Zacks Research Issues Pessimistic Forecast for EQR Earnings

Equity Residential (NYSE:EQR) – Equities research analysts at Zacks Research lowered their Q1 2025 earnings estimates for shares of Equity Residential in a research report issued to clients and investors on Monday, February 24th. Zacks Research analyst R. Department now anticipates that the real estate investment trust will post earnings of $0.92 per share for the quarter, down from their prior forecast of $0.96. The consensus estimate for Equity Residential’s current full-year earnings is $3.98 per share. Zacks Research also issued estimates for Equity Residential’s FY2025 earnings at $3.96 EPS and FY2026 earnings at $4.16 EPS.

A number of other research analysts also recently issued reports on the company. Barclays lowered their price target on Equity Residential from $83.00 to $79.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Mizuho lowered their target price on shares of Equity Residential from $78.00 to $74.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. StockNews.com upgraded shares of Equity Residential from a “sell” rating to a “hold” rating in a research note on Saturday, February 8th. Evercore ISI boosted their price objective on shares of Equity Residential from $74.00 to $76.00 and gave the company an “in-line” rating in a report on Monday, February 10th. Finally, Stifel Nicolaus set a $82.25 target price on shares of Equity Residential in a report on Tuesday, February 4th. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $78.46.

Equity Residential Stock Performance

Shares of EQR opened at $74.06 on Thursday. The company has a market cap of $28.12 billion, a price-to-earnings ratio of 27.23, a P/E/G ratio of 3.99 and a beta of 0.93. The business’s fifty day simple moving average is $70.61 and its two-hundred day simple moving average is $72.86. Equity Residential has a 12 month low of $59.19 and a 12 month high of $78.83. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.72.

Institutional Trading of Equity Residential

A number of institutional investors and hedge funds have recently bought and sold shares of EQR. Norges Bank purchased a new position in shares of Equity Residential during the fourth quarter valued at about $2,493,426,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Equity Residential by 806.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,259,145 shares of the real estate investment trust’s stock valued at $317,136,000 after buying an additional 3,789,234 shares in the last quarter. Northern Trust Corp grew its holdings in Equity Residential by 53.1% during the 4th quarter. Northern Trust Corp now owns 6,476,004 shares of the real estate investment trust’s stock valued at $464,718,000 after buying an additional 2,246,555 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in Equity Residential by 1,459.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 1,949,473 shares of the real estate investment trust’s stock worth $145,158,000 after acquiring an additional 1,824,494 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of Equity Residential by 29.0% during the 3rd quarter. FMR LLC now owns 7,746,494 shares of the real estate investment trust’s stock worth $576,804,000 after acquiring an additional 1,741,840 shares in the last quarter. 92.68% of the stock is currently owned by institutional investors.

Insider Transactions at Equity Residential

In related news, EVP Scott Fenster sold 5,340 shares of Equity Residential stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $72.06, for a total transaction of $384,800.40. Following the sale, the executive vice president now owns 35,507 shares of the company’s stock, valued at approximately $2,558,634.42. This trade represents a 13.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Michael L. Manelis sold 9,487 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $72.07, for a total value of $683,728.09. Following the completion of the transaction, the chief operating officer now directly owns 26,781 shares in the company, valued at approximately $1,930,106.67. This represents a 26.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,763 shares of company stock valued at $1,424,217 over the last quarter. 1.00% of the stock is currently owned by company insiders.

Equity Residential Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd were given a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend was Thursday, January 2nd. Equity Residential’s payout ratio is 99.26%.

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.