Wedbush Reduces Earnings Estimates for Equity Residential

Equity Residential (NYSE:EQR - Free Report) - Analysts at Wedbush cut their FY2025 earnings estimates for shares of Equity Residential in a note issued to investors on Wednesday, May 28th. Wedbush analyst R. Anderson now forecasts that the real estate investment trust will post earnings of $3.98 per share for the year, down from their previous forecast of $3.99. Wedbush has a "Neutral" rating and a $75.00 price target on the stock. The consensus estimate for Equity Residential's current full-year earnings is $3.98 per share.

Equity Residential (NYSE:EQR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.02. The firm had revenue of $760.81 million during the quarter, compared to analysts' expectations of $769.43 million. Equity Residential had a return on equity of 9.27% and a net margin of 34.76%. The company's quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.93 EPS.

EQR has been the subject of a number of other research reports. Royal Bank of Canada upped their price objective on shares of Equity Residential from $75.00 to $76.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Stifel Nicolaus lowered their target price on Equity Residential from $82.25 to $80.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Truist Financial increased their target price on Equity Residential from $76.00 to $78.00 and gave the stock a "buy" rating in a research note on Monday, March 10th. Wall Street Zen raised shares of Equity Residential from a "sell" rating to a "hold" rating in a research report on Saturday, February 8th. Finally, Barclays increased their target price on Equity Residential from $79.00 to $83.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Equity Residential currently has an average rating of "Hold" and an average target price of $79.50.

Equity Residential Trading Down 1.1%

Shares of Equity Residential stock traded down $0.75 on Friday, hitting $69.18. 505,429 shares of the company's stock traded hands, compared to its average volume of 1,854,056. The firm's 50-day moving average price is $68.73 and its two-hundred day moving average price is $70.61. The stock has a market capitalization of $26.28 billion, a PE ratio of 25.43, a price-to-earnings-growth ratio of 3.99 and a beta of 0.89. 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 one year low of $59.41 and a one year high of $78.83.

Equity Residential Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were issued a dividend of $0.6925 per share. This is an increase from Equity Residential's previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.77 annualized dividend and a dividend yield of 4.00%. Equity Residential's payout ratio is presently 105.73%.

Institutional Investors Weigh In On Equity Residential

A number of institutional investors have recently made changes to their positions in EQR. SRS Capital Advisors Inc. boosted its stake in Equity Residential by 607.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 361 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 310 shares during the period. Versant Capital Management Inc boosted 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 valued at $33,000 after purchasing an additional 157 shares during the period. GKV Capital Management Co. Inc. bought a new stake in Equity Residential in the 1st quarter valued at about $37,000. Smartleaf Asset Management LLC boosted its holdings in Equity Residential by 38.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 558 shares of the real estate investment trust's stock valued at $40,000 after purchasing an additional 156 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of Equity Residential by 109.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 551 shares of the real estate investment trust's stock valued at $40,000 after buying an additional 288 shares during the period. Institutional investors own 92.68% 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.