Equity Residential (EQR) Expected to Announce Quarterly Earnings on Tuesday

Equity Residential (NYSE:EQR - Get Free Report) is projected to post its Q1 2025 quarterly earnings results after the market closes on Tuesday, April 29th. Analysts expect Equity Residential to post earnings of $0.94 per share and revenue of $769.43 million for the quarter.

Equity Residential Stock Performance

Shares of Equity Residential stock traded down $0.75 on Friday, reaching $68.56. 1,318,693 shares of the company traded hands, compared to its average volume of 1,694,798. The company has a 50 day moving average of $69.52 and a 200 day moving average of $71.26. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.36 and a quick ratio of 0.36. Equity Residential has a 52 week low of $59.41 and a 52 week high of $78.84. The firm has a market capitalization of $26.04 billion, a PE ratio of 25.21, a PEG ratio of 3.99 and a beta of 0.85.

Equity Residential Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were given a $0.6925 dividend. This is an increase from Equity Residential's previous quarterly dividend of $0.68. This represents a $2.77 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date was Monday, March 31st. Equity Residential's dividend payout ratio (DPR) is currently 101.84%.

Insider Activity

In related news, EVP Scott Fenster sold 5,340 shares of Equity Residential stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $72.06, for a total value of $384,800.40. Following the transaction, the executive vice president now owns 35,507 shares in the company, valued at $2,558,634.42. This trade represents a 13.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Ian Kaufman sold 642 shares of the company's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $72.06, for a total transaction of $46,262.52. Following the sale, the chief accounting officer now owns 25,539 shares of the company's stock, valued at approximately $1,840,340.34. The trade was a 2.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,763 shares of company stock worth $1,424,217. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EQR. Evercore ISI increased their price target on Equity Residential from $74.00 to $76.00 and gave the stock an "in-line" rating in a research note on Monday, February 10th. Scotiabank lifted their target price on shares of Equity Residential from $78.00 to $79.00 and gave the stock a "sector perform" rating in a research note on Friday, February 14th. Barclays dropped their price target on shares of Equity Residential from $83.00 to $79.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. Wells Fargo & Company reduced their price objective on shares of Equity Residential from $77.00 to $75.00 and set an "equal weight" rating for the company in a research note on Friday, January 24th. Finally, Stifel Nicolaus set a $82.25 target price on Equity Residential in a research report on Tuesday, February 4th. Ten investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $79.01.

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.