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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 $80.61 (represents a 12.98% upside from EQR’s last price of $71.35) 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 $80.61 based on 1-year price targets from 16 Wall Street analysts in the past 3 months, with a price target range of $85.00 to $74.00. This represents a potential 12.98% upside from EQR's last price of $71.35.

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%14.23%
Oct 31, 2024Kenneth LeonCFRA$81.00$70.3715.11%13.52%
Sep 24, 2024Jeffrey SpectorBank of America Securities$82.00$77.445.89%14.93%
Sep 16, 2024Nicholas YulicoScotiabank$81.00$78.083.74%13.52%
Sep 10, 2024Omotayo OkusanyaDeutsche Bank$83.00$75.1010.52%16.33%
Sep 04, 2024Kenneth LeonCFRA$85.00$75.4812.61%19.13%
Sep 04, 2024Julien BlouinGoldman Sachs$81.00$75.667.06%13.52%
Aug 28, 2024Steve SakwaEvercore ISI$74.00$73.440.76%3.71%
Aug 26, 2024James FeldmanWells Fargo$77.00$73.634.58%7.92%
Aug 07, 2024Nicholas YulicoScotiabank$73.00$71.412.23%2.31%
Jul 31, 2024Alexander GoldfarbPiper Sandler$85.00$69.5722.18%19.13%
Jun 28, 2024Alexander GoldfarbPiper Sandler$80.00$68.3117.11%12.12%
Jun 06, 2024Kenneth LeonCFRA$77.00$65.2218.07%7.92%
May 14, 2024Nicholas YulicoScotiabank$72.00$66.957.54%0.91%
Apr 29, 2024Alexander GoldfarbPiper Sandler$70.00$65.456.95%-1.89%
Apr 25, 2024Brad HeffernRBC Capital$69.00$64.616.79%-3.29%
Apr 24, 2024Steve SakwaEvercore ISI$70.00$64.618.34%-1.89%
Apr 22, 2024John KimBMO Capital$70.00$62.5411.93%-1.89%
Jun 05, 2023John KimBMO Capital$64.00$63.361.01%-10.30%
Dec 16, 2022BMO Capital$61.00$62.76-2.80%-14.51%
Nov 17, 2022Jacob KilsteinArgus Research$72.00$61.7816.54%0.91%
Feb 02, 2022Steve SakwaEvercore ISI$94.00$91.352.90%31.74%
Feb 01, 2022John KimBMO Capital$99.00$87.4813.17%38.75%
Jan 19, 2022James SullivanBTIG$104.00$88.5917.39%45.76%
Jan 18, 2022Anthony PowellBarclays$97.00$89.618.25%35.95%
Dec 16, 2021Nicholas YulicoScotiabank$90.00$86.923.54%26.14%
Dec 13, 2021Nicholas JosephCitigroup$93.00$86.767.19%30.34%
Nov 22, 2021Tammi FiqueWells Fargo$86.00$84.052.32%20.53%
Sep 23, 2021Chandni LuthraGoldman Sachs$86.00$80.716.55%20.53%
Jul 29, 2021Alexander GoldfarbPiper Sandler$88.00$82.706.41%23.34%

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 14.23% increase from EQR last price ($71.35).

Equity Residential Price Target by Period

1M3M12M
# Anlaysts-318
Avg Price Target-$81.50$77.31
Last Closing Price$71.35$71.35$71.35
Upside/Downside-100.00%14.23%8.35%

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 $71.35. 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

DateCompanyPrevious RatingNew RatingRating Change
Oct 01, 2024RBC CapitalOutperformOutperformHold
Sep 24, 2024Bank of America SecuritiesNeutralDowngrade
Sep 16, 2024Evercore ISIPositivePositiveHold
Sep 16, 2024ScotiabankSector PerformSector PerformHold
Sep 11, 2024Exane BNP ParibasOutperformInitialise
Sep 10, 2024Deutsche BankBuyPositiveUpgrade
Sep 10, 2024Deutsche BankBuyUpgrade
Sep 05, 2024ZelmanOutperformInitialise
Sep 04, 2024CFRABuyBuyHold
Sep 04, 2024Goldman SachsNeutralInitialise
Aug 26, 2024Wells FargoSector PerformEqual-WeightDowngrade
Aug 07, 2024ScotiabankSector PerformSector PerformHold
Jul 31, 2024Piper SandlerOverweightOverweightHold
Jul 18, 2024Wells FargoSector PerformSector PerformHold
Jul 18, 2024WedbushUnderperformUnderperformHold
Jun 28, 2024Piper SandlerNeutralOverweightUpgrade
Jun 17, 2024WedbushUnderperformUnderperformHold
Jun 17, 2024Wells FargoSector PerformSector PerformHold
May 14, 2024UBSUnderperformUnderperformHold
May 14, 2024WedbushSector PerformSector PerformHold
May 14, 2024ScotiabankSector PerformSector PerformHold
May 14, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Apr 29, 2024Piper SandlerNeutralNeutralHold
Apr 25, 2024RBC CapitalOutperformOutperformHold
Apr 24, 2024Evercore ISIOutperformOutperformHold
Apr 22, 2024BMO CapitalPerformOutperformUpgrade
Apr 09, 2024Piper SandlerUnderperformUnderperformHold
Apr 09, 2024RBC CapitalBuyBuyHold
Mar 18, 2024Raymond JamesMarket PerformUpgrade
Sep 05, 2023Wells FargoOverweightUpgrade
Jun 09, 2023Piper SandlerOverweightNeutralUpgrade
Jun 05, 2023BMO CapitalMarket PerformPerformUpgrade
Jun 05, 2023BMO CapitalUnderperformMarket PerformUpgrade
Dec 16, 2022BMO CapitalUnderperformDowngrade
Dec 14, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Nov 17, 2022BradescoOverweightUpgrade
Nov 17, 2022UBSBuyUpgrade
Nov 17, 2022Piper SandlerOverweightUpgrade
Jun 22, 2022RBC CapitalOutperformUpgrade
May 17, 2022Mizuho SecuritiesBuyUpgrade

