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

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

Equity Residential (NYSE:EQR) last announced its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. Equity Residential had a return on equity of 8.19% and a net margin of 31.70%. The firm had revenue of $730.80 million for the quarter, compared to analyst estimates of $728.09 million. During the same period last year, the company earned $0.87 EPS. The business’s quarterly revenue was up 3.6% compared to the same quarter last year.

Other equities research analysts have also recently issued reports about the company. Raymond James raised Equity Residential from an “underperform” rating to a “market perform” rating in a research note on Monday, March 18th. Deutsche Bank Aktiengesellschaft started coverage on Equity Residential in a research note on Tuesday, January 30th. They set a “hold” rating and a $64.00 price objective for the company. Evercore ISI lifted their price objective on Equity Residential from $67.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday. Truist Financial decreased their target price on Equity Residential from $71.00 to $67.00 and set a “buy” rating for the company in a research note on Tuesday, April 9th. Finally, Mizuho decreased their target price on Equity Residential from $62.00 to $61.00 and set a “neutral” rating for the company in a research note on Wednesday, February 28th. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $66.04.

Equity Residential Stock Up 0.4 %

Shares of Equity Residential stock opened at $64.90 on Wednesday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.66. Equity Residential has a 12 month low of $52.57 and a 12 month high of $69.45. The business has a fifty day simple moving average of $61.89 and a 200 day simple moving average of $59.81. The stock has a market cap of $24.59 billion, a PE ratio of 26.93, a price-to-earnings-growth ratio of 3.66 and a beta of 0.84.

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 4.16%. The ex-dividend date of this dividend was Friday, March 22nd. Equity Residential’s dividend payout ratio is currently 112.03%.

Insider Transactions at Equity Residential

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

Hedge Funds Weigh In On Equity Residential

Several institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank acquired a new stake in Equity Residential during the fourth quarter worth approximately $2,143,388,000. FMR LLC grew its position in Equity Residential by 68.5% during the third quarter. FMR LLC now owns 4,416,565 shares of the real estate investment trust’s stock worth $259,297,000 after buying an additional 1,795,772 shares in the last quarter. Davis Asset Management L.P. acquired a new stake in Equity Residential during the fourth quarter worth approximately $61,160,000. Canada Pension Plan Investment Board grew its position in Equity Residential by 13.8% during the third quarter. Canada Pension Plan Investment Board now owns 5,206,249 shares of the real estate investment trust’s stock worth $305,659,000 after buying an additional 629,813 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its position in Equity Residential by 5.9% during the fourth quarter. First Eagle Investment Management LLC now owns 9,325,268 shares of the real estate investment trust’s stock worth $570,333,000 after buying an additional 516,941 shares in the last quarter. Institutional investors and hedge funds own 92.68% of the company’s stock.

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.