Zacks Research Issues Pessimistic Estimate for EQR Earnings

Key Points

• Zacks Research lowered its Q3 2026 EPS estimate for Equity Residential to $1.02 from $1.03, while forecasting full-year 2026 EPS of $4.08 and full-year 2027 EPS of $4.21.
• Analyst sentiment remains cautious, with the stock carrying a consensus “Hold” rating and an average price target of $71.40; recent target changes ranged from $64 to $72.
• Equity Residential shares opened at $64.33, while the REIT recently maintained a quarterly dividend of $0.7025, equal to a 4.4% annualized yield. Institutional investors own 92.68% of the stock.

Equity Residential (NYSE:EQR - Free Report) - Analysts at Zacks Research dropped their Q3 2026 earnings per share estimates for Equity Residential in a research note issued to investors on Wednesday, August 12th. Zacks Research analyst Team now forecasts that the real estate investment trust will post earnings per share of $1.02 for the quarter, down from their prior estimate of $1.03. The consensus estimate for Equity Residential's current full-year earnings is $4.08 per share. Zacks Research also issued estimates for Equity Residential's Q1 2027 earnings at $1.02 EPS, Q2 2027 earnings at $1.03 EPS, Q4 2027 earnings at $1.09 EPS and FY2027 earnings at $4.21 EPS.

A number of other analysts have also recently commented on the stock. Royal Bank Of Canada cut shares of Equity Residential from an "outperform" rating to a "sector perform" rating and lifted their target price for the stock from $69.00 to $70.00 in a research note on Monday, June 8th. Truist Financial raised their price target on shares of Equity Residential from $70.00 to $72.00 and gave the stock a "buy" rating in a report on Tuesday, June 16th. Wells Fargo & Company lifted their price objective on shares of Equity Residential from $62.00 to $64.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 23rd. Mizuho boosted their price objective on shares of Equity Residential from $66.00 to $70.00 and gave the company a "neutral" rating in a report on Wednesday, June 10th. Finally, Scotiabank upped their target price on Equity Residential from $67.00 to $70.00 and gave the company a "sector perform" rating in a research report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and fourteen have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $71.40.

Equity Residential Stock Performance

EQR opened at $64.33 on Thursday. Equity Residential has a 52-week low of $57.57 and a 52-week high of $71.50. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.77. The company has a market cap of $24.12 billion, a P/E ratio of 27.97, a price-to-earnings-growth ratio of 5.18 and a beta of 0.73. The firm's 50-day moving average price is $67.54 and its 200-day moving average price is $64.47.

Equity Residential Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 29th were issued a $0.7025 dividend. This represents a $2.81 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Monday, June 29th. Equity Residential's dividend payout ratio is presently 122.17%.

Institutional Investors Weigh In On Equity Residential

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC purchased a new stake in Equity Residential during the fourth quarter worth $1,964,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Equity Residential by 5.8% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,016,454 shares of the real estate investment trust's stock worth $63,051,000 after acquiring an additional 55,786 shares during the last quarter. Vestcor Inc lifted its holdings in shares of Equity Residential by 1,432.1% in the 4th quarter. Vestcor Inc now owns 114,325 shares of the real estate investment trust's stock worth $7,207,000 after acquiring an additional 106,863 shares during the last quarter. Hsbc Holdings PLC grew its position in Equity Residential by 26.7% in the 4th quarter. Hsbc Holdings PLC now owns 1,475,500 shares of the real estate investment trust's stock valued at $93,079,000 after acquiring an additional 310,859 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Equity Residential by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 10,258,275 shares of the real estate investment trust's stock valued at $644,412,000 after buying an additional 114,604 shares during the period. 92.68% of the stock is owned by institutional investors and hedge funds.

Equity Residential Company Profile

Equity Residential NYSE: EQR is a publicly traded real estate investment trust that acquires, develops, owns and operates rental apartment properties. Headquartered in Chicago, the company focuses on delivering professionally managed, market-rate apartment homes and related services to renters. Its operations cover a range of property types, including high-rise and mid-rise assets, with amenities and on-site management designed to support resident retention and occupancy.

The company's core activities include property acquisitions, development and redevelopment, leasing, and day-to-day property management.

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