Zacks Research Brokers Reduce Earnings Estimates for EQR

Equity Residential (NYSE:EQR) – Investment analysts at Zacks Research cut their Q1 2025 earnings per share (EPS) estimates for shares of Equity Residential in a report issued on Monday, February 24th. Zacks Research analyst R. Department now expects that the real estate investment trust will post earnings of $0.92 per share for the quarter, down from their prior estimate 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.

Several other research firms have also recently issued reports on EQR. Mizuho decreased their price target on Equity Residential from $78.00 to $74.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Scotiabank increased their price target on Equity Residential from $78.00 to $79.00 and gave the company a “sector perform” rating in a research report on Friday, February 14th. Royal Bank of Canada reduced their price objective on Equity Residential from $83.00 to $79.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. StockNews.com raised Equity Residential from a “sell” rating to a “hold” rating in a research note on Saturday, February 8th. Finally, Evercore ISI raised their price target on Equity Residential from $74.00 to $76.00 and gave the stock an “in-line” rating in a research note on Monday, February 10th. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $78.46.

Equity Residential Price Performance

Shares of NYSE EQR opened at $73.69 on Thursday. Equity Residential has a 1-year low of $59.02 and a 1-year high of $78.83. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.36 and a quick ratio of 0.36. The business’s fifty day moving average price is $70.56 and its two-hundred day moving average price is $72.84. The firm has a market capitalization of $27.98 billion, a PE ratio of 27.09, a P/E/G ratio of 3.99 and a beta of 0.93.

Institutional Trading of Equity Residential

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

Insider Buying and Selling at Equity Residential

In related news, CAO Ian Kaufman sold 642 shares of Equity Residential stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $72.06, for a total transaction of $46,262.52. Following the completion of the sale, the chief accounting officer now directly owns 25,539 shares of the company’s stock, valued at $1,840,340.34. The trade was a 2.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Robert Garechana sold 4,294 shares of the business’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $72.06, for a total value of $309,425.64. Following the completion of the transaction, the chief financial officer now directly owns 14,108 shares of the company’s stock, valued at approximately $1,016,622.48. The trade was a 23.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,763 shares of company stock worth $1,424,217. 1.00% of the stock is currently owned by insiders.

Equity Residential Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 2nd were given a dividend of $0.675 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $2.70 annualized dividend and a dividend yield of 3.66%. Equity Residential’s dividend payout ratio (DPR) is presently 99.26%.

About Equity Residential

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.