Equity Residential (NYSE:EQR) Issues Quarterly Earnings Results

Equity Residential (NYSE:EQR - Get Free Report) released its quarterly earnings results on Tuesday. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.02, Zacks reports. The business had revenue of $760.81 million during the quarter, compared to the consensus estimate of $769.43 million. Equity Residential had a return on equity of 9.27% and a net margin of 34.76%. The business's revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.93 EPS. Equity Residential updated its Q2 2025 guidance to 0.960-1.000 EPS and its FY 2025 guidance to 3.900-4.000 EPS.

Equity Residential Stock Up 1.5 %

Shares of EQR stock traded up $1.08 on Friday, hitting $71.70. The stock had a trading volume of 2,103,171 shares, compared to its average volume of 1,699,118. The stock's 50 day moving average is $69.36 and its 200-day moving average is $71.15. The firm has a market capitalization of $27.23 billion, a price-to-earnings ratio of 26.36, a P/E/G ratio of 3.99 and a beta of 0.85. Equity Residential has a 52-week low of $59.41 and a 52-week high of $78.84. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.36 and a current ratio of 0.36.

Equity Residential Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were paid a dividend of $0.6925 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.77 dividend on an annualized basis and a dividend yield of 3.86%. This is a positive change from Equity Residential's previous quarterly dividend of $0.68. Equity Residential's dividend payout ratio (DPR) is currently 105.73%.

Analyst Ratings Changes

EQR has been the topic of several research reports. StockNews.com upgraded shares of Equity Residential from a "sell" rating to a "hold" rating in a research report on Saturday, February 8th. Mizuho dropped their price target on Equity Residential from $78.00 to $74.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. Stifel Nicolaus decreased their price objective on Equity Residential from $82.25 to $80.00 and set a "buy" rating on the stock in a research note on Wednesday. Truist Financial raised their target price on shares of Equity Residential from $76.00 to $78.00 and gave the stock a "buy" rating in a research report on Monday, March 10th. Finally, Evercore ISI boosted their price target on Equity Residential from $74.00 to $76.00 and gave the company an "in-line" rating in a report on Monday, February 10th. Ten analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $78.71.

Insider Buying and Selling

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 completion of the sale, the executive vice president now owns 35,507 shares in the company, valued at approximately $2,558,634.42. The trade was a 13.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Ian Kaufman sold 642 shares of the firm's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $72.06, for a total transaction of $46,262.52. Following the transaction, the chief accounting officer now directly owns 25,539 shares of the company's stock, valued at approximately $1,840,340.34. This represents a 2.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,763 shares of company stock valued at $1,424,217 in the last quarter. Company insiders own 1.00% of the company's stock.

Equity Residential Company Profile

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.