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A 'soft landing' or a recession? How each one might affect America's households and businesses
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How major US stock indexes fared Friday, 12/8/2023
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
MarketBeat Week in Review – 12/4 - 12/8
FTC opens inquiry of Chevron-Hess merger, marking second review this week of major oil industry deal
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
How does the Consumer Price Index affect the stock market?
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
A 'soft landing' or a recession? How each one might affect America's households and businesses
Carrier Global, Marathon Oil rise; RH, Newmont fall, Friday, 12/8/2023
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Closing prices for crude oil, gold and other commodities
How major US stock indexes fared Friday, 12/8/2023
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
MarketBeat Week in Review – 12/4 - 12/8
FTC opens inquiry of Chevron-Hess merger, marking second review this week of major oil industry deal
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
How does the Consumer Price Index affect the stock market?
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
A 'soft landing' or a recession? How each one might affect America's households and businesses
Carrier Global, Marathon Oil rise; RH, Newmont fall, Friday, 12/8/2023
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Closing prices for crude oil, gold and other commodities
How major US stock indexes fared Friday, 12/8/2023
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
MarketBeat Week in Review – 12/4 - 12/8
FTC opens inquiry of Chevron-Hess merger, marking second review this week of major oil industry deal
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
How does the Consumer Price Index affect the stock market?
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
A 'soft landing' or a recession? How each one might affect America's households and businesses
Carrier Global, Marathon Oil rise; RH, Newmont fall, Friday, 12/8/2023
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Closing prices for crude oil, gold and other commodities
How major US stock indexes fared Friday, 12/8/2023
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
MarketBeat Week in Review – 12/4 - 12/8
FTC opens inquiry of Chevron-Hess merger, marking second review this week of major oil industry deal

Equity Residential Stock Price, News & Analysis (NYSE:EQR)

$58.82
+0.12 (+0.20%)
(As of 12/8/2023 ET)
Compare
Today's Range
$58.15
$58.85
50-Day Range
$53.19
$60.74
52-Week Range
$52.57
$69.45
Volume
1.65 million shs
Average Volume
2.19 million shs
Market Capitalization
$22.34 billion
P/E Ratio
32.68
Dividend Yield
4.51%
Price Target
$65.68

Equity Residential MarketRank™ Stock Analysis

Analyst Rating
Hold
2.21 Rating Score
Upside/​Downside
11.7% Upside
$65.68 Price Target
Short Interest
Healthy
1.59% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.23
Upright™ Environmental Score
News Sentiment
0.49mentions of Equity Residential in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$1.36 M Sold Last Quarter
Proj. Earnings Growth
4.23%
From $3.78 to $3.94 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.64 out of 5 stars

Finance Sector

131st out of 871 stocks

Real Estate Investment Trusts Industry

26th out of 184 stocks


EQR stock logo

About Equity Residential Stock (NYSE:EQR)

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, D.C., Seattle, San Francisco and Southern California, and an expanding presence in Denver, Atlanta, Dallas/Ft. Worth and Austin.

EQR Stock Price History

EQR Stock News Headlines

Home sales hit a 13-year low... what now? (EQR)
Here's the whole real estate strategy in a nutshell, you can copy Buffett's plan, or play a completely new one of your own. You can't help but make money
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Equity Residential (EQR.HA)
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Wells Fargo Keeps Their Buy Rating on Equity Residential (EQR)
Q3 2023 Equity Residential Earnings Call
Equity Residential Q3 Profit Down
Equity Residential Reports Third Quarter 2023 Results
Equity Residential (EQR) Reports Mixed Q3 2023 Results
Equity Residential (E1QR34.SA)
Equity Residential Issues 2023 ESG Report
Is it Safe to Keep Your Equity Residential (EQR)?
See More Headlines
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Company Calendar

Last Earnings
4/26/2022
Ex-Dividend for 10/13 Dividend
9/25/2023
Dividend Payable
10/13/2023
Today
12/09/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/08/2024

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Residential REITs
Sector
Finance
CUSIP
29476L10
Employees
2,400
Year Founded
1967

Price Target and Rating

Average Stock Price Target
$65.68
High Stock Price Target
$77.00
Low Stock Price Target
$57.00
Potential Upside/Downside
+11.7%
Consensus Rating
Hold
Rating Score (0-4)
2.21
Research Coverage
14 Analysts

Profitability

Net Income
$776.91 million
Pretax Margin
25.23%

Debt

Sales & Book Value

Annual Sales
$2.74 billion
Cash Flow
$4.50 per share
Book Value
$30.02 per share

Miscellaneous

Free Float
373,308,000
Market Cap
$22.34 billion
Optionable
Optionable
Beta
0.84

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Should I Buy Equity Residential Stock? EQR Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Equity Residential was last updated on Tuesday, November 28, 2023 at 10:10 PM.

