Equity Residential (NYSE:EQR) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Equity Residential has received an average rating of "Moderate Buy" from sixteen brokerages, with a target price averaging $77.78.
• The company's recent quarterly earnings met expectations at $0.99 EPS, with revenue of $768.83 million, showing a 4.7% year-over-year increase.
• Equity Residential recently paid a quarterly dividend of $0.6925 per share, representing a 4.3% yield based on an annual payout of $2.77.

Shares of Equity Residential (NYSE:EQR - Get Free Report) have received an average rating of "Moderate Buy" from the sixteen brokerages that are covering the stock, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $77.7813.

Several brokerages have recently weighed in on EQR. Mizuho dropped their price objective on shares of Equity Residential from $76.00 to $71.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Morgan Stanley decreased their target price on Equity Residential from $76.50 to $75.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 13th. Wedbush reiterated a "neutral" rating and issued a $75.00 price target on shares of Equity Residential in a report on Wednesday, May 28th. Royal Bank Of Canada raised their price objective on Equity Residential from $75.00 to $76.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Finally, Scotiabank decreased their price objective on Equity Residential from $78.00 to $77.00 and set a "sector perform" rating for the company in a report on Thursday, August 14th.

Equity Residential Price Performance

Shares of EQR opened at $64.4680 on Thursday. The firm has a market cap of $24.62 billion, a PE ratio of 24.33, a price-to-earnings-growth ratio of 3.27 and a beta of 0.92. Equity Residential has a 52-week low of $59.41 and a 52-week high of $78.83. The business's 50 day moving average price is $66.23 and its two-hundred day moving average price is $68.58. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.17 and a current ratio of 0.17.

Equity Residential (NYSE:EQR - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.99 earnings per share for the quarter, meeting the consensus estimate of $0.99. The company had revenue of $768.83 million during the quarter, compared to analyst estimates of $770.60 million. Equity Residential had a net margin of 33.22% and a return on equity of 9.05%. Equity Residential's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.97 EPS. Equity Residential has set its FY 2025 guidance at 3.970-4.030 EPS. Q3 2025 guidance at 0.990-1.030 EPS. On average, equities analysts anticipate that Equity Residential will post 3.98 EPS for the current year.

Equity Residential Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Tuesday, June 24th were issued a dividend of $0.6925 per share. The ex-dividend date was Tuesday, June 24th. This represents a $2.77 annualized dividend and a yield of 4.3%. Equity Residential's dividend payout ratio is presently 104.53%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Versant Capital Management Inc increased its holdings in Equity Residential by 51.6% in the 1st quarter. Versant Capital Management Inc now owns 461 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 157 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Equity Residential by 27.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 740 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 160 shares during the period. Greenleaf Trust increased its stake in shares of Equity Residential by 4.4% in the first quarter. Greenleaf Trust now owns 3,858 shares of the real estate investment trust's stock worth $276,000 after purchasing an additional 162 shares in the last quarter. Brown Advisory Inc. increased its stake in shares of Equity Residential by 1.6% in the first quarter. Brown Advisory Inc. now owns 10,733 shares of the real estate investment trust's stock worth $768,000 after purchasing an additional 166 shares in the last quarter. Finally, Avior Wealth Management LLC raised its position in shares of Equity Residential by 2.9% in the first quarter. Avior Wealth Management LLC now owns 6,283 shares of the real estate investment trust's stock valued at $450,000 after purchasing an additional 177 shares during the period. 92.68% of the stock is currently owned by institutional investors and hedge funds.

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.

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