Equity Residential (NYSE:EQR) Plans Quarterly Dividend of $0.69

Key Points

• Equity Residential has declared a quarterly dividend of $0.69 per share, set to be paid on October 10th to stockholders of record on September 25th, with an annualized dividend yield of 4.1%.
• The company has a payout ratio of 205.2%, indicating it currently relies on its balance sheet to cover its dividend, but analysts anticipate a future payout ratio of 65.8% given estimated earnings of $4.21 per share next year.
• Equity Residential reported $768.83 million in revenue during its last quarter, a 4.7% year-over-year increase, while earnings per share met analyst expectations at $0.99.

Equity Residential (NYSE:EQR - Get Free Report) declared a quarterly dividend on Friday, September 12th, RTT News reports. Stockholders of record on Thursday, September 25th will be given a dividend of 0.6925 per share by the real estate investment trust on Friday, October 10th. This represents a c) annualized dividend and a dividend yield of 4.1%.

Equity Residential has a payout ratio of 205.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Equity Residential to earn $4.21 per share next year, which means the company should continue to be able to cover its $2.77 annual dividend with an expected future payout ratio of 65.8%.

Equity Residential Price Performance

Equity Residential stock opened at $66.92 on Friday. The firm has a market capitalization of $25.56 billion, a P/E ratio of 25.25, a PEG ratio of 3.34 and a beta of 0.93. Equity Residential has a 1 year low of $59.41 and a 1 year high of $78.83. The business has a 50-day moving average of $65.44 and a 200-day moving average of $67.93. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.75.

Equity Residential (NYSE:EQR - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.99. Equity Residential had a return on equity of 9.05% and a net margin of 33.22%.The business had revenue of $768.83 million during the quarter, compared to analyst estimates of $770.60 million. During the same period in the previous year, the firm earned $0.97 EPS. Equity Residential's quarterly revenue was up 4.7% compared to the same quarter last year. 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.

Hedge Funds Weigh In On Equity Residential

A number of large investors have recently bought and sold shares of EQR. Norges Bank acquired a new position in Equity Residential during the 2nd quarter worth approximately $2,351,689,000. Nuveen LLC bought a new stake in shares of Equity Residential during the 1st quarter worth approximately $165,442,000. Prudential Financial Inc. raised its stake in shares of Equity Residential by 725.6% during the 2nd quarter. Prudential Financial Inc. now owns 1,908,429 shares of the real estate investment trust's stock worth $128,800,000 after purchasing an additional 1,677,278 shares in the last quarter. Invesco Ltd. raised its stake in shares of Equity Residential by 20.9% during the 2nd quarter. Invesco Ltd. now owns 8,019,026 shares of the real estate investment trust's stock worth $541,204,000 after purchasing an additional 1,384,580 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Equity Residential by 5.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,711,588 shares of the real estate investment trust's stock worth $1,482,537,000 after purchasing an additional 1,101,027 shares in the last quarter. Institutional investors and hedge funds own 92.68% of the company's stock.

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.

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