Zacks Research Comments on Equity Residential's FY2026 Earnings (NYSE:EQR)

Equity Residential (NYSE:EQR - Free Report) - Equities research analysts at Zacks Research decreased their FY2026 EPS estimates for Equity Residential in a research note issued on Tuesday, April 23rd. Zacks Research analyst R. Department now expects that the real estate investment trust will post earnings per share of $4.17 for the year, down from their prior estimate of $4.21. The consensus estimate for Equity Residential's current full-year earnings is $3.86 per share.

Equity Residential (NYSE:EQR - Get Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.91 by $0.02. Equity Residential had a net margin of 29.07% and a return on equity of 7.43%. The firm had revenue of $730.80 million for the quarter, compared to analyst estimates of $728.09 million. During the same period last year, the firm earned $0.87 earnings per share. The business's quarterly revenue was up 3.6% compared to the same quarter last year.

Other research analysts have also issued reports about the stock. Mizuho dropped their price target on shares of Equity Residential from $62.00 to $61.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 28th. BMO Capital Markets raised shares of Equity Residential from a "market perform" rating to an "outperform" rating and raised their price target for the company from $68.00 to $70.00 in a research report on Monday. Truist Financial dropped their price target on shares of Equity Residential from $71.00 to $67.00 and set a "buy" rating on the stock in a research report on Tuesday, April 9th. Piper Sandler reissued a "neutral" rating and set a $62.00 price target on shares of Equity Residential in a research report on Tuesday, March 26th. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $70.00 price target on shares of Equity Residential in a research report on Thursday, February 22nd. Ten investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $65.75.

Equity Residential Stock Up 2.4 %

Shares of Equity Residential stock traded up $1.52 during trading hours on Wednesday, reaching $64.61. The company's stock had a trading volume of 3,166,209 shares, compared to its average volume of 2,087,544. Equity Residential has a one year low of $52.57 and a one year high of $69.45. The company has a market capitalization of $24.48 billion, a P/E ratio of 29.37, a P/E/G ratio of 3.63 and a beta of 0.84. The stock's fifty day simple moving average is $61.80 and its two-hundred day simple moving average is $59.77. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.30 and a current ratio of 0.30.

Hedge Funds Weigh In On Equity Residential

Several hedge funds have recently bought and sold shares of EQR. CWM LLC grew its stake in Equity Residential by 14.5% during the third quarter. CWM LLC now owns 3,566 shares of the real estate investment trust's stock valued at $209,000 after acquiring an additional 452 shares in the last quarter. Arkadios Wealth Advisors grew its stake in Equity Residential by 18.9% during the third quarter. Arkadios Wealth Advisors now owns 4,517 shares of the real estate investment trust's stock valued at $265,000 after acquiring an additional 719 shares in the last quarter. HB Wealth Management LLC purchased a new position in Equity Residential during the third quarter valued at approximately $210,000. Oak Thistle LLC grew its stake in Equity Residential by 192.9% during the third quarter. Oak Thistle LLC now owns 26,053 shares of the real estate investment trust's stock valued at $1,530,000 after acquiring an additional 17,159 shares in the last quarter. Finally, Czech National Bank grew its stake in Equity Residential by 49.3% during the third quarter. Czech National Bank now owns 60,284 shares of the real estate investment trust's stock valued at $3,539,000 after acquiring an additional 19,915 shares in the last quarter. Hedge funds and other institutional investors own 92.68% of the company's stock.

Insider Transactions at Equity Residential

In other news, COO Michael L. Manelis sold 1,639 shares of Equity Residential stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $59.43, for a total value of $97,405.77. Following the completion of the transaction, the chief operating officer now owns 31,053 shares in the company, valued at $1,845,479.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Ian Kaufman sold 716 shares of the business's stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $57.80, for a total transaction of $41,384.80. Following the completion of the transaction, the chief accounting officer now owns 23,949 shares of the company's stock, valued at $1,384,252.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Michael L. Manelis sold 1,639 shares of the business's stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $59.43, for a total transaction of $97,405.77. Following the transaction, the chief operating officer now directly owns 31,053 shares of the company's stock, valued at approximately $1,845,479.79. The disclosure for this sale can be found here. Insiders sold 3,280 shares of company stock worth $192,335 over the last quarter. Corporate insiders own 1.00% of the company's stock.

Equity Residential Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Monday, March 25th were paid a $0.675 dividend. This is an increase from Equity Residential's previous quarterly dividend of $0.66. The ex-dividend date was Friday, March 22nd. This represents a $2.70 annualized dividend and a dividend yield of 4.18%. Equity Residential's dividend payout ratio (DPR) is presently 122.73%.

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.