Equity Residential (EQR)

Equity Residential Stock Forecast

Stock Price Forecast

The 16 analysts with 12-month price forecasts for Equity Residential stock have an average target of 68.72, with a low estimate of 58 and a high estimate of 80. The average target predicts an increase of 0.76% from the current stock price of 68.20.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$58	$68.72	$70	$80
Change	-14.96%	+0.76%	+2.64%	+17.30%

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	Jan '24	Feb '24	Mar '24	Apr '24	May '24	Jun '24
Strong Buy	1	2	2	2	3	3
Buy	2	2	2	4	3	4
Hold	11	9	10	9	11	10
Sell	1	1	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	15	14	14	15	17	17

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Alexander Goldfarb Piper Sandler	Piper Sandler	Hold → Buy Upgrades $70 → $80	Hold → Buy	Upgrades	$70 → $80	+17.30%	Jun 28, 2024
Michael Lewis Truist Securities	Truist Securities	Strong Buy Maintains $67 → $73	Strong Buy	Maintains	$67 → $73	+7.04%	Jun 24, 2024
Anthony Paolone JP Morgan	JP Morgan	Hold Maintains $66 → $68	Hold	Maintains	$66 → $68	-0.29%	Jun 17, 2024
James Feldman Wells Fargo	Wells Fargo	Buy Maintains $66 → $69	Buy	Maintains	$66 → $69	+1.17%	May 31, 2024
Vikram Malhorta Mizuho	Mizuho	Hold Maintains $61 → $64	Hold	Maintains	$61 → $64	-6.16%	May 30, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

2.99B

Increased by 3.90%

from 2.87B

Revenue Next Year

3.09B

Increased by 3.52%

from 2.99B

EPS This Year

1.93

Decreased by -12.08%

from 2.20

EPS Next Year

1.68

Decreased by -12.99%

from 1.93

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	2.70B	2.57B	2.46B	2.74B	2.87B	2.99B	3.09B	3.20B	3.31B	3.43B
Revenue Growth	4.77%	-4.78%	-4.19%	11.01%	5.07%	3.90%	3.52%	3.53%	3.47%	3.44%
EPS	2.60	2.45	3.54	2.05	2.20	1.93	1.68	1.84	1.82	1.95
EPS Growth	46.89%	-5.77%	44.49%	-42.09%	7.32%	-12.08%	-12.99%	9.53%	-1.37%	7.22%
Forward PE	-	-	-	-	-	35.26	40.52	37.00	37.51	34.99
No. Analysts	-	-	-	-	-	13	13	8	2	2

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	3.1B	3.3B	3.4B	3.5B	3.7B
Avg	3.0B	3.1B	3.2B	3.3B	3.4B
Low	2.9B	2.9B	3.0B	3.2B	3.2B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	9.3%	10.2%	9.8%	9.6%	10.4%
Avg	3.9%	3.5%	3.5%	3.5%	3.4%
Low	0.0%	-1.3%	-2.1%	-1.5%	-2.3%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	2.36	1.86	2.15	1.89	2.03
Avg	1.93	1.68	1.84	1.82	1.95
Low	1.46	1.40	1.49	1.76	1.89

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	7.4%	-3.9%	27.9%	2.5%	11.5%
Avg	-12.1%	-13.0%	9.5%	-1.4%	7.2%
Low	-33.6%	-27.5%	-11.5%	-4.3%	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.