What is EQR stock price target for 2026?

WallStSmart's 12-month price target for Equity Residential is $58.40, representing 10.7% downside from the current price of $65.43.

What is EQR stock forecast?

Equity Residential forecast includes bull, base, and bear case scenarios from 2026 through 2030. Revenue and EPS projections are derived from analyst consensus and conservative extrapolation with growth deceleration for outer years.

Is EQR undervalued based on price targets?

Our DCF intrinsic value for Equity Residential is $67.46, against a current price of $65.43. The margin of safety is 4.17%.

EQR

Equity Residential

NYSE: EQR · REAL ESTATE · REIT - RESIDENTIAL

$65.43

+0.43% today

Updated 2026-04-29

Market cap

$25.28B

P/E ratio

22.26

P/S ratio

8.17x

EPS (TTM)

$2.94

Dividend yield

—

52W range

$57 – $69

Volume

2.5M

Market cap

$25.28B

P/E ratio

22.26

P/S ratio

8.17x

EPS (TTM)

$2.94

Dividend yield

—

52W range

$57 – $69

Volume

2.5M

Equity Residential (EQR) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current

$65.43

Consensus

$69.35

+5.99%

2030 Target

$114.51

+75.01%

DCF

$67.46

+4.17% MoS

Current price

$65.43

Analyst consensus

$69.35

+5.99%

2030 Target

$114.51

+75.01%

Intrinsic (DCF)

$67.46

+4.17% MoS

13 analysts:

8 Buy5 Hold0 Sell

Management guidance

No specific multi-year revenue guidance disclosed by management. Q4 2025 earnings showed FY2026 EPS guidance provided but revenue targets not explicitly stated in available materials. Management focus remains on rental rate growth, occupancy optimization, and capital allocation through share repurchases.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range

Bull case (2030)

$186.84

$3.7B Rev × 20x P/S

Base case (2030)

$114.51

$3.7B Rev × 12x P/S

Bear case (2030)

$72.32

$3.7B Rev × 8x P/S

Financial forecast — research-backed

Metric	2023	2024	2025	2026 (E)	2027 (E)	2028 (E)	2029 (E)	2030 (E)
Revenue	$2.9B	$3.0B	$3.1B	$3.2B	$3.3B	$3.4B	$3.6B	$3.7B
Revenue growth	—	3.7%	4.1%	4.1%	3.1%	3.5%	3.5%	3.5%
EPS	—	—	—	$1.46	$1.59	$1.75	$1.92	$2.10
P/S ratio	—	—	—	12.0x	12.0x	12.0x	12.0x	12.0x
Implied price	—	—	—	$96.43	$102.46	$102.46	$108.49	$114.51

Catalysts & risks

Growth catalysts

+ Tighter new multifamily supply in coastal markets supporting pricing power

+ Planned share repurchase program providing capital return to shareholders

+ Recovery in urban market demand following 2024-2025 slowdown

+ Resilient occupancy levels in trophy markets supporting rent growth

Key risks

- Oversupply pressure in secondary markets and coastal cities continuing

- Rising interest rates and macro uncertainty pressuring net income trends

- Softer traffic patterns and slower net absorption in select markets

- Competitive pricing environment limiting above-market rent growth realization

Methodology

Equity Residential's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 13 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.