Equity Residential downgraded amid market caution
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 09 Jan 26
Equity Residential's stock fell by 3.91% as it hit a 20-day low, reflecting a challenging trading environment.
The decline is attributed to BMO Capital's downgrade of Equity Residential from Outperform to Market Perform, reducing the price target from $70 to $68, indicating market caution regarding its future growth prospects. This downgrade comes amid broader market strength, with the Nasdaq-100 up 1.09% and the S&P 500 up 0.75%, suggesting sector rotation as investors reassess their positions.
This downgrade may lead to increased scrutiny of Equity Residential's performance and could impact investor sentiment moving forward, especially as the market shows signs of strength.
Analyst Views on EQR
Wall Street analysts forecast EQR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EQR is 70.87 USD with a low forecast of 60.95 USD and a high forecast of 80.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
7 Buy
7 Hold
0 Sell
Moderate Buy
Current: 60.760
Low
60.95
Averages
70.87
High
80.00
Current: 60.760
Low
60.95
Averages
70.87
High
80.00
About EQR
Equity Residential is a real estate investment trust. The Company is focused on the acquisition, development, and management of residential properties located in and around cities. The Company’s primary business is the acquisition, development, and management of multifamily residential properties, which includes the generation of rental and other related income through the leasing of apartment units to residents. The Company owns and operates rental apartment properties, with a presence in Boston, New York, Washington, D.C., Southern California (including Los Angeles, Orange County and San Diego), San Francisco and Seattle, and an expanding presence in Denver, Atlanta, Dallas/Ft. Worth and Austin. The Company owns investments in approximately 311 properties located in 10 states consisting of over 84,249 apartment units. ERP Operating Limited Partnership (ERPOP) conducts the multifamily residential property business of Equity Residential.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
