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NYSE:EQR

Equity Residential (EQR) Stock Price, News & Analysis

$63.17
+0.60 (+0.96%)
(As of 12:22 PM ET)
Today's Range
$62.76
$63.45
50-Day Range
$58.13
$63.45
52-Week Range
$52.57
$69.45
Volume
456,756 shs
Average Volume
2.11 million shs
Market Capitalization
$23.98 billion
P/E Ratio
28.71
Dividend Yield
4.27%
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

157th out of 862 stocks

Real Estate Investment Trusts Industry

27th out of 180 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

This Industrial Products Stock is Goldman’s Favorite This Cycle (EQR)
This steel stock is about to see double-digit pops on the back of a residential boom. Goldman analysts see Mueller Water stock as a top pick this cycle
3 wealth-compounding stocks to beat the market this decade
Consider the following wealth-compounding stocks to invest in: Equity Residential, Hershey and Ulta Beauty. Learn more with MarketBeat.
The AI Defense Stock Set to Soar
To protect our interests, The Pentagon has partnered with this small AI defense contractor - creating some of the most powerful AI defenses ever made.
3 wealth-compounding stocks to beat the market this decade
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)
25 US Cities With Largest Homeless Populations
The AI Defense Stock Set to Soar
To protect our interests, The Pentagon has partnered with this small AI defense contractor - creating some of the most powerful AI defenses ever made.
Equity Residential Appoints Ann C. Hoff and Nina P.
Unveiling 6 Analyst Insights On Equity Residential
20 Countries with Most Personal Space
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
3 Real Estate Stocks to Buy as Hedge Funds Pile in
Equity Residential: Buy Into Fed's Rate Cuts
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 research analysts have issued "buy," "hold," and "sell" ratings for Equity Residential in the last twelve months. There are currently 10 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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.
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 objectives 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 year. 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 on January 1st, 2024. Since then, EQR shares have 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 decline in short interest during the month of February. As of February 29th, there was short interest totaling 5,090,000 shares, a decline of 13.0% from the February 14th total of 5,850,000 shares. Based on an average daily volume of 2,250,000 shares, the days-to-cover ratio is presently 2.3 days. Approximately 1.4% of the shares of the company 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) released its quarterly earnings results on Tuesday, January, 30th. The real estate investment trust reported $0.82 earnings per share for the quarter, missing analysts' consensus estimates of $1.00 by $0.18. The real estate investment trust earned $727.50 million during the quarter, compared to analysts' expectations of $725.07 million. Equity Residential had a net margin of 29.07% and a trailing twelve-month return on equity of 7.43%. The firm's quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.94 earnings per share.
Read the conference call transcript
.

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

Equity Residential announced 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 yield of 4.32%. The ex-dividend date is Friday, March 22nd. This is an increase 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 4.41%. 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 updated its first quarter 2024 earnings guidance on Tuesday, January, 30th. The company provided earnings per share guidance of 0.880-0.920 for the period, compared to the consensus 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 retail and institutional investors. Top institutional shareholders 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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