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S&P 500   4,402.20
DOW   34,440.88
QQQ   364.54
3 ETFs for the Conservative Investor to Buy and Hold
Is Gold Really Boring? (Ad)
Are These Consumer Staples Too Cheap for Investors To Ignore?
Stock market today: Wall Street poised for more losses after Fed says rates may stay high in '24
How is This "Hidden Gem" Thriving in a Turbulent Market? (Ad)
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A small venture capital player becomes a symbol in the fight over corporate diversity policies
How is This "Hidden Gem" Thriving in a Turbulent Market? (Ad)
Markets Are Loving These Stocks 'Firing On All Cylinders'
5 Reasons Why Amprius is About to Take Flight 
S&P 500   4,402.20
DOW   34,440.88
QQQ   364.54
3 ETFs for the Conservative Investor to Buy and Hold
Is Gold Really Boring? (Ad)
Are These Consumer Staples Too Cheap for Investors To Ignore?
Stock market today: Wall Street poised for more losses after Fed says rates may stay high in '24
How is This "Hidden Gem" Thriving in a Turbulent Market? (Ad)
3 Reasons This Tech Giant Is Going Back To Highs
A small venture capital player becomes a symbol in the fight over corporate diversity policies
How is This "Hidden Gem" Thriving in a Turbulent Market? (Ad)
Markets Are Loving These Stocks 'Firing On All Cylinders'
5 Reasons Why Amprius is About to Take Flight 
S&P 500   4,402.20
DOW   34,440.88
QQQ   364.54
3 ETFs for the Conservative Investor to Buy and Hold
Is Gold Really Boring? (Ad)
Are These Consumer Staples Too Cheap for Investors To Ignore?
Stock market today: Wall Street poised for more losses after Fed says rates may stay high in '24
How is This "Hidden Gem" Thriving in a Turbulent Market? (Ad)
3 Reasons This Tech Giant Is Going Back To Highs
A small venture capital player becomes a symbol in the fight over corporate diversity policies
How is This "Hidden Gem" Thriving in a Turbulent Market? (Ad)
Markets Are Loving These Stocks 'Firing On All Cylinders'
5 Reasons Why Amprius is About to Take Flight 
NYSE:EQR

Equity Residential (EQR) Stock Forecast, Price & News

$62.43
+0.37 (+0.60%)
(As of 09/20/2023 ET)
Compare
Today's Range
$62.26
$63.00
50-Day Range
$62.06
$69.06
52-Week Range
$54.60
$70.56
Volume
635,791 shs
Average Volume
1.34 million shs
Market Capitalization
$24.52 billion
P/E Ratio
28.25
Dividend Yield
4.24%
Price Target
$69.94

Equity Residential MarketRank™ Forecast

Analyst Rating
Hold
2.24 Rating Score
Upside/​Downside
12.0% Upside
$69.94 Price Target
Short Interest
Healthy
1.49% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.23
Upright™ Environmental Score
News Sentiment
1.43mentions of Equity Residential in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$165,100 Sold Last Quarter
Proj. Earnings Growth
4.75%
From $3.79 to $3.97 Per Share

Overall MarketRank

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

2.90 out of 5 stars

Finance Sector

113th out of 856 stocks

Real Estate Investment Trusts Industry

15th out of 181 stocks


EQR stock logo

About Equity Residential (NYSE:EQR) Stock

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 304 properties consisting of 80,212 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 Price History

EQR Stock News Headlines

The Bear Market is In for Real Estate: 3 Most Promising REITs (EQR)
These are the most promising residential REITs to consider as the sector gets thrown into discount territory. With growth and dividends, you can have your pick
REIT Stocks - Best REIT Stocks to Add to Your Portfolio Today (EQR)
A real estate investment trust is a corporation that owns or finances real estate. From an investor’s perspective, it’s essentially a pooled investment vehicle for buying and managing real estate properties. There are private REITs (which could also be called non-listed REITs or a non-traded REIT) but these REIT investments are only available to private or institutional investors.
How is This "Hidden Gem" Thriving in a Turbulent Market?
While Wall Street flounders and giants like Amazon & Microsoft lay off thousands... One overlooked company has been quietly achieving over 400% growth. How? By buying, building, and scaling a portfolio of promising brands in high-margin, recession-resistant verticals.
High Dividend REITs: Are They an Ideal Way to Diversify?
A real estate investment trust (REIT) refers to real estate companies that own a portfolio of income-producing real estate assets. Learn more.
Wells Fargo Sticks to Their Buy Rating for Equity Residential (EQR)
Equity Residential Seems Overcooked
How is This "Hidden Gem" Thriving in a Turbulent Market?
While Wall Street flounders and giants like Amazon & Microsoft lay off thousands... One overlooked company has been quietly achieving over 400% growth. How? By buying, building, and scaling a portfolio of promising brands in high-margin, recession-resistant verticals.
Equity Residential (EQR) Receives a Buy from Truist Financial
J.P. Morgan Sticks to Its Hold Rating for Equity Residential (EQR)
9 Analysts Have This to Say About Equity Residential
Equity Residential (EQR) Q2 FFO Meet Estimates
See More Headlines
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EQR Company Calendar

