Zacks Research Brokers Lower Earnings Estimates for EQR

Equity Residential (NYSE:EQR) – Equities researchers at Zacks Research cut their Q1 2027 EPS estimates for Equity Residential in a research note issued to investors on Monday, March 2nd. Zacks Research analyst Team now anticipates that the real estate investment trust will post earnings of $0.99 per share for the quarter, down from their prior forecast of $1.00. The consensus estimate for Equity Residential’s current full-year earnings is $3.98 per share. Zacks Research also issued estimates for Equity Residential’s FY2027 earnings at $4.24 EPS and FY2028 earnings at $4.35 EPS.

Equity Residential (NYSE:EQR) last announced its quarterly earnings data on Thursday, February 5th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.01). The business had revenue of $781.91 million during the quarter, compared to analyst estimates of $786.35 million. Equity Residential had a net margin of 36.20% and a return on equity of 9.98%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.00 EPS. Equity Residential has set its Q1 2026 guidance at 0.940-0.980 EPS and its FY 2026 guidance at 4.020-4.140 EPS.

Several other equities research analysts have also weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Equity Residential in a research note on Thursday, January 22nd. Jefferies Financial Group lowered their price target on Equity Residential from $68.00 to $65.00 and set a “hold” rating on the stock in a research report on Tuesday, November 11th. Morgan Stanley dropped their price objective on Equity Residential from $75.00 to $73.50 and set an “equal weight” rating for the company in a research note on Thursday, November 13th. Barclays reissued an “overweight” rating and set a $78.00 price objective on shares of Equity Residential in a report on Tuesday, January 13th. Finally, BNP Paribas Exane upped their target price on shares of Equity Residential from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Tuesday. Six analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $69.68.

Equity Residential Stock Performance

NYSE EQR opened at $62.75 on Tuesday. Equity Residential has a twelve month low of $58.38 and a twelve month high of $75.86. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.73. The stock has a market cap of $23.69 billion, a P/E ratio of 21.42, a PEG ratio of 4.75 and a beta of 0.75. The company’s 50-day simple moving average is $62.55 and its 200 day simple moving average is $62.57.

Equity Residential Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 2nd were issued a $0.6925 dividend. This represents a $2.77 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, January 2nd. Equity Residential’s payout ratio is currently 94.54%.

Insider Activity at Equity Residential

In related news, EVP Catherine Carraway sold 656 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $65.13, for a total transaction of $42,725.28. Following the transaction, the executive vice president owned 18,339 shares in the company, valued at $1,194,419.07. This represents a 3.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert Garechana sold 3,637 shares of the stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $65.13, for a total transaction of $236,877.81. Following the sale, the executive vice president directly owned 18,740 shares in the company, valued at approximately $1,220,536.20. This represents a 16.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 10,058 shares of company stock valued at $655,078 over the last ninety days. 1.00% of the stock is owned by insiders.

Institutional Trading of Equity Residential

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Equity Residential by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 57,597,658 shares of the real estate investment trust’s stock worth $3,728,296,000 after buying an additional 1,281,354 shares during the period. Norges Bank purchased a new stake in Equity Residential in the 4th quarter worth $2,201,674,000. State Street Corp increased its holdings in Equity Residential by 2.8% in the 3rd quarter. State Street Corp now owns 24,922,935 shares of the real estate investment trust’s stock worth $1,630,103,000 after acquiring an additional 688,854 shares in the last quarter. Geode Capital Management LLC raised its position in Equity Residential by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 10,258,275 shares of the real estate investment trust’s stock worth $644,412,000 after acquiring an additional 114,604 shares during the period. Finally, First Eagle Investment Management LLC lifted its holdings in Equity Residential by 0.5% during the fourth quarter. First Eagle Investment Management LLC now owns 9,242,013 shares of the real estate investment trust’s stock valued at $582,617,000 after purchasing an additional 44,127 shares in the last quarter. Institutional investors and hedge funds own 92.68% of the company’s stock.

About Equity Residential

Equity Residential (NYSE: EQR) is a publicly traded real estate investment trust that acquires, develops, owns and operates rental apartment properties. Headquartered in Chicago, the company focuses on delivering professionally managed, market-rate apartment homes and related services to renters. Its operations cover a range of property types, including high-rise and mid-rise assets, with amenities and on-site management designed to support resident retention and occupancy.

The company’s core activities include property acquisitions, development and redevelopment, leasing, and day-to-day property management.