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NYSE:EQR

Equity Residential - EQR Stock Forecast, Price & News

$77.46
+1.71 (+2.26%)
(As of 08/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$75.74
$77.53
50-Day Range
$68.74
$78.39
52-Week Range
$67.48
$94.32
Volume
1.60 million shs
Average Volume
1.74 million shs
Market Capitalization
$29.13 billion
P/E Ratio
23.26
Dividend Yield
3.30%
Price Target
$84.18

Equity Residential MarketRank™ Forecast

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
8.7% Upside
$84.18 Price Target
Short Interest
Healthy
1.23% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.23
Upright™ Environmental Score
News Sentiment
0.08mentions of Equity Residential in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$467,216 Sold Last Quarter
Proj. Earnings Growth
8.55%
From $3.51 to $3.81 Per Share

Overall MarketRank

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

2.37 out of 5 stars

Finance Sector

250th out of 885 stocks

Real Estate Investment Trusts Industry

49th out of 197 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 high quality long-term renters. Equity Residential owns or has investments in 305 properties consisting of 78,568 apartment units, located in Boston, New York, Washington, D.C., Seattle, San Francisco, Southern California and Denver.

Equity Residential Trading Up 1.1 %

Shares of EQR traded up $0.81 during trading hours on Tuesday, hitting $76.56. 11,009 shares of the stock traded hands, compared to its average volume of 1,457,777. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.72. Equity Residential has a 1-year low of $67.48 and a 1-year high of $94.32. The firm has a market capitalization of $28.80 billion, a PE ratio of 22.75, a price-to-earnings-growth ratio of 3.21 and a beta of 0.81. The business has a fifty day moving average of $73.03 and a 200-day moving average of $81.15.

Equity Residential Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 8th. Shareholders of record on Monday, June 27th were issued a $0.625 dividend. The ex-dividend date of this dividend was Friday, June 24th. This represents a $2.50 annualized dividend and a dividend yield of 3.27%. Equity Residential's dividend payout ratio (DPR) is currently 75.08%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on EQR shares. Piper Sandler lowered Equity Residential from a "neutral" rating to an "underweight" rating and lowered their price target for the company from $78.00 to $70.00 in a report on Wednesday, July 20th. Mizuho lowered their target price on Equity Residential from $84.00 to $79.00 and set a "buy" rating on the stock in a report on Monday, June 27th. Truist Financial dropped their price target on Equity Residential from $85.00 to $79.00 and set a "hold" rating on the stock in a research note on Friday, June 24th. Royal Bank of Canada raised Equity Residential from a "sector perform" rating to an "outperform" rating and dropped their price target for the stock from $95.00 to $79.00 in a research note on Wednesday, June 22nd. Finally, Credit Suisse Group initiated coverage on Equity Residential in a research note on Wednesday, June 22nd. They issued an "outperform" rating and a $80.00 price target on the stock. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Equity Residential currently has an average rating of "Hold" and an average price target of $84.18.

Insiders Place Their Bets

In other news, Director Mark S. Shapiro sold 6,665 shares of the company's stock in a transaction dated Friday, June 17th. The stock was sold at an average price of $70.10, for a total transaction of $467,216.50. Following the completion of the transaction, the director now directly owns 12,497 shares of the company's stock, valued at $876,039.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.30% of the company's stock.

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EQR Stock News Headlines

Equity Residential Lowers FY22 EPS Outlook
Equity Residential (EQR) Set to Announce Earnings on Tuesday
Equity Residential (NYSE:EQR) Downgraded by Piper Sandler
12 Analysts Have This to Say About Equity Residential
These 3 Stocks Are Exceptional Value Buys Right Now
See More Headlines
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EQR Company Calendar

Last Earnings
4/26/2022
Ex-Dividend for 7/8 Dividend
6/24/2022
Dividend Payable
7/08/2022
Today
8/09/2022
Next Earnings (Estimated)
10/25/2022
Fiscal Year End
12/31/2022

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
$84.18
High Stock Price Forecast
$104.00
Low Stock Price Forecast
$64.00
Forecasted Upside/Downside
+8.7%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
17 Analysts

Profitability

Net Income
$1.33 billion
Pretax Margin
50.59%

Debt

Sales & Book Value

Annual Sales
$2.46 billion
Cash Flow
$6.06 per share
Book Value
$29.73 per share

Miscellaneous

Free Float
367,467,000
Market Cap
$29.13 billion
Optionable
Optionable
Beta
0.81

Social Links















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, 10 hold ratings and 6 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 2022?

17 Wall Street analysts have issued 1 year price objectives for Equity Residential's shares. Their EQR share price forecasts range from $64.00 to $104.00. On average, they expect the company's stock price to reach $84.18 in the next year. This suggests a possible upside of 10.0% from the stock's current price.
View analysts price targets for EQR
or view top-rated stocks among Wall Street analysts.

How has Equity Residential's stock performed in 2022?

Equity Residential's stock was trading at $90.50 on January 1st, 2022. Since then, EQR stock has decreased by 15.4% and is now trading at $76.52.
View the best growth stocks for 2022 here
.

When is Equity Residential's next earnings date?

Equity Residential is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our EQR earnings forecast
.

How were Equity Residential's earnings last quarter?

Equity Residential (NYSE:EQR) posted its earnings results on Tuesday, April, 26th. The real estate investment trust reported $0.19 EPS for the quarter, missing the consensus estimate of $0.80 by $0.61. Equity Residential had a trailing twelve-month return on equity of 11.39% and a net margin of 48.06%. During the same quarter in the previous year, the business 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 Thursday, June 16th. Investors of record on Monday, June 27th will be paid a dividend of $0.625 per share on Friday, July 8th. This represents a $2.50 annualized dividend and a yield of 3.27%. The ex-dividend date is Friday, June 24th.
Read our dividend analysis for EQR
.

Is Equity Residential a good dividend stock?

Equity Residential (NYSE:EQR) pays an annual dividend of $2.50 per share and currently has a dividend yield of 3.32%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 75.08%. 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 65.62% 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 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of $3.48-$3.58 for the period. 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 number of institutional and retail investors. Top institutional shareholders include Swiss National Bank (0.41%), Sumitomo Mitsui Trust Holdings Inc. (0.38%), Mitsubishi UFJ Trust & Banking Corp (0.25%), Asset Management One Co. Ltd. (0.19%), abrdn plc (0.19%) and Pictet Asset Management SA (0.14%). Insiders that own company stock include Alan W George, Alexander Brackenridge, Bradley A Keywell, Charles L Atwood, 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, Samuel Zell 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 $76.52.

How much money does Equity Residential make?

Equity Residential (NYSE:EQR) has a market capitalization of $28.78 billion and generates $2.46 billion in revenue each year. The real estate investment trust earns $1.33 billion in net income (profit) each year or $3.33 on an earnings per share basis.

How many employees does Equity Residential have?

Equity Residential employs 2,400 workers across the globe.

When was Equity Residential founded?

Equity Residential was founded in 1967.

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 8/9/2022 by MarketBeat.com Staff

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