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$814.79M$807.34M$798.91M$798.79M$783.18M$779.65M$771.49M$764.03M$756.66M$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$833.85M$826.23M$817.60M$817.47M$801.50M$797.88M$789.53M$781.87M$774.38M$745.15M$735.26M$728.09M$728.51M$734.06M$731.92M$717.89M$720.01M$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$799.21M$791.90M$783.63M$783.51M$768.20M$764.73M$756.73M$750.51M$744.23M$742.91M$735.26M$728.09M$721.24M$720.73M$701.51M$688.06M$690.10M$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
# 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$618.93M$613.27M$606.87M$606.77M$594.92M$592.23M$586.03M$580.37M$574.77M$565.17M$558.51M$550.98M$550.78M$552.37M$543.27M$500.89M$534.43M$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$633.40M$627.61M$621.06M$620.96M$608.83M$606.08M$599.74M$593.92M$588.23M$566.03M$558.51M$661.18M$553.39M$557.61M$555.97M$601.07M$546.93M$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$607.09M$601.54M$595.26M$595.17M$583.53M$580.90M$574.82M$570.10M$565.32M$564.32M$558.51M$440.78M$547.86M$547.48M$532.87M$400.71M$524.21M$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 %------------0.71%0.46%0.80%0.81%0.84%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$191.82M$179.77M$170.80M$153.82M$167.18M$157.59M$150.94M$134.40M$160.94M$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$197.66M$185.24M$175.99M$158.49M$172.27M$162.38M$155.53M$138.60M$164.16M$162.72M$149.70M$124.16M$171.54M$198.86M$150.89M$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$187.05M$175.30M$166.55M$149.99M$163.03M$153.67M$147.18M$131.60M$157.72M$159.30M$149.58M$82.77M$166.49M$175.74M$142.80M$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$16.92M$16.77M$16.59M$16.59M$16.26M$16.19M$16.02M$15.87M$15.71M$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$17.32M$17.16M$16.98M$16.98M$16.65M$16.57M$16.40M$16.24M$16.08M$15.48M$15.27M$30.24M$15.13M$15.24M$15.20M$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$16.60M$16.45M$16.27M$16.27M$15.95M$15.88M$15.72M$15.59M$15.46M$15.43M$15.27M$20.16M$14.98M$14.97M$14.57M$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$0.49$0.46$0.44$0.39$0.43$0.40$0.39$0.34$0.41$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$0.51$0.47$0.45$0.41$0.44$0.42$0.40$0.35$0.42$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$0.48$0.45$0.43$0.38$0.42$0.39$0.38$0.34$0.40$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
EQREquity Residential$72.77$80.6110.77%Buy
ESSEssex Property Trust$294.10$322.009.49%Buy
MAAMid-America Apartment Communities$156.07$169.178.39%Hold
CPTCamden Property Trust$118.59$127.567.56%Hold
NXRTNexPoint Residential Trust$44.67$48.007.45%Buy
AVBAvalonBay Communities$226.94$242.606.90%Buy
UDRUDR$44.41$44.40-0.02%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 $80.61 with a range of $74 to $85, implying a 12.98% from its last price of $71.35. 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 12.98% (from the last price of $71.35 to the average price target of $80.61), up by 19.13% based on the highest stock price target, and up by 3.71% based on the lowest stock price target.

Can Equity Residential stock reach $110?

EQR's average twelve months analyst stock price target of $80.61 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 $3.1B (high $3.17B, low $3.04B), average EBITDA is $2.35B (high $2.41B, low $2.31B), average net income is $610.11M (high $628.77M, low $595.48M), average SG&A $64.35M (high $65.85M, low $63.14M), and average EPS is $1.56 (high $1.61, low $1.52). EQR's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $3.22B (high $3.3B, low $3.16B), average EBITDA is $2.45B (high $2.5B, low $2.4B), average net income is $696.21M (high $717.38M, low $678.9M), average SG&A $66.87M (high $68.43M, low $65.59M), and average EPS is $1.78 (high $1.83, low $1.74).

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 $2.15B by -45.95%. 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 $550.78M by -28.74%. 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%