Wedbush Decreases Earnings Estimates for Equity Residential

Equity Residential (NYSE:EQR) – Stock analysts at Wedbush decreased their FY2025 earnings per share (EPS) estimates for shares of Equity Residential in a report released on Monday, February 10th. Wedbush analyst R. Anderson now anticipates that the real estate investment trust will post earnings of $3.96 per share for the year, down from their previous estimate of $4.04. The consensus estimate for Equity Residential’s current full-year earnings is $3.98 per share. Wedbush also issued estimates for Equity Residential’s FY2026 earnings at $4.18 EPS.

Several other equities analysts also recently commented on EQR. Evercore ISI upped their price objective on Equity Residential from $74.00 to $76.00 and gave the company an “in-line” rating in a research report on Monday. Stifel Nicolaus raised Equity Residential from a “hold” rating to a “buy” rating and upped their price objective for the company from $77.75 to $81.50 in a research report on Wednesday, November 13th. Barclays cut their price objective on Equity Residential from $83.00 to $79.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Royal Bank of Canada cut their price objective on Equity Residential from $83.00 to $79.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, Wells Fargo & Company cut their price objective on Equity Residential from $77.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Eleven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $78.36.

Equity Residential Stock Performance

NYSE EQR opened at $71.00 on Wednesday. The business’s 50 day moving average price is $70.78 and its 200-day moving average price is $72.75. The company has a market cap of $26.94 billion, a P/E ratio of 26.10, a P/E/G ratio of 4.49 and a beta of 0.93. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.13 and a current ratio of 0.36. Equity Residential has a fifty-two week low of $57.33 and a fifty-two week high of $78.83.

Institutional Investors Weigh In On Equity Residential

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Keybank National Association OH increased its holdings in shares of Equity Residential by 2.0% in the fourth quarter. Keybank National Association OH now owns 7,001 shares of the real estate investment trust’s stock valued at $502,000 after purchasing an additional 139 shares during the period. AdvisorNet Financial Inc increased its holdings in shares of Equity Residential by 25.3% in the fourth quarter. AdvisorNet Financial Inc now owns 722 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 146 shares during the period. Transamerica Financial Advisors Inc. increased its holdings in shares of Equity Residential by 4.1% in the fourth quarter. Transamerica Financial Advisors Inc. now owns 3,827 shares of the real estate investment trust’s stock valued at $275,000 after purchasing an additional 151 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Equity Residential by 38.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 558 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 156 shares during the period. Finally, UMB Bank n.a. increased its holdings in shares of Equity Residential by 69.6% in the third quarter. UMB Bank n.a. now owns 475 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 195 shares during the period. 92.68% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Equity Residential news, COO Michael L. Manelis sold 9,487 shares of the stock in a transaction dated 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 sale, the chief operating officer now directly owns 26,781 shares in the company, valued at approximately $1,930,106.67. This trade represents a 26.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Ian Kaufman sold 642 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $72.06, for a total value of $46,262.52. Following the completion of the sale, the chief accounting officer now owns 25,539 shares of the company’s stock, valued at approximately $1,840,340.34. This trade represents a 2.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,763 shares of company stock worth $1,424,217 in the last three months. 1.00% of the stock is owned by insiders.

Equity Residential Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 2nd were paid a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date was Thursday, January 2nd. Equity Residential’s dividend payout ratio (DPR) is currently 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.