.14M$16.84M$16.60M$16.19M$16.12M$15.95M$15.79M$15.65M$15.45M$15.27M$25.20M$15.06M$15.10M$14.85M$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$17.67M$17.58M$17.28M$17.02M$16.61M$16.54M$16.36M$16.21M$16.06M$15.48M$15.27M$30.24M$15.13M$15.24M$15.24M$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$16.95M$16.86M$16.57M$16.33M$15.93M$15.86M$15.69M$15.56M$15.43M$15.43M$15.27M$20.16M$14.98M$14.97M$14.61M$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 4 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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts999988810137749129955556666945443
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$0.42$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$0.53$0.51$0.47$0.42$0.46$0.43$0.41$0.38$0.43$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$0.41$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 4 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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
MAAMid-America Apartment Communities$157.74$187.9019.12%Hold
EQREquity Residential$73.92$82.0310.97%Buy
CPTCamden Property Trust$120.56$126.564.98%Hold
UDRUDR$44.34$46.214.22%Buy
AVBAvalonBay Communities$228.14$235.003.01%Buy
ESSEssex Property Trust$300.59$298.00-0.86%Buy
NXRTNexPoint Residential Trust$45.77$44.67-2.40%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 $82.03 with a range of $69 to $104, implying a 10.97% from its last price of $73.92. 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 10.97% (from the last price of $73.92 to the average price target of $82.03), up by 40.69% based on the highest stock price target, and down by -6.66% based on the lowest stock price target.

Can Equity Residential stock reach $110?

EQR's average twelve months analyst stock price target of $82.03 does not support the claim that Equity Residential can reach $110 in the near future.

What is Equity Residential's current price target trend?

2 Wall Street analysts forecast a $81.25 price target for Equity Residential (EQR) this month, up 9.92% from its last price of $73.92. Compared to the last 3 and 12 months, the average price target increased by 9.05% and increased by 4.59%, respectively.

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 $3.08B (high $3.16B, low $3.04B), average EBITDA is $2.29B (high $2.34B, low $2.25B), average net income is $636.34M (high $658.89M, low $619.99M), average SG&A $64.05M (high $65.71M, low $63.03M), and average EPS is $1.63 (high $1.69, low $1.59). EQR's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $3.26B (high $3.35B, low $3.21B), average EBITDA is $2.42B (high $2.48B, low $2.38B), average net income is $731.57M (high $756.1M, low $716.18M), average SG&A $67.8M (high $69.55M, low $66.7M), and average EPS is $1.87 (high $1.93, low $1.83).

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 $2.11B by -44.92%. 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 $67.93M by -10.61%. 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 $537.33M by -26.95%. 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 $15.06M by -23.09%. Lastly, the company's EPS was $0.82, beating the average prediction of $0.43 by 90.66%