Zacks Research Analysts Increase Earnings Estimates for EQR

Key Points

• Zacks Research analysts have raised their FY2025 earnings estimate for Equity Residential from $3.96 to $3.97 per share, slightly below the consensus estimate of $3.98.
• The company reported earnings of $0.99 per share for the latest quarter, meeting consensus expectations, while its revenue slightly missed at $768.83 million compared to estimates of $770.60 million.
• Equity Residential's recent quarterly dividend of $0.6925 reflects an annualized yield of 4.3%, with a dividend payout ratio currently at 104.53%.

Equity Residential (NYSE:EQR - Free Report) - Investment analysts at Zacks Research increased their FY2025 earnings estimates for shares of Equity Residential in a research report issued on Monday, August 25th. Zacks Research analyst Team now anticipates that the real estate investment trust will post earnings of $3.97 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. Zacks Research also issued estimates for Equity Residential's Q4 2025 earnings at $1.03 EPS, Q1 2026 earnings at $0.98 EPS, Q2 2026 earnings at $1.02 EPS, Q3 2026 earnings at $1.11 EPS, Q4 2026 earnings at $1.06 EPS, FY2026 earnings at $4.16 EPS, Q1 2027 earnings at $1.01 EPS, Q2 2027 earnings at $1.05 EPS and FY2027 earnings at $4.28 EPS.

Equity Residential (NYSE:EQR - Get Free Report) last released its earnings results on Monday, August 4th. The real estate investment trust reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. The company had revenue of $768.83 million during the quarter, compared to the consensus estimate of $770.60 million. Equity Residential had a net margin of 33.22% and a return on equity of 9.05%. The company's revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.97 EPS. Equity Residential has set its FY 2025 guidance at 3.970-4.030 EPS. Q3 2025 guidance at 0.990-1.030 EPS.

A number of other research analysts have also issued reports on the stock. Royal Bank Of Canada boosted their target price on shares of Equity Residential from $75.00 to $76.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Wall Street Zen lowered shares of Equity Residential from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. UBS Group cut their price target on shares of Equity Residential from $84.00 to $76.00 and set a "buy" rating on the stock in a report on Tuesday, July 15th. Wedbush restated a "neutral" rating and set a $75.00 price target on shares of Equity Residential in a report on Wednesday, May 28th. Finally, Barclays dropped their price objective on shares of Equity Residential from $83.00 to $81.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 12th. Eight equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $77.34.

Equity Residential Price Performance

Shares of NYSE:EQR opened at $65.18 on Thursday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.75. The firm has a 50-day simple moving average of $65.80 and a 200 day simple moving average of $68.35. The company has a market cap of $24.89 billion, a PE ratio of 24.59, a P/E/G ratio of 3.27 and a beta of 0.92. Equity Residential has a fifty-two week low of $59.41 and a fifty-two week high of $78.83.

Equity Residential Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Tuesday, June 24th were given a $0.6925 dividend. This represents a $2.77 annualized dividend and a yield of 4.3%. The ex-dividend date was Tuesday, June 24th. Equity Residential's dividend payout ratio (DPR) is presently 104.53%.

Institutional Investors Weigh In On Equity Residential

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Equity Residential by 0.6% in the second quarter. Vanguard Group Inc. now owns 56,316,304 shares of the real estate investment trust's stock worth $3,800,787,000 after purchasing an additional 315,370 shares in the last quarter. Norges Bank acquired a new position in shares of Equity Residential in the second quarter valued at $2,351,689,000. State Street Corp increased its holdings in shares of Equity Residential by 1.8% in the second quarter. State Street Corp now owns 24,234,081 shares of the real estate investment trust's stock valued at $1,651,909,000 after purchasing an additional 417,119 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Equity Residential by 5.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,711,588 shares of the real estate investment trust's stock valued at $1,482,537,000 after purchasing an additional 1,101,027 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Equity Residential by 1.4% in the second quarter. Geode Capital Management LLC now owns 9,884,977 shares of the real estate investment trust's stock valued at $664,662,000 after acquiring an additional 137,533 shares in the last quarter. 92.68% of the stock is currently owned by institutional investors and hedge funds.

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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