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NYSE:EQR

Equity Residential (EQR) Stock Price, News & Analysis

$61.69
-1.10 (-1.75%)
(As of 05:21 PM ET)
Today's Range
$61.29
$62.69
50-Day Range
$58.13
$64.47
52-Week Range
$52.57
$69.45
Volume
1.40 million shs
Average Volume
2.08 million shs
Market Capitalization
$23.41 billion
P/E Ratio
28.04
Dividend Yield
4.38%
Price Target
$65.32

Equity Residential MarketRank™ Stock Analysis

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
5.9% Upside
$65.32 Price Target
Short Interest
Healthy
1.47% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.23
Upright™ Environmental Score
News Sentiment
0.39mentions of Equity Residential in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$192,335 Sold Last Quarter
Proj. Earnings Growth
3.37%
From $3.86 to $3.99 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.03 out of 5 stars

Finance Sector

922nd out of 2,577 stocks

Real Estate Investment Trusts Industry

142nd out of 516 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

Blackstone’s $10 Billion Bet on Property Prices Going Up (EQR)
Residential property prices could be on the rise soon, as Blackstone just made a $10 billion bet into the sector, and one other REIT could be next in line
How to Protect your Portfolio Against a Rising VIX
Stocks never really stay put. Every once in a small timeframe cycle, they tend to jump and have little ‘hiccups'.
Bitcoin Rockets To Record High But Buy THIS Instead
Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…
How to Protect your Portfolio Against a Rising VIX
Three stocks could soon become a safe haven for investors looking to escape the VIX's rise back to its 2024 highs. Steady financials and strong brands rule here
The Analyst Landscape: 7 Takes On Equity Residential
These Top REITs Have Yields Up to 9.1%
Bitcoin Rockets To Record High But Buy THIS Instead
Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…
Piper Sandler Keeps Their Hold Rating on Equity Residential (EQR)
25 US Cities With Largest Homeless Populations
Equity Residential Appoints Ann C. Hoff and Nina P.
Unveiling 6 Analyst Insights On Equity Residential
20 Countries with Most Personal Space
EQR Nov 2024 50.000 put
EQR Apr 2024 60.000 call
EQR Oct 2024 60.000 put
EQR Oct 2024 80.000 call
Equity Residential Declares First Quarter Dividends
3 Real Estate Stocks to Buy as Hedge Funds Pile in
Equity Residential: Buy Into Fed's Rate Cuts
See More Headlines
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Company Calendar

Last Earnings
1/30/2024
Ex-Dividend for 4/12 Dividend
3/22/2024
Today
4/12/2024
Dividend Payable
4/12/2024
Next Earnings (Confirmed)
4/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
$65.32
High Stock Price Target
$73.00
Low Stock Price Target
$59.50
Potential Upside/Downside
+6.2%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
14 Analysts

Profitability

Net Income
$835.44 million
Pretax Margin
30.45%

Debt

Sales & Book Value

Annual Sales
$2.87 billion
Cash Flow
$4.51 per share
Book Value
$29.63 per share

Miscellaneous

Free Float
373,140,000
Market Cap
$23.35 billion
Optionable
Optionable
Beta
0.84

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

Pros

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

  • Equity Residential has a strong presence in dynamic cities that attract affluent long-term renters, providing a stable tenant base.
  • The company is a member of the S&P 500, indicating its financial stability and potential for growth.
  • Equity Residential owns or has investments in a significant number of properties, spreading risk across multiple locations.
  • Recent acquisitions and developments by Equity Residential demonstrate a commitment to growth and expansion.
  • With an increasing presence in cities like Denver, Atlanta, Dallas/Ft. Worth, and Austin, Equity Residential is tapping into new markets for potential revenue streams.

Cons

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

  • The real estate market can be sensitive to economic downturns, impacting property values and rental demand.
  • Changes in interest rates can affect the cost of financing for real estate investments, potentially impacting Equity Residential's profitability.
  • Regulatory changes in the real estate industry could introduce new challenges or compliance costs for Equity Residential.
  • Competition from other real estate investment trusts (REITs) or property developers may limit Equity Residential's market share or rental pricing power.
  • The current stock price of Equity Residential may not fully reflect potential risks or uncertainties in the real estate market.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Equity Residential pros and cons to contact@marketbeat.com.

EQR Stock Analysis - Frequently Asked Questions

Should I buy or sell Equity Residential stock right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Equity Residential in the last year. There are currently 10 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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 Wall Street analysts have issued 12-month target prices for Equity Residential's shares. Their EQR share price targets range from $59.50 to $73.00. On average, they expect the company's share price to reach $65.32 in the next year. This suggests a possible upside of 5.9% 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 2024?

Equity Residential's stock was trading at $61.16 at the start of the year. Since then, EQR shares have increased by 0.9% and is now trading at $61.69.
View the best growth stocks for 2024 here
.

Are investors shorting Equity Residential?

Equity Residential saw a increase in short interest in March. As of March 31st, there was short interest totaling 5,470,000 shares, an increase of 7.7% from the March 15th total of 5,080,000 shares. Based on an average daily volume of 2,110,000 shares, the short-interest ratio is currently 2.6 days. Currently, 1.5% 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 Tuesday, April 23rd 2024.
View our EQR earnings forecast
.

How can I listen to Equity Residential's earnings call?

Equity Residential will be holding an earnings conference call on Wednesday, April 24th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Equity Residential's earnings last quarter?

Equity Residential (NYSE:EQR) released its quarterly earnings data on Tuesday, January, 30th. The real estate investment trust reported $0.82 earnings per share for the quarter, missing analysts' consensus estimates of $1.00 by $0.18. The real estate investment trust had revenue of $727.50 million for the quarter, compared to the consensus estimate of $725.07 million. Equity Residential had a net margin of 29.07% and a trailing twelve-month return on equity of 7.43%. The business's quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.94 earnings per share.
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 Thursday, March 14th. Investors of record on Monday, March 25th will be paid a dividend of $0.675 per share on Friday, April 12th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date is Friday, March 22nd. This is a boost from the stock's previous quarterly dividend of $0.66.
Read our dividend analysis for EQR
.

Is Equity Residential a good dividend stock?

Equity Residential (NYSE:EQR) pays an annual dividend of $2.70 per share and currently has a dividend yield of 4.29%. 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 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 122.73%. 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 67.67% 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 updated its first quarter 2024 earnings guidance on Tuesday, January, 30th. The company provided earnings per share guidance of 0.880-0.920 for the period, compared to the consensus earnings per share estimate of 0.910. The company issued revenue guidance of -.

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 investors include Pensionfund DSM Netherlands (0.02%), Czech National Bank (0.02%), Aurora Investment Managers LLC. (0.01%), Pensionfund Sabic (0.01%), Park Avenue Securities LLC (0.00%) and Wynn Capital LLC (0.00%). Insiders that own company stock include Bradley A Keywell, Catherine Carraway, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:EQR) was last updated on 4/12/2024 by MarketBeat.com Staff

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