Equity Residential Stock: Analyst Estimates & Ratings

Equity Residential, a real estate investment trust based in Chicago, manages 312 rental properties with a total of 85,520 apartments. The company primarily focuses on major U.S. coastal markets, including Atlanta, Austin, Dallas/Fort Worth, and Denver. With a market capitalization of approximately $24.7 billion, Equity Residential's shares have underperformed the broader market over the past year. While the S&P 500 Index has gained 20.4% year-to-date, EQR has only risen 4.7%.

EQR's performance has also lagged behind that of the Residential REIT ETF (HAUS), which has experienced a 7.5% increase over the past year and 5.6% year-to-date. In its Q2 FY2026 earnings report on July 22, Equity Residential reported a 1.9% year-over-year growth in same-store revenues to $747.91 million. The normalized FFO per share rose to $1.02, representing a 3% increase.

The company raised its full-year 2026 guidance for same-store revenues to 2.1% to 2.7%, and for NOI growth to 1.5% to 2.1%, while lowering physical occupancy guidance to 96.3%.

Analysts project EQR's diluted EPS for the current fiscal year to rise 2.3% to $4.08. The consensus rating among 20 analysts covering EQR stock is a Moderate Buy, based on six Strong Buys and 14 Holds. The mean price target of $72.56 implies a 10% upside from EQR's current share price, with the Street-high target of $79 suggesting potential upside of 19.8%.