Equity Residential Stock Forecast

Stock Price Forecast

The 12 analysts with 12-month price forecasts for Equity Residential stock have an average target of 64.88, with a low estimate of 58 and a high estimate of 73. The average target predicts an increase of 6.38% from the current stock price of 60.99.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$58	$64.88	$66	$73
Change	-4.90%	+6.38%	+8.21%	+19.69%

Analyst Ratings

The average analyst rating for EQR stock from 14 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	Nov '23	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24
Strong Buy	3	1	1	2	2	2
Buy	2	2	2	2	2	2
Hold	10	11	11	9	10	10
Sell	1	1	1	1	0	0
Strong Sell	0	0	0	0	0	0
Total	16	15	15	14	14	14

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Michael Lewis Truist Securities	Truist Securities	Strong Buy Maintains $71 → $67	Strong Buy	Maintains	$71 → $67	+9.85%	Apr 9, 2024
Alexander Goldfarb Piper Sandler	Piper Sandler	Hold Maintains $62	Hold	Maintains	$62	+1.66%	Mar 26, 2024
Buck Horne Raymond James	Raymond James	Sell → Hold Upgrades n/a	Sell → Hold	Upgrades	n/a	n/a	Mar 18, 2024
Vikram Malhorta Mizuho	Mizuho	Hold Maintains $62 → $61	Hold	Maintains	$62 → $61	+0.02%	Feb 28, 2024
Adam Kramer Morgan Stanley	Morgan Stanley	Hold Maintains $58 → $64	Hold	Maintains	$58 → $64	+4.94%	Feb 26, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

2.98B

from 2.87B

3.65%

from 2.87B

Revenue Next Year

3.08B

from 2.98B

3.49%

from 2.98B

EPS This Year

1.53

from 2.20

-30.26%

from 2.20

EPS Next Year

1.64

from 1.53

7.10%

from 1.53

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	2.70B	2.57B	2.46B	2.74B	2.87B	2.98B	3.08B	3.22B	3.64B	3.79B
Revenue Growth	4.77%	-4.78%	-4.19%	11.01%	5.07%	3.65%	3.49%	4.51%	12.85%	4.29%
EPS	2.60	2.45	3.54	2.05	2.20	1.53	1.64	1.80	2.26	2.40
EPS Growth	46.89%	-5.77%	44.49%	-42.09%	7.32%	-30.26%	7.10%	9.58%	25.64%	6.25%
No. Analysts	-	-	-	-	-	13	12	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	3.5B	3.8B	4.0B
Avg	3.0B	3.1B	3.2B	3.6B	3.8B
Low	2.8B	2.9B	3.0B	3.5B	3.7B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	9.0%	12.1%	14.4%	17.8%	9.0%
Avg	3.7%	3.5%	4.5%	12.8%	4.3%
Low	-1.7%	-2.7%	-3.5%	9.1%	0.6%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	1.94	1.88	2.19	2.35	2.50
Avg	1.53	1.64	1.80	2.26	2.40
Low	1.38	1.42	1.44	2.20	2.33

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	-11.7%	22.5%	33.5%	30.6%	10.5%
Avg	-30.3%	7.1%	9.6%	25.6%	6.2%
Low	-37.2%	-7.4%	-12.3%	21.9%	3.1%

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.