Zacks Research Equities Analysts Decrease Earnings Estimates for Equity Residential (NYSE:EQR)

Equity Residential (NYSE:EQR) – Research analysts at Zacks Research dropped their FY2026 earnings estimates for shares of Equity Residential in a report issued on Tuesday, April 23rd. Zacks Research analyst R. Department now anticipates that the real estate investment trust will post earnings per share of $4.17 for the year, down from their prior forecast of $4.21. The consensus estimate for Equity Residential’s current full-year earnings is $3.86 per share.

A number of other analysts also recently issued reports on the stock. Raymond James upgraded shares of Equity Residential from an “underperform” rating to a “market perform” rating in a report on Monday, March 18th. Barclays dropped their target price on shares of Equity Residential from $69.00 to $67.00 and set an “equal weight” rating for the company in a report on Tuesday, February 20th. Truist Financial dropped their target price on shares of Equity Residential from $71.00 to $67.00 and set a “buy” rating for the company in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Equity Residential in a report on Tuesday, January 30th. They issued a “hold” rating and a $64.00 target price for the company. Finally, BMO Capital Markets upgraded shares of Equity Residential from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $68.00 to $70.00 in a research note on Monday. Ten research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $65.75.

Equity Residential Stock Up 0.9 %

Shares of NYSE EQR opened at $63.09 on Wednesday. The company has a 50 day simple moving average of $61.68 and a 200-day simple moving average of $59.74. The company has a market capitalization of $23.91 billion, a P/E ratio of 28.68, a P/E/G ratio of 3.63 and a beta of 0.84. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.30 and a quick ratio of 0.30. Equity Residential has a 1 year low of $52.57 and a 1 year high of $69.45.

Equity Residential (NYSE:EQR) last announced its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. The business had revenue of $730.80 million during the quarter, compared to the consensus estimate of $728.09 million. Equity Residential had a net margin of 29.07% and a return on equity of 7.43%. The business’s revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.87 EPS.

Equity Residential Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Monday, March 25th were given a dividend of $0.675 per share. This is a boost from Equity Residential’s previous quarterly dividend of $0.66. This represents a $2.70 annualized dividend and a dividend yield of 4.28%. The ex-dividend date was Friday, March 22nd. Equity Residential’s payout ratio is 122.73%.

Insider Transactions at Equity Residential

In other news, COO Michael L. Manelis sold 1,639 shares of Equity Residential stock in a transaction on Monday, February 5th. The shares were sold at an average price of $59.43, for a total transaction of $97,405.77. Following the completion of the sale, the chief operating officer now directly owns 31,053 shares of the company’s stock, valued at approximately $1,845,479.79. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CAO Ian Kaufman sold 716 shares of Equity Residential stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $57.80, for a total transaction of $41,384.80. Following the completion of the sale, the chief accounting officer now directly owns 23,949 shares of the company’s stock, valued at approximately $1,384,252.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Michael L. Manelis sold 1,639 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $59.43, for a total transaction of $97,405.77. Following the completion of the sale, the chief operating officer now directly owns 31,053 shares of the company’s stock, valued at $1,845,479.79. The disclosure for this sale can be found here. In the last three months, insiders sold 3,280 shares of company stock valued at $192,335. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Equity Residential

A number of institutional investors and hedge funds have recently bought and sold shares of EQR. Norges Bank purchased a new stake in Equity Residential in the fourth quarter valued at $2,143,388,000. FMR LLC lifted its position in Equity Residential by 68.5% in the third quarter. FMR LLC now owns 4,416,565 shares of the real estate investment trust’s stock valued at $259,297,000 after acquiring an additional 1,795,772 shares during the last quarter. Davis Asset Management L.P. purchased a new stake in Equity Residential in the fourth quarter valued at $61,160,000. Canada Pension Plan Investment Board lifted its position in Equity Residential by 13.8% in the third quarter. Canada Pension Plan Investment Board now owns 5,206,249 shares of the real estate investment trust’s stock valued at $305,659,000 after acquiring an additional 629,813 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in shares of Equity Residential by 5.9% in the fourth quarter. First Eagle Investment Management LLC now owns 9,325,268 shares of the real estate investment trust’s stock valued at $570,333,000 after buying an additional 516,941 shares during the last quarter. 92.68% of the stock is owned by hedge funds and other institutional investors.

Equity Residential Company Profile

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, DC, Seattle, San Francisco and Southern California, and an expanding presence in Denver, Atlanta, Dallas/Ft.