Last Earnings
4/26/2022
Ex-Dividend for 7/14 Dividend
6/23/2023
Dividend Payable
7/14/2023
Today
9/21/2023
Ex-Dividend for 10/13 Dividend
9/25/2023
Dividend Payable
10/13/2023
Next Earnings (Estimated)
10/24/2023
Fiscal Year End
12/31/2023

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 Forecast
$69.94
High Stock Price Forecast
$77.00
Low Stock Price Forecast
$58.00
Forecasted Upside/Downside
+12.0%
Consensus Rating
Hold
Rating Score (0-4)
2.24
Research Coverage
17 Analysts

Profitability

Net Income
$776.91 million
Pretax Margin
30.94%

Debt

Sales & Book Value

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

Miscellaneous

Free Float
372,626,000
Market Cap
$24.52 billion
Optionable
Optionable
Beta
0.82

Social Links

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Key Executives

  • Mr. Mark J. Parrell (Age 56)
    Pres, CEO & Trustee
    Comp: $4.02M
  • Mr. Robert A. GarechanaMr. Robert A. Garechana (Age 44)
    Exec. VP & CFO
    Comp: $1.73M
  • Mr. Michael L. ManelisMr. Michael L. Manelis (Age 54)
    Exec. VP & COO
    Comp: $1.88M
  • Mr. Alexander BrackenridgeMr. Alexander Brackenridge (Age 59)
    Exec. VP & Chief Investment Officer
    Comp: $1.74M
  • Mr. Scott J. Fenster J.D. (Age 47)
    Exec. VP, Gen. Counsel & Corp. Sec.
    Comp: $1.33M
  • Mr. Ian S. Kaufman (Age 55)
    Sr. VP & Chief Accounting Officer
  • Mr. Martin J. McKenna
    First VP of Investor & PR
  • Ms. Catherine M. Carraway (Age 62)
    Exec. VP & Chief HR Officer
  • Mr. John G. Lennox (Age 69)
    Sr. VP of Financial Planning & Analysis
  • Mr. Barry S. Altshuler (Age 64)
    Exec. VP of Investments













EQR Stock - Frequently Asked Questions

Should I buy or sell Equity Residential stock right now?

17 Wall Street 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 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 forecast for 2023?

17 brokerages have issued twelve-month price targets for Equity Residential's stock. Their EQR share price forecasts range from $58.00 to $77.00. On average, they predict the company's share price to reach $69.94 in the next twelve months. This suggests a possible upside of 12.0% 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 2023. Since then, EQR shares have increased by 5.8% and is now trading at $62.43.
View the best growth stocks for 2023 here
.

Are investors shorting Equity Residential?

Equity Residential saw a drop in short interest in August. As of August 31st, there was short interest totaling 5,540,000 shares, a drop of 9.0% from the August 15th total of 6,090,000 shares. Based on an average daily volume of 1,660,000 shares, the days-to-cover ratio is currently 3.3 days. Approximately 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, October 24th 2023.
View our EQR earnings forecast
.

How were Equity Residential's earnings last quarter?

Equity Residential (NYSE:EQR) released its quarterly earnings data on Tuesday, April, 26th. The real estate investment trust reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.80 by $0.61. Equity Residential had a net margin of 29.58% and a trailing twelve-month return on equity of 7.40%. During the same quarter in the previous year, the company earned $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. 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 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend 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 4.26%. 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.

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

Equity Residential issued an update on 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 estimate of $3.77. 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).

What is Equity Residential's stock symbol?

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

Who are Equity Residential's major shareholders?

Equity Residential's stock is owned by a variety of institutional and retail investors. Top institutional shareholders 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.
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.

What is Equity Residential's stock price today?

One share of EQR stock can currently be purchased for approximately $62.43.

How much money does Equity Residential make?

Equity Residential (NYSE:EQR) has a market capitalization of $24.52 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.

How many employees does Equity Residential have?

The company employs 2,400 workers across the globe.

How can I contact Equity Residential?

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.

This page (NYSE:EQR) was last updated on 9/21/2023 by MarketBeat.com Staff

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