FY2026 EPS Estimates for Equity Residential (NYSE:EQR) Cut by Analyst

Equity Residential (NYSE:EQR) – Investment analysts at Zacks Research reduced their FY2026 earnings per share (EPS) estimates for shares of Equity Residential in a report released on Tuesday, April 23rd. Zacks Research analyst R. Department now forecasts that the real estate investment trust will earn $4.17 per share for the year, down from their previous forecast of $4.21. The consensus estimate for Equity Residential’s current full-year earnings is $3.86 per share.

Other equities analysts have also recently issued research reports about the company. The Goldman Sachs Group reiterated a “buy” rating and set a $70.00 target price on shares of Equity Residential in a research report on Thursday, February 22nd. Truist Financial dropped their price objective on Equity Residential from $71.00 to $67.00 and set a “buy” rating for the company in a research note on Tuesday, April 9th. Mizuho dropped their price objective on Equity Residential from $62.00 to $61.00 and set a “neutral” rating for the company in a research note on Wednesday, February 28th. Royal Bank of Canada raised their price objective on Equity Residential from $65.00 to $66.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Finally, Morgan Stanley raised their price objective on Equity Residential from $58.00 to $64.00 and gave the company an “equal weight” rating in a research note on Monday, February 26th. Ten equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $65.75.

Equity Residential Stock Performance

NYSE EQR opened at $64.61 on Wednesday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.66. The business’s 50 day moving average is $61.80 and its two-hundred day moving average is $59.77. Equity Residential has a 12-month low of $52.57 and a 12-month high of $69.45. The stock has a market capitalization of $24.48 billion, a price-to-earnings ratio of 29.37, a PEG ratio of 3.63 and a beta of 0.84.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Dakota Wealth Management raised its position in Equity Residential by 51.2% in the first quarter. Dakota Wealth Management now owns 40,920 shares of the real estate investment trust’s stock valued at $2,585,000 after purchasing an additional 13,848 shares during the period. IRON Financial LLC purchased a new stake in shares of Equity Residential during the first quarter worth about $680,000. Fifth Third Bancorp increased its position in shares of Equity Residential by 7.1% during the first quarter. Fifth Third Bancorp now owns 6,077 shares of the real estate investment trust’s stock worth $384,000 after acquiring an additional 405 shares during the last quarter. TAP Consulting LLC increased its position in shares of Equity Residential by 17.3% during the first quarter. TAP Consulting LLC now owns 55,517 shares of the real estate investment trust’s stock worth $3,504,000 after acquiring an additional 8,175 shares during the last quarter. Finally, PFG Investments LLC purchased a new stake in shares of Equity Residential during the first quarter worth about $332,000. 92.68% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Equity Residential

In related news, COO Michael L. Manelis sold 1,639 shares of Equity Residential stock in a transaction on Monday, February 5th. The stock was sold at an average price of $59.43, for a total value of $97,405.77. Following the transaction, the chief operating officer now owns 31,053 shares in the company, valued at $1,845,479.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Equity Residential news, COO Michael L. Manelis sold 1,639 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $59.43, for a total value of $97,405.77. Following the transaction, the chief operating officer now directly owns 31,053 shares of the company’s stock, valued at $1,845,479.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Ian Kaufman sold 716 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $57.80, for a total value of $41,384.80. Following the completion of the transaction, the chief accounting officer now directly owns 23,949 shares in the company, valued at $1,384,252.20. The disclosure for this sale can be found here. Insiders have sold 3,280 shares of company stock worth $192,335 over the last quarter. 1.00% of the stock is currently owned by insiders.

Equity Residential Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Monday, March 25th were issued a dividend of $0.675 per share. This is a boost from Equity Residential’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $2.70 annualized dividend and a dividend yield of 4.18%. Equity Residential’s dividend payout ratio (DPR) is 122.73%.

About Equity Residential

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, DC, Seattle, San Francisco and Southern California, and an expanding presence in Denver, Atlanta, Dallas/Ft.