Equity Residential (EQR) Stock Forecast, Price & News

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Equity Residential in the last twelve months. There are currently 1 sell rating, 11 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" EQR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EQR, but not buy additional shares or sell existing shares.
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17 equities research analysts have issued 12-month price targets for Equity Residential's shares. Their EQR share price forecasts range from $58.00 to $77.00. On average, they anticipate the company's stock price to reach $69.94 in the next year. This suggests a possible upside of 16.3% from the stock's current price.
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Equity Residential's stock was trading at $59.00 at the beginning of the year. Since then, EQR shares have increased by 1.9% and is now trading at $60.13.
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Equity Residential saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 5,540,000 shares, a decrease of 9.0% from the August 15th total of 6,090,000 shares. Based on an average trading volume of 1,660,000 shares, the short-interest ratio is presently 3.3 days. Currently, 1.5% of the shares of the stock are short sold.
View Equity Residential's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our EQR earnings forecast.

Equity Residential (NYSE:EQR) posted its earnings results on Tuesday, April, 26th. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.80 by $0.61. Equity Residential had a trailing twelve-month return on equity of 7.40% and a net margin of 29.58%. During the same period in the prior year, the business posted $0.68 EPS.
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Equity Residential declared a quarterly dividend on Friday, September 15th. Investors of record on Tuesday, September 26th will be paid a dividend of $0.6625 per share on Friday, October 13th. This represents a $2.65 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date of this dividend is Monday, September 25th.
Read our dividend analysis for EQR.

ETFs with the largest weight of Equity Residential (NYSE:EQR) stock in their portfolio include ETFB Green SRI REITs ETF (RITA), Kelly Residential & Apartment Real Estate ETF (RESI), iShares Residential and Multisector Real Estate ETF (REZ), Residential REIT ETF (HAUS), Nuveen Short-Term REIT ETF (NURE), ALPS Active REIT ETF (REIT), SP Funds S&P Global REIT Sharia ETF (SPRE) and FlexShares Global Quality Real Estate Index Fund (GQRE).

Equity Residential (NYSE:EQR) pays an annual dividend of $2.65 per share and currently has a dividend yield of 4.41%. EQR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 119.91%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, EQR will have a dividend payout ratio of 66.75% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EQR.

Equity Residential updated its FY 2023 earnings guidance on Saturday, August, 5th. The company provided EPS guidance of $3.77-$3.83 for the period, compared to the consensus earnings per share estimate of $3.77. The company issued revenue guidance of -.

88 employees have rated Equity Residential Chief Executive Officer Mark Parrell on Glassdoor.com. Mark Parrell has an approval rating of 90% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Equity Residential investors own include Cisco Systems (CSCO), AT&T (T), Intel (INTC), Bank of America (BAC), NVIDIA (NVDA), AbbVie (ABBV), Johnson & Johnson (JNJ), JPMorgan Chase & Co. (JPM), Simon Property Group (SPG) and American Tower (AMT).

Equity Residential trades on the New York Stock Exchange (NYSE) under the ticker symbol "EQR."

Equity Residential's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (10.65%), State Street Corp (6.60%), APG Asset Management US Inc. (3.09%), JPMorgan Chase & Co. (2.83%), Geode Capital Management LLC (2.11%) and Bank Julius Baer & Co. Ltd Zurich (1.79%). Insiders that own company stock include Alexander Brackenridge, Bradley A Keywell, Christa L Sorenson, Christa L Sorenson, David J Neithercut, Ian Kaufman, Linda Bynoe, Mark S Shapiro, Mary Kay Haben, Michael L Manelis, Michael L Manelis, Robert Garechana and Scott Fenster.
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Shares of EQR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of EQR stock can currently be purchased for approximately $60.13.

Equity Residential (NYSE:EQR) has a market capitalization of $23.61 billion and generates $2.74 billion in revenue each year. The real estate investment trust earns $776.91 million in net income (profit) each year or $2.21 on an earnings per share basis.

The company employs 2,400 workers across the globe.

Equity Residential's mailing address is TWO NORTH RIVERSIDE PLAZA SUITE 400, CHICAGO IL, 60606. The official website for the company is www.eqr.com. The real estate investment trust can be reached via phone at (312) 474-1300, via email at mmckenna@eqrworld.com, or via fax at 312-454-8703.