Pros

Here are some ways that investors could benefit from investing in Equity Residential:

  • Equity Residential is a member of the S&P 500, which indicates its stability and potential for long-term growth.
  • The company focuses on acquiring, developing, and managing residential properties in dynamic cities that attract affluent long-term renters. This strategy positions Equity Residential to benefit from the demand for high-quality rental properties in desirable locations.
  • Equity Residential has an established presence in major cities such as Boston, New York, Washington, D.C., and San Francisco, as well as an expanding presence in other cities like Denver, Atlanta, and Dallas/Ft. Worth. This diversified portfolio of properties allows for geographic diversification and potential for increased rental income.
  • Institutional investors and hedge funds own a significant portion (84.79%) of Equity Residential's stock, indicating confidence in the company's performance and potential.
  • The company has a market capitalization of $21.14 billion, indicating its size and stability in the real estate investment trust (REIT) industry.

Cons

Investors should be bearish about investing in Equity Residential for these reasons:

  • The stock price of Equity Residential has experienced a decline over the past year, with a one-year low of $52.57. This indicates potential volatility and uncertainty in the company's performance.
  • The company's current ratio and quick ratio are both 0.18, which may indicate a relatively low liquidity position. This could pose challenges in meeting short-term financial obligations.
  • Equity Residential has a debt-to-equity ratio of 0.67, which suggests a moderate level of debt. Investors should consider the company's ability to manage its debt and the associated interest expenses.
  • The company's price-to-earnings-growth ratio is 3.04, which indicates that the stock may be relatively overvalued compared to its earnings growth potential. Investors should carefully evaluate the company's valuation before making investment decisions.
  • The beta of Equity Residential is 0.86, which suggests that the stock's price may be less volatile than the overall market. While this may be seen as a positive for some investors, it also means that the stock may have limited upside potential during market upswings.














EQR Stock Analysis - Frequently Asked Questions

Should I buy or sell Equity Residential stock right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Equity Residential in the last year. There are currently 1 sell rating, 9 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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.
View EQR analyst ratings
or view top-rated stocks.

What is Equity Residential's stock price target for 2024?

14 equities research analysts have issued twelve-month price targets for Equity Residential's stock. Their EQR share price targets range from $57.00 to $77.00. On average, they expect the company's share price to reach $65.68 in the next twelve months. This suggests a possible upside of 11.7% from the stock's current price.
View analysts price targets for EQR
or view top-rated stocks among Wall Street analysts.

How have EQR shares performed in 2023?

Equity Residential's stock was trading at $59.00 at the beginning of the year. Since then, EQR shares have decreased by 0.3% and is now trading at $58.82.
View the best growth stocks for 2023 here
.

Are investors shorting Equity Residential?

Equity Residential saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 5,920,000 shares, an increase of 7.4% from the October 31st total of 5,510,000 shares. Based on an average daily trading volume, of 1,860,000 shares, the days-to-cover ratio is presently 3.2 days. Currently, 1.6% of the company's shares are sold short.
View Equity Residential's Short Interest
.

When is Equity Residential's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 8th 2024.
View our EQR earnings forecast
.

How were Equity Residential's earnings last quarter?

Equity Residential (NYSE:EQR) released its quarterly earnings results on Tuesday, April, 26th. The real estate investment trust reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.80 by $0.61. Equity Residential had a trailing twelve-month return on equity of 6.06% and a net margin of 23.99%. During the same quarter in the prior year, the firm posted $0.68 EPS.
Read the conference call transcript
.

How often does Equity Residential pay dividends? What is the dividend yield for Equity Residential?

Equity Residential declared a quarterly dividend on Friday, September 15th. Shareholders 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 4.51%. The ex-dividend date is Monday, September 25th.
Read our dividend analysis for EQR
.

Is Equity Residential a good dividend stock?

Equity Residential (NYSE:EQR) pays an annual dividend of $2.65 per share and currently has a dividend yield of 4.51%. 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 147.22%. 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 67.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EQR.

What guidance has Equity Residential issued on next quarter's earnings?

Equity Residential issued an update on its fourth quarter earnings guidance on Tuesday, October, 31st. The company provided EPS guidance of $0.99-1.01 for the period, compared to the consensus earnings per share estimate of $1.00.

What is Mark Parrell's approval rating as Equity Residential's CEO?

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.

What other stocks do shareholders of Equity Residential own?

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).

Who are Equity Residential's major shareholders?

Equity Residential's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include First Eagle Investment Management LLC (2.24%), Resolution Capital Ltd (2.22%), JPMorgan Chase & Co. (1.80%), Northern Trust Corp (1.44%), Legal & General Group Plc (1.41%) and Chai Trust Co. LLC (1.41%). 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.
View institutional ownership trends
.

How do I buy shares of Equity Residential?

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.
Compare Top Brokerages Here.

This page (NYSE:EQR) was last updated on 12/9/2023 by MarketBeat.com Staff

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