NYSE:EQR

Equity Residential (EQR) Stock Price, News & Analysis

$67.13
+0.04 (+0.06%)
(As of 05/17/2024 ET)
Today's Range
$66.81
$67.35
50-Day Range
$59.69
$67.57
52-Week Range
$52.57
$69.45
Volume
1.61 million shs
Average Volume
2.05 million shs
Market Capitalization
$25.48 billion
P/E Ratio
27.85
Dividend Yield
4.02%
Price Target
$68.22

Equity Residential MarketRank™ Stock Analysis

Analyst Rating
Hold
2.35 Rating Score
Upside/​Downside
1.6% Upside
$68.22 Price Target
Short Interest
Healthy
1.45% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.23
Upright™ Environmental Score
News Sentiment
0.64mentions of Equity Residential in the last 14 days
Based on 25 Articles This Week
Insider Trading
Selling Shares
$474,016 Sold Last Quarter
Proj. Earnings Growth
2.84%
From $3.88 to $3.99 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.

4.40 out of 5 stars

Finance Sector

185th out of 873 stocks

Real Estate Investment Trusts Industry

28th out of 184 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

Equity Residential (NYSE:EQR) PT Raised to $75.00 at UBS Group
Equity Residential (NYSE:EQR) PT Raised to $72.00
Equity Residential (NYSE:EQR) Downgraded by Evercore ISI
Why I'm Steering Clear Of REIT ETFs
Beyond The Numbers: 9 Analysts Discuss Equity Residential Stock
Q1 2024 Equity Residential Earnings Call
Stocks Find Support on Q1 Earnings and Lower Bond Yields
Stocks Climb as Q1 Earnings Roll In
Equity Residential: Q1 Earnings Snapshot
The Analyst Landscape: 7 Takes On Equity Residential
These Top REITs Have Yields Up to 9.1%
See More Headlines
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Company Calendar

Ex-Dividend for 4/12 Dividend
3/22/2024
Dividend Payable
4/12/2024
Last Earnings
4/23/2024
Today
5/17/2024
Next Earnings (Estimated)
7/25/2024
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
$68.22
High Stock Price Target
$75.00
Low Stock Price Target
$59.50
Potential Upside/Downside
+1.6%
Consensus Rating
Hold
Rating Score (0-4)
2.35
Research Coverage
17 Analysts

Profitability

Net Income
$835.44 million
Pretax Margin
33.12%

Debt

Sales & Book Value

Annual Sales
$2.87 billion
Cash Flow
$4.59 per share
Book Value
$29.66 per share

Miscellaneous

Free Float
375,758,000
Market Cap
$25.48 billion
Optionable
Optionable
Beta
0.82

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EQR Stock Analysis - Frequently Asked Questions

Should I buy or sell Equity Residential stock right now?

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Equity Residential in the last year. There are currently 11 hold ratings and 6 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?

17 brokerages have issued 1-year price targets for Equity Residential's stock. Their EQR share price targets range from $59.50 to $75.00. On average, they anticipate the company's share price to reach $68.22 in the next year. This suggests a possible upside of 1.6% 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 start of the year. Since then, EQR shares have increased by 9.8% and is now trading at $67.13.
View the best growth stocks for 2024 here
.

When is Equity Residential's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 25th 2024.
View our EQR earnings forecast
.

How were Equity Residential's earnings last quarter?

Equity Residential (NYSE:EQR) issued its quarterly earnings results on Tuesday, April, 23rd. The real estate investment trust reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.02. The real estate investment trust had revenue of $730.80 million for the quarter, compared to the consensus estimate of $728.09 million. Equity Residential had a net margin of 31.70% and a trailing twelve-month return on equity of 8.18%. The company's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.87 EPS.
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. Shareholders 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 4.02%. The ex-dividend date of this dividend 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 4.00%. 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 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 112.03%. 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 67.67% 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 second quarter 2024 earnings guidance on Tuesday, April, 23rd. The company provided earnings per share guidance of 0.920-0.960 for the period, compared to the consensus earnings per share estimate of 0.960. 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 a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (15.02%), Price T Rowe Associates Inc. MD (5.34%), First Eagle Investment Management LLC (2.46%), Canada Pension Plan Investment Board (1.30%), Centersquare Investment Management LLC (1.21%) and Bank of New York Mellon Corp (0.65%). Insiders that own company stock include Alexander Brackenridge, Bradley A Keywell, Catherine Carraway, 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 5/18/2024 by MarketBeat.com Staff

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