Wedbush Forecasts Increased Earnings for Equity Residential

Equity Residential (NYSE:EQR - Free Report) - Analysts at Wedbush raised their FY2025 earnings estimates for Equity Residential in a note issued to investors on Monday, May 5th. Wedbush analyst R. Anderson now forecasts that the real estate investment trust will earn $3.99 per share for the year, up from their prior forecast of $3.96. The consensus estimate for Equity Residential's current full-year earnings is $3.98 per share.

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

EQR has been the subject of a number of other reports. Stifel Nicolaus decreased their price target on Equity Residential from $82.25 to $80.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Truist Financial lifted their price target on Equity Residential from $76.00 to $78.00 and gave the stock a "buy" rating in a research report on Monday, March 10th. Royal Bank of Canada increased their price objective on Equity Residential from $75.00 to $76.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Wells Fargo & Company reduced their price target on shares of Equity Residential from $77.00 to $75.00 and set an "equal weight" rating for the company in a research report on Friday, January 24th. Finally, Evercore ISI raised their price objective on shares of Equity Residential from $74.00 to $76.00 and gave the stock an "in-line" rating in a research report on Monday, February 10th. Ten analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $78.94.

Equity Residential Trading Up 0.4 %

Shares of Equity Residential stock traded up $0.25 on Wednesday, reaching $69.93. The company had a trading volume of 1,134,969 shares, compared to its average volume of 1,704,557. The firm has a market cap of $26.57 billion, a PE ratio of 25.71, a PEG ratio of 3.99 and a beta of 0.89. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.36 and a current ratio of 0.36. The firm's 50 day moving average price is $69.00 and its two-hundred day moving average price is $71.02. Equity Residential has a 52-week low of $59.41 and a 52-week high of $78.84.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in Equity Residential during the fourth quarter worth $2,493,426,000. Northern Trust Corp raised its stake in Equity Residential by 53.1% in the 4th quarter. Northern Trust Corp now owns 6,476,004 shares of the real estate investment trust's stock worth $464,718,000 after purchasing an additional 2,246,555 shares in the last quarter. Invesco Ltd. increased its stake in Equity Residential by 12.0% during the 4th quarter. Invesco Ltd. now owns 6,522,442 shares of the real estate investment trust's stock worth $468,050,000 after acquiring an additional 696,343 shares during the period. Adelante Capital Management LLC raised its stake in Equity Residential by 172.1% in the fourth quarter. Adelante Capital Management LLC now owns 1,077,337 shares of the real estate investment trust's stock valued at $77,310,000 after purchasing an additional 681,356 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Equity Residential by 8.3% during the 3rd quarter. Principal Financial Group Inc. now owns 7,745,615 shares of the real estate investment trust's stock worth $576,737,000 after acquiring an additional 591,866 shares in the last quarter. Institutional investors own 92.68% of the company's stock.

Equity Residential Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were given a $0.6925 dividend. This represents a $2.77 annualized dividend and a yield of 3.96%. The ex-dividend date of this dividend was Monday, March 31st. This is a boost from Equity Residential's previous quarterly dividend of $0.68. Equity Residential's payout ratio is 105.73%.

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.