Shares of Equity Residential (NYSE:EQR – Get Free Report) have been assigned a consensus rating of “Hold” from the twenty-three brokerages that are presently covering the company, MarketBeat Ratings reports. Thirteen investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $70.65.
Several equities analysts have commented on the company. Barclays upped their price objective on Equity Residential from $75.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Equity Residential in a research report on Tuesday, April 21st. Jefferies Financial Group lowered their target price on shares of Equity Residential from $65.00 to $64.00 and set a “hold” rating for the company in a research note on Tuesday, April 14th. Piper Sandler reissued a “neutral” rating and set a $72.00 target price (down from $78.00) on shares of Equity Residential in a research note on Friday, May 29th. Finally, Truist Financial boosted their target price on shares of Equity Residential from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Tuesday.
Read Our Latest Analysis on EQR
Equity Residential Stock Performance
Equity Residential (NYSE:EQR – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.09). The firm had revenue of $779.85 million for the quarter, compared to the consensus estimate of $781.79 million. Equity Residential had a net margin of 30.63% and a return on equity of 8.57%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.95 earnings per share. Equity Residential has set its FY 2026 guidance at 4.020-4.140 EPS and its Q2 2026 guidance at 0.980-1.020 EPS. Research analysts predict that Equity Residential will post 4.09 EPS for the current year.
Equity Residential Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Monday, March 30th were paid a dividend of $0.7025 per share. This is an increase from Equity Residential’s previous quarterly dividend of $0.69. This represents a $2.81 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, March 30th. Equity Residential’s payout ratio is presently 112.40%.
Institutional Trading of Equity Residential
A number of large investors have recently made changes to their positions in EQR. Fulcrum Asset Management LLP purchased a new stake in shares of Equity Residential during the third quarter valued at $27,000. Rosenberg Matthew Hamilton boosted its stake in shares of Equity Residential by 69.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 440 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 180 shares during the period. Zions Bancorporation National Association UT boosted its stake in shares of Equity Residential by 375.2% during the fourth quarter. Zions Bancorporation National Association UT now owns 480 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 379 shares during the period. DV Equities LLC purchased a new stake in shares of Equity Residential during the fourth quarter valued at $30,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Equity Residential during the third quarter valued at $31,000. 92.68% of the stock is owned by hedge funds and other institutional investors.
Equity Residential Company Profile
Equity Residential (NYSE: EQR) is a publicly traded real estate investment trust that acquires, develops, owns and operates rental apartment properties. Headquartered in Chicago, the company focuses on delivering professionally managed, market-rate apartment homes and related services to renters. Its operations cover a range of property types, including high-rise and mid-rise assets, with amenities and on-site management designed to support resident retention and occupancy.
The company’s core activities include property acquisitions, development and redevelopment, leasing, and day-to-day property management.
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