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

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

A number of other equities research analysts have also weighed in on the stock. Raymond James raised shares of Equity Residential from an “underperform” rating to a “market perform” rating in a report on Monday, March 18th. Morgan Stanley raised their price objective on shares of Equity Residential from $58.00 to $64.00 and gave the stock an “equal weight” rating in a report on Monday, February 26th. Truist Financial decreased their price objective 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. Royal Bank of Canada raised their price objective on shares of Equity Residential from $65.00 to $66.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Finally, Mizuho decreased their price objective on shares of Equity Residential from $62.00 to $61.00 and set a “neutral” rating for the company in a report on Wednesday, February 28th. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Equity Residential presently has a consensus rating of “Hold” and a consensus price target of $65.75.

Equity Residential Price Performance

EQR opened at $63.09 on Wednesday. The company has a fifty day simple moving average of $61.68 and a 200 day simple moving average of $59.74. The firm has a market cap of $23.91 billion, a price-to-earnings ratio of 28.68, a PEG ratio of 3.63 and a beta of 0.84. Equity Residential has a twelve month low of $52.57 and a twelve month high of $69.45. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.66.

Equity Residential (NYSE:EQR) last released its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. The business had revenue of $730.80 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the business earned $0.87 EPS.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Bruce G. Allen Investments LLC purchased a new position in shares of Equity Residential in the fourth quarter worth approximately $28,000. Financial Gravity Asset Management Inc. increased its position in shares of Equity Residential by 593.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 458 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 392 shares in the last quarter. Allworth Financial LP increased its position in shares of Equity Residential by 120.8% in the fourth quarter. Allworth Financial LP now owns 488 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 267 shares in the last quarter. Voisard Asset Management Group Inc. acquired a new stake in shares of Equity Residential during the fourth quarter worth approximately $33,000. Finally, AdvisorNet Financial Inc acquired a new stake in shares of Equity Residential during the fourth quarter worth approximately $34,000. 92.68% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Equity Residential

In other news, CAO Ian Kaufman sold 716 shares of Equity Residential 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 transaction, the chief accounting officer now owns 23,949 shares of the company’s stock, valued at approximately $1,384,252.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Ian Kaufman sold 716 shares of Equity Residential 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 transaction, the chief accounting officer now owns 23,949 shares of the company’s stock, valued at approximately $1,384,252.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robert Garechana sold 876 shares of Equity Residential stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $57.80, for a total transaction of $50,632.80. Following the completion of the transaction, the chief financial officer now directly owns 20,933 shares in the company, valued at approximately $1,209,927.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,280 shares of company stock worth $192,335. 1.00% of the stock is currently owned by insiders.

Equity Residential Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Monday, March 25th were given a $0.675 dividend. This is an increase from Equity Residential’s previous quarterly dividend of $0.66. This represents a $2.70 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date of this dividend was Friday, March 22nd. Equity Residential’s dividend payout ratio (DPR) is presently 122.73%.

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.