Zacks Research Has Bearish Estimate for EQR Q3 Earnings

Equity Residential (NYSE:EQR - Free Report) - Research analysts at Zacks Research reduced their Q3 2025 earnings estimates for Equity Residential in a research note issued to investors on Tuesday, May 20th. Zacks Research analyst R. Department now forecasts that the real estate investment trust will post earnings per share of $1.00 for the quarter, down from their prior forecast of $1.02. 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 Q2 2026 earnings at $1.03 EPS, Q1 2027 earnings at $1.04 EPS and FY2027 earnings at $4.34 EPS.

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

Several other equities analysts have also recently weighed in on EQR. Evercore ISI increased 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 note on Monday, February 10th. Royal Bank of Canada increased their price objective on shares of Equity Residential from $75.00 to $76.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Truist Financial raised their target price on shares of Equity Residential from $76.00 to $78.00 and gave the stock a "buy" rating in a research note on Monday, March 10th. Scotiabank raised their target price on shares of Equity Residential from $79.00 to $82.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Finally, Stifel Nicolaus decreased their target price on shares of Equity Residential from $82.25 to $80.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $79.50.

Equity Residential Stock Up 0.9%

Equity Residential stock traded up $0.64 during mid-day trading on Thursday, reaching $68.25. The stock had a trading volume of 564,340 shares, compared to its average volume of 1,726,687. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.36 and a quick ratio of 0.36. The company has a market capitalization of $25.93 billion, a price-to-earnings ratio of 25.09, a PEG ratio of 3.99 and a beta of 0.89. The company has a 50-day moving average price of $68.86 and a two-hundred day moving average price of $70.75. Equity Residential has a one year low of $59.41 and a one year high of $78.84.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of EQR. Park Avenue Securities LLC boosted its stake in Equity Residential by 87.2% during the fourth quarter. Park Avenue Securities LLC now owns 8,706 shares of the real estate investment trust's stock worth $625,000 after buying an additional 4,056 shares during the period. Merit Financial Group LLC purchased a new position in Equity Residential during the fourth quarter worth $351,000. Ameritas Advisory Services LLC boosted its stake in Equity Residential by 7.9% during the fourth quarter. Ameritas Advisory Services LLC now owns 10,454 shares of the real estate investment trust's stock worth $750,000 after buying an additional 763 shares during the period. Atomi Financial Group Inc. boosted its stake in Equity Residential by 8.3% during the fourth quarter. Atomi Financial Group Inc. now owns 3,707 shares of the real estate investment trust's stock worth $266,000 after buying an additional 284 shares during the period. Finally, Blue Trust Inc. boosted its stake in Equity Residential by 32.4% during the fourth quarter. Blue Trust Inc. now owns 7,397 shares of the real estate investment trust's stock worth $551,000 after buying an additional 1,811 shares during the period. 92.68% of the stock is owned by hedge funds and other institutional investors.

Equity Residential Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were issued a $0.6925 dividend. The ex-dividend date of this dividend was Monday, March 31st. This is a positive change from Equity Residential's previous quarterly dividend of $0.68. This represents a $2.77 dividend on an annualized basis and a dividend yield of 4.06%. Equity Residential's dividend payout ratio (DPR) is 105.73%.

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.