Equity Residential (NYSE:EQR) Posts Quarterly Earnings Results, Hits Expectations

Key Points

• Equity Residential reported quarterly earnings of $0.99 EPS, matching the consensus estimate, with a net margin of 33.11% and a return on equity of 8.93%.
• The company updated its FY 2025 EPS guidance to 3.970-4.030 and Q3 2025 guidance to 0.990-1.030.
• Equity Residential declared a quarterly dividend of $0.6925 per share, resulting in an annualized dividend of $2.77 and a yield of 4.4%.

Equity Residential (NYSE:EQR - Get Free Report) released its quarterly earnings data on Monday. The real estate investment trust reported $0.99 EPS for the quarter, meeting the consensus estimate of $0.99, Zacks reports. Equity Residential had a net margin of 33.11% and a return on equity of 8.93%. Equity Residential updated its FY 2025 guidance to 3.970-4.030 EPS and its Q3 2025 guidance to 0.990-1.030 EPS.

Equity Residential Price Performance

Shares of NYSE EQR traded down $0.06 during mid-day trading on Monday, reaching $62.69. The company's stock had a trading volume of 2,858,222 shares, compared to its average volume of 1,917,268. The stock has a 50-day moving average of $67.70 and a two-hundred day moving average of $69.10. The stock has a market capitalization of $23.82 billion, a P/E ratio of 23.93, a P/E/G ratio of 3.25 and a beta of 0.92. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.20 and a current ratio of 0.20. Equity Residential has a 1-year low of $59.41 and a 1-year high of $78.83.

Equity Residential Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Tuesday, June 24th were given a $0.6925 dividend. This represents a $2.77 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Tuesday, June 24th. Equity Residential's dividend payout ratio is 105.73%.

Institutional Investors Weigh In On Equity Residential

A hedge fund recently raised its stake in Equity Residential stock. Empowered Funds LLC grew its holdings in Equity Residential (NYSE:EQR - Free Report) by 3.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,489 shares of the real estate investment trust's stock after buying an additional 226 shares during the period. Empowered Funds LLC's holdings in Equity Residential were worth $536,000 as of its most recent filing with the Securities & Exchange Commission. 92.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on EQR shares. Wedbush reissued a "neutral" rating and set a $75.00 price target on shares of Equity Residential in a report on Wednesday, May 28th. Evercore ISI raised shares of Equity Residential from an "in-line" rating to an "outperform" rating and increased their price target for the stock from $74.00 to $75.00 in a report on Monday, July 7th. Barclays increased their price target on shares of Equity Residential from $79.00 to $83.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Scotiabank lowered their price target on shares of Equity Residential from $82.00 to $78.00 and set a "sector perform" rating on the stock in a report on Friday, June 13th. Finally, Royal Bank Of Canada increased their price target on shares of Equity Residential from $75.00 to $76.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $78.40.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.