S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
Best Bear Market Funds: Top 3 Investment Options to Consider
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
Best Bear Market Funds: Top 3 Investment Options to Consider
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
Best Bear Market Funds: Top 3 Investment Options to Consider
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
Best Bear Market Funds: Top 3 Investment Options to Consider
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
NYSE:EQR

Equity Residential (EQR) Stock Price, News & Analysis

$62.57
+1.31 (+2.14%)
(As of 03/27/2024 ET)
Today's Range
$61.66
$62.62
50-Day Range
$58.13
$63.45
52-Week Range
$52.57
$69.45
Volume
1.53 million shs
Average Volume
1.98 million shs
Market Capitalization
$23.75 billion
P/E Ratio
28.44
Dividend Yield
4.32%
Price Target
$66.04

Equity Residential MarketRank™ Stock Analysis

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
5.5% Upside
$66.04 Price Target
Short Interest
Healthy
1.36% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.23
Upright™ Environmental Score
News Sentiment
0.11mentions of Equity Residential in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$192,335 Sold Last Quarter
Proj. Earnings Growth
3.67%
From $3.81 to $3.95 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.52 out of 5 stars

Finance Sector

152nd out of 844 stocks

Real Estate Investment Trusts Industry

25th out of 176 stocks

EQR stock logo

About Equity Residential Stock (NYSE:EQR)

Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, is focused on the acquisition, development and management of residential properties located in and around dynamic cities that attract affluent long-term renters. Equity Residential owns or has investments in 305 properties consisting of 80,683 apartment units, with an established presence in Boston, New York, Washington, D.C., Seattle, San Francisco and Southern California, and an expanding presence in Denver, Atlanta, Dallas/Ft. Worth and Austin.

EQR Stock Price History

EQR Stock News Headlines

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Because the Federal Reserve (the Fed) has announced potential interest rate cuts for this year, an expectation priced in for March is now being pushed as far back as May or June, according to the FedWatch tool at the CME Group Inc. NASDAQ: CME. A rising level of uncertainty may push the fundamentals of stocks to be the primary concern when selecting future investments.
Piper Sandler Keeps Their Hold Rating on Equity Residential (EQR)
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the most reliable asset on earth is making a comeback
Global tensions have been pushing the price of gold to all time highs… Just recently, gold peaked at a record $2,000 (and is now closer to $2,200). And there’s something else critical at play right now in the world’s largest asset. Because of these critical factors, a lot of massive investment institutions are now pumping more money into gold. And as we speak, some are even calling for a massive rally in the precious metal.
Equity Residential Appoints Ann C. Hoff and Nina P.
Unveiling 6 Analyst Insights On Equity Residential
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EQR Nov 2024 50.000 put
EQR Apr 2024 60.000 call
EQR Oct 2024 60.000 put
EQR Oct 2024 80.000 call
Equity Residential Declares First Quarter Dividends
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Equity Residential EQR
Equity Residential Stock (NYSE:EQR) Insider Trades
See More Headlines
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Company Calendar

Ex-Dividend for 1/12 Dividend
12/29/2023
Dividend Payable
1/12/2024
Last Earnings
1/30/2024
Ex-Dividend for 4/12 Dividend
3/22/2024
Today
3/28/2024
Dividend Payable
4/12/2024
Next Earnings (Estimated)
4/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Residential REITs
CUSIP
29476L10
Employees
2,400
Year Founded
1967

Price Target and Rating

Average Stock Price Target
$66.04
High Stock Price Target
$77.00
Low Stock Price Target
$59.50
Potential Upside/Downside
+5.5%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
14 Analysts

Profitability

Net Income
$835.44 million
Pretax Margin
30.45%

Debt

Sales & Book Value

Annual Sales
$2.87 billion
Cash Flow
$4.72 per share
Book Value
$29.63 per share

Miscellaneous

Free Float
373,140,000
Market Cap
$23.75 billion
Optionable
Optionable
Beta
0.84

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Should I Buy Equity Residential Stock? EQR Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Equity Residential was last updated on Monday, March 25, 2024 at 11:09 PM.

