Zacks Research Analysts Decrease Earnings Estimates for EQR

Equity Residential (NYSE:EQR) – Equities research analysts at Zacks Research cut their FY2026 earnings estimates for Equity Residential in a report released on Wednesday, March 5th. Zacks Research analyst R. Department now expects that the real estate investment trust will post earnings per share of $4.15 for the year, down from their previous forecast of $4.16. 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 FY2027 earnings at $4.37 EPS.

EQR has been the subject of a number of other reports. StockNews.com upgraded Equity Residential from a “sell” rating to a “hold” rating in a research note on Saturday, February 8th. Evercore ISI raised their price target 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. Mizuho decreased their target price on shares of Equity Residential from $78.00 to $74.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Barclays cut their price target on shares of Equity Residential from $83.00 to $79.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Finally, Stifel Nicolaus set a $82.25 price target on Equity Residential in a research report on Tuesday, February 4th. Eleven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Equity Residential currently has an average rating of “Hold” and an average price target of $78.46.

Equity Residential Stock Up 0.4 %

Shares of NYSE EQR opened at $73.74 on Thursday. Equity Residential has a 12-month low of $59.48 and a 12-month high of $78.83. The stock’s fifty day simple moving average is $70.74 and its two-hundred day simple moving average is $72.93. The stock has a market capitalization of $28.00 billion, a PE ratio of 27.11, a price-to-earnings-growth ratio of 3.99 and a beta of 0.93. 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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Equity Residential during the 4th quarter valued at about $2,493,426,000. State Street Corp grew its holdings in Equity Residential by 1.4% in the third quarter. State Street Corp now owns 23,922,127 shares of the real estate investment trust’s stock valued at $1,796,976,000 after purchasing an additional 321,002 shares during the period. APG Asset Management US Inc. increased its position in shares of Equity Residential by 0.5% in the fourth quarter. APG Asset Management US Inc. now owns 11,664,576 shares of the real estate investment trust’s stock valued at $837,050,000 after buying an additional 57,660 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Equity Residential by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 9,519,627 shares of the real estate investment trust’s stock worth $681,594,000 after buying an additional 165,683 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Equity Residential by 2.0% during the 4th quarter. Principal Financial Group Inc. now owns 7,897,863 shares of the real estate investment trust’s stock worth $566,749,000 after buying an additional 152,248 shares during the period. Institutional investors and hedge funds own 92.68% of the company’s stock.

Insider Activity at Equity Residential

In other news, COO Michael L. Manelis sold 9,487 shares of the business’s 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 transaction, the chief operating officer now owns 26,781 shares of the company’s stock, valued at $1,930,106.67. The trade was a 26.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Robert Garechana sold 4,294 shares of the firm’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $72.06, for a total value of $309,425.64. Following the sale, the chief financial officer now directly owns 14,108 shares in the company, valued at approximately $1,016,622.48. This trade represents a 23.33 % 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 over the last three months. Company insiders own 1.00% of the company’s stock.

Equity Residential Dividend Announcement

The firm 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 was Thursday, January 2nd. This represents a $2.70 dividend on an annualized basis and a yield of 3.66%. Equity Residential’s dividend payout ratio is presently 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.