Equity Residential (EQR) Stock Forecast, Price & News

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Equity Residential in the last year. There are currently 3 sell ratings, 9 hold ratings and 6 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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18 equities research analysts have issued 1-year target prices for Equity Residential's shares. Their EQR share price forecasts range from $58.00 to $91.00. On average, they expect the company's stock price to reach $70.12 in the next twelve months. This suggests a possible upside of 15.3% 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 3.0% and is now trading at $60.79.
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Equity Residential saw a increase in short interest in the month of April. As of April 15th, there was short interest totaling 6,230,000 shares, an increase of 8.5% from the March 31st total of 5,740,000 shares. Based on an average daily trading volume, of 2,050,000 shares, the short-interest ratio is presently 3.0 days. Currently, 1.7% 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, July 25th 2023.
View our EQR earnings forecast.

Equity Residential (NYSE:EQR) announced its quarterly earnings data 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 net margin of 32.95% and a trailing twelve-month return on equity of 8.17%. During the same quarter last year, the business earned $0.68 EPS.
Read the conference call transcript.

Equity Residential announced a quarterly dividend on Thursday, March 16th. Stockholders of record on Monday, March 27th will be paid a dividend of $0.6625 per share on Friday, April 14th. This represents a $2.65 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend is Friday, March 24th. This is a boost from the stock's previous quarterly dividend of $0.63.
Read our dividend analysis for EQR.

ETFs with the largest weight of Equity Residential (NYSE:EQR) stock in their portfolio include Residential REIT Income ETF (HAUS), Kelly Residential & Apartment Real Estate ETF (RESI), ETFB Green SRI REITs ETF (RITA), iShares Residential and Multisector Real Estate ETF (REZ), Nuveen Short-Term REIT ETF (NURE), SP Funds S&P Global REIT Sharia ETF (SPRE), ALPS Active REIT ETF (REIT) and Invesco S&P 500 Equal Weight Real Estate ETF (EWRE).

Equity Residential (NYSE:EQR) pays an annual dividend of $2.65 per share and currently has a dividend yield of 4.44%. 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 109.05%. 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 68.48% 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 FY23 earnings guidance on Tuesday, May, 30th. The company provided EPS guidance of 3.73-3.83 for the period, compared to the consensus earnings per share estimate of $3.75.

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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.94%), State Street Corp (6.59%), Price T Rowe Associates Inc. MD (4.77%), APG Asset Management US Inc. (3.09%), Macquarie Group Ltd. (2.09%) and Geode Capital Management LLC (2.07%). 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.

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 $60.79.

Equity Residential (NYSE:EQR) has a market capitalization of $23.03 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 $2.43 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.