Q2 EPS Estimate for Equity Residential Reduced by Analyst

Equity Residential (NYSE:EQR) – Zacks Research decreased their Q2 2027 earnings estimates for shares of Equity Residential in a report issued on Thursday, April 9th. Zacks Research analyst Team now expects that the real estate investment trust will post earnings per share of $1.07 for the quarter, down from their previous estimate of $1.08. 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 Q3 2027 earnings at $1.07 EPS, Q4 2027 earnings at $1.07 EPS and FY2027 earnings at $4.20 EPS.

Other equities analysts have also recently issued research reports about the stock. Stifel Nicolaus set a $78.50 price objective on shares of Equity Residential in a research note on Friday, February 6th. UBS Group raised their target price on shares of Equity Residential from $68.00 to $71.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Wall Street Zen upgraded shares of Equity Residential from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. BNP Paribas Exane raised their price target on shares of Equity Residential from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Tuesday, March 3rd. Finally, Piper Sandler set a $78.00 price target on shares of Equity Residential in a report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $69.58.

Equity Residential Stock Up 1.2%

Equity Residential stock opened at $61.16 on Friday. The stock has a market cap of $23.09 billion, a price-to-earnings ratio of 20.87, a PEG ratio of 4.56 and a beta of 0.73. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.73. The company’s 50-day moving average price is $61.59 and its two-hundred day moving average price is $61.62. Equity Residential has a 52 week low of $57.57 and a 52 week high of $72.40.

Equity Residential (NYSE:EQR) last released its earnings results on Thursday, February 5th. The real estate investment trust reported $1.03 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.01). The company had revenue of $781.91 million for 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 firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the business 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.

Hedge Funds Weigh In On Equity Residential

A number of hedge funds have recently made changes to their positions in the business. Norges Bank bought a new stake in shares of Equity Residential in the 4th quarter worth about $2,201,674,000. Cohen & Steers Inc. boosted its stake in shares of Equity Residential by 227.7% in the 4th quarter. Cohen & Steers Inc. now owns 7,405,502 shares of the real estate investment trust’s stock valued at $466,869,000 after purchasing an additional 5,145,442 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Equity Residential by 876.0% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,500,885 shares of the real estate investment trust’s stock valued at $291,342,000 after purchasing an additional 4,039,752 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Equity Residential by 797.2% in the 3rd quarter. Wellington Management Group LLP now owns 2,085,406 shares of the real estate investment trust’s stock valued at $134,988,000 after purchasing an additional 1,852,970 shares during the last quarter. Finally, Alyeska Investment Group L.P. raised its position in shares of Equity Residential by 353.5% in the 3rd quarter. Alyeska Investment Group L.P. now owns 2,002,892 shares of the real estate investment trust’s stock valued at $129,647,000 after acquiring an additional 1,561,241 shares during the period. Institutional investors and hedge funds own 92.68% of the company’s stock.

Insider Buying and Selling

In related news, COO Michael L. Manelis sold 5,765 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $65.13, for a total transaction of $375,474.45. Following the transaction, the chief operating officer owned 46,131 shares of the company’s stock, valued at approximately $3,004,512.03. The trade was a 11.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Catherine Carraway sold 656 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $65.13, for a total value of $42,725.28. Following the completion of the transaction, the executive vice president directly owned 18,339 shares of the company’s stock, valued at approximately $1,194,419.07. This trade represents a 3.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 10,058 shares of company stock valued at $655,078. 1.10% of the stock is owned by company insiders.

Equity Residential Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Monday, March 30th were given a dividend of $0.7025 per share. This represents a $2.81 dividend on an annualized basis and a yield of 4.6%. This is an increase from Equity Residential’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Monday, March 30th. Equity Residential’s payout ratio is presently 95.90%.

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.