Equity Residential to Post FY2026 Earnings of $4.17 Per Share, Zacks Research Forecasts (NYSE:EQR)

Equity Residential (NYSE:EQR) – Equities research analysts at Zacks Research lowered their FY2026 earnings estimates for shares of Equity Residential in a report released on Tuesday, April 23rd. Zacks Research analyst R. Department now anticipates that the real estate investment trust will post earnings per share of $4.17 for the year, down from their prior estimate of $4.21. The consensus estimate for Equity Residential’s current full-year earnings is $3.86 per share.

A number of other research analysts have also issued reports on EQR. Mizuho dropped 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. Deutsche Bank Aktiengesellschaft started coverage on shares of Equity Residential in a report on Tuesday, January 30th. They issued a “hold” rating and a $64.00 price objective for the company. Royal Bank of Canada raised their price objective on shares of Equity Residential from $65.00 to $66.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Barclays lowered their price target on shares of Equity Residential from $69.00 to $67.00 and set an “equal weight” rating for the company in a report on Tuesday, February 20th. Finally, Piper Sandler restated a “neutral” rating and set a $62.00 price target on shares of Equity Residential in a report on Tuesday, March 26th. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $65.75.

Equity Residential Stock Up 2.4 %

Shares of NYSE EQR opened at $64.61 on Wednesday. The company has a 50 day simple moving average of $61.80 and a 200 day simple moving average of $59.77. The firm has a market cap of $24.48 billion, a PE ratio of 29.37, a price-to-earnings-growth ratio of 3.63 and a beta of 0.84. Equity Residential has a 1 year low of $52.57 and a 1 year high of $69.45. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.30 and a quick ratio of 0.30.

Equity Residential (NYSE:EQR) last posted 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. Equity Residential had a net margin of 29.07% and a return on equity of 7.43%. The company had revenue of $730.80 million for the quarter, compared to the consensus estimate of $728.09 million. During the same period last year, the company posted $0.87 EPS. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year.

Hedge Funds Weigh In On Equity Residential

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its holdings in shares of Equity Residential by 39.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 234,022 shares of the real estate investment trust’s stock worth $13,739,000 after buying an additional 65,982 shares during the last quarter. Pallas Capital Advisors LLC purchased a new stake in Equity Residential during the fourth quarter valued at about $1,110,000. Wellington Management Group LLP lifted its holdings in Equity Residential by 61.9% during the third quarter. Wellington Management Group LLP now owns 64,809 shares of the real estate investment trust’s stock valued at $3,805,000 after purchasing an additional 24,787 shares during the last quarter. Banque Cantonale Vaudoise lifted its holdings in Equity Residential by 128.7% during the third quarter. Banque Cantonale Vaudoise now owns 11,372 shares of the real estate investment trust’s stock valued at $668,000 after purchasing an additional 6,400 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. lifted its holdings in Equity Residential by 12.5% during the third quarter. Adage Capital Partners GP L.L.C. now owns 743,250 shares of the real estate investment trust’s stock valued at $43,636,000 after purchasing an additional 82,773 shares during the last quarter. 92.68% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Equity Residential

In related news, CFO Robert Garechana sold 876 shares of Equity Residential stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $57.80, for a total value of $50,632.80. Following the completion of the sale, the chief financial officer now owns 20,933 shares of the company’s stock, valued at approximately $1,209,927.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, COO Michael L. Manelis sold 1,639 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $59.43, for a total value of $97,405.77. Following the completion of the sale, the chief operating officer now owns 31,053 shares in the company, valued at approximately $1,845,479.79. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Robert Garechana sold 876 shares of the business’s stock in a transaction dated 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 $1,209,927.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,280 shares of company stock valued at $192,335. 1.00% of the stock is owned by company insiders.

Equity Residential Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Monday, March 25th were given a $0.675 dividend. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $2.70 annualized dividend and a yield of 4.18%. This is an increase from Equity Residential’s previous quarterly dividend of $0.66. 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.