Pros

Here are some ways that investors could benefit from investing in Equity Residential:

  • Equity Residential had a net margin of 29.07%, indicating strong profitability which can be attractive to investors.
  • Return on equity of 7.43% shows the company's ability to generate profit from shareholders' equity.
  • Recent increase in dividend by Equity Residential can be a positive sign for income-seeking investors.
  • Steady revenue growth of 4.0% year-over-year demonstrates the company's ability to increase its top line.
  • Positive insider activity with executives buying or holding shares can signal confidence in the company's future performance.

Cons

Investors should be bearish about investing in Equity Residential for these reasons:

  • Low return on equity of 7.43% compared to industry peers may indicate lower efficiency in generating returns for shareholders.
  • Ownership of 92.68% of the stock by institutional investors may limit potential for individual investor influence.
  • Recent insider selling of company stock by executives may raise concerns about future performance or valuation.
  • Stock price volatility in the real estate sector can pose risks to investors seeking stable returns.
  • Market uncertainties or economic downturns can impact the demand for residential properties, affecting Equity Residential's performance.

EQR Stock Analysis - Frequently Asked Questions

Should I buy or sell Equity Residential stock right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Equity Residential in the last year. There are currently 10 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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.
View EQR analyst ratings
or view top-rated stocks.

What is Equity Residential's stock price target for 2024?

14 equities research analysts have issued twelve-month price targets for Equity Residential's stock. Their EQR share price targets range from $59.50 to $77.00. On average, they predict the company's share price to reach $66.04 in the next twelve months. This suggests a possible upside of 5.5% from the stock's current price.
View analysts price targets for EQR
or view top-rated stocks among Wall Street analysts.

How have EQR shares performed in 2024?

Equity Residential's stock was trading at $61.16 at the beginning of the year. Since then, EQR stock has increased by 2.3% and is now trading at $62.57.
View the best growth stocks for 2024 here
.

Are investors shorting Equity Residential?

Equity Residential saw a drop in short interest in February. As of February 29th, there was short interest totaling 5,090,000 shares, a drop of 13.0% from the February 14th total of 5,850,000 shares. Based on an average daily trading volume, of 2,250,000 shares, the days-to-cover ratio is presently 2.3 days. Currently, 1.4% of the company's stock are short sold.
View Equity Residential's Short Interest
.

When is Equity Residential's next earnings date?

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

How were Equity Residential's earnings last quarter?

Equity Residential (NYSE:EQR) posted its earnings results on Tuesday, January, 30th. The real estate investment trust reported $0.82 earnings per share for the quarter, missing the consensus estimate of $1.00 by $0.18. The real estate investment trust had revenue of $727.50 million for the quarter, compared to analysts' expectations of $725.07 million. Equity Residential had a trailing twelve-month return on equity of 7.43% and a net margin of 29.07%. The company's revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.94 EPS.
Read the conference call transcript
.

How often does Equity Residential pay dividends? What is the dividend yield for Equity Residential?

Equity Residential declared a quarterly dividend on Thursday, March 14th. Shareholders of record on Monday, March 25th will be paid a dividend of $0.675 per share on Friday, April 12th. This represents a $2.70 annualized dividend and a yield of 4.32%. The ex-dividend date is Friday, March 22nd. This is a positive change from the stock's previous quarterly dividend of $0.66.
Read our dividend analysis for EQR
.

Is Equity Residential a good dividend stock?

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 2 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 68.35% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EQR.

What guidance has Equity Residential issued on next quarter's earnings?

Equity Residential issued an update on its first quarter 2024 earnings guidance on Tuesday, January, 30th. The company provided EPS guidance of 0.880-0.920 for the period, compared to the consensus earnings per share estimate of 0.910. The company issued revenue guidance of -.

What is Mark Parrell's approval rating as Equity Residential's CEO?

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.

What other stocks do shareholders of Equity Residential own?

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).

Who are Equity Residential's major shareholders?

Equity Residential's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (14.99%), Vanguard Group Inc. (15.00%), Norges Bank (9.23%), Price T Rowe Associates Inc. MD (5.24%), APG Asset Management US Inc. (3.05%) and First Eagle Investment Management LLC (2.46%). Insiders that own company stock include Bradley A Keywell, Catherine Carraway, Christa L Sorenson, 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.
View institutional ownership trends
.

How do I buy shares of Equity Residential?

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.
Compare Top Brokerages Here.

This page (NYSE:EQR) was last updated on 3/28/2024 by MarketBeat.com Staff

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