Equity Residential (EQR) Stock Price, News & Analysis

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Equity Residential in the last twelve months. There are currently 9 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" EQR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EQR, but not buy additional shares or sell existing shares.
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14 Wall Street research analysts have issued 12-month target prices for Equity Residential's shares. Their EQR share price targets range from $59.50 to $73.00. On average, they anticipate the company's stock price to reach $65.75 in the next twelve months. This suggests a possible upside of 4.2% from the stock's current price.
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Equity Residential's stock was trading at $61.16 at the beginning of 2024. Since then, EQR shares have increased by 3.2% and is now trading at $63.09.
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Equity Residential saw a increase in short interest in March. As of March 31st, there was short interest totaling 5,470,000 shares, an increase of 7.7% from the March 15th total of 5,080,000 shares. Based on an average daily trading volume, of 2,110,000 shares, the days-to-cover ratio is presently 2.6 days. Approximately 1.5% of the shares of the stock are short sold.
View Equity Residential's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our EQR earnings forecast.

Equity Residential will be holding an earnings conference call on Wednesday, April 24th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Equity Residential (NYSE:EQR) released its quarterly earnings data on Tuesday, April, 23rd. The real estate investment trust reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.02. The real estate investment trust had revenue of $730.80 million for the quarter, compared to analysts' expectations of $728.09 million. Equity Residential had a trailing twelve-month return on equity of 7.43% and a net margin of 29.07%. The business's revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.87 EPS.

Equity Residential declared a quarterly dividend on Thursday, March 14th. Investors of record on Monday, March 25th will be given a dividend of $0.675 per share on Friday, April 12th. This represents a $2.70 annualized dividend and a dividend yield of 4.28%. The ex-dividend date is Friday, March 22nd. This is a boost from the stock's previous quarterly dividend of $0.66.
Read our dividend analysis for EQR.

Equity Residential (NYSE:EQR) pays an annual dividend of $2.70 per share and currently has a dividend yield of 4.39%. EQR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 122.73%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, EQR will have a dividend payout ratio of 67.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EQR.

ETFs with the largest weight of Equity Residential (NYSE:EQR) stock in their portfolio include Kelly Residential & Apartment Real Estate ETF (RESI), ETFB Green SRI REITs ETF (RITA), iShares Residential and Multisector Real Estate ETF (REZ), JPMorgan Realty Income ETF (JPRE), SP Funds S&P Global REIT Sharia ETF (SPRE), Nuveen Short-Term REIT ETF (NURE), Residential REIT ETF (HAUS) and ALPS Active REIT ETF (REIT).

Equity Residential issued an update on its second quarter earnings guidance on Tuesday, April, 23rd. The company provided EPS guidance of $0.92-0.96 for the period, compared to the consensus earnings per share estimate of $0.96.

88 employees have rated Equity Residential Chief Executive Officer Mark Parrell on Glassdoor.com. Mark Parrell has an approval rating of 90% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Equity Residential investors own include Cisco Systems (CSCO), AT&T (T), Intel (INTC), Bank of America (BAC), NVIDIA (NVDA), AbbVie (ABBV), Johnson & Johnson (JNJ), JPMorgan Chase & Co. (JPM), Simon Property Group (SPG) and American Tower (AMT).

Equity Residential's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.32%), Hazelview Securities Inc. (0.08%), State of Alaska Department of Revenue (0.07%), Raymond James & Associates (0.05%), Vert Asset Management LLC (0.04%) and Sarasin & Partners LLP (0.02%). Insiders that own company stock include Bradley A Keywell, Catherine Carraway, Christa L Sorenson, David J Neithercut, Ian Kaufman, Linda Bynoe, Mark S Shapiro, Mary Kay Haben, Michael L Manelis, Michael L Manelis, Robert Garechana and Scott Fenster.
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Shares of EQR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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