Equity Residential (EQR) Projected to Post Earnings on Tuesday

Equity Residential (NYSE:EQR - Get Free Report) will likely be releasing its Q1 2025 earnings data after the market closes on Tuesday, April 29th. Analysts expect Equity Residential to post earnings of $0.94 per share and revenue of $769.43 million for the quarter.

Equity Residential Trading Down 0.1 %

Shares of NYSE:EQR traded down $0.05 during trading on Thursday, reaching $69.33. 1,145,779 shares of the stock were exchanged, compared to its average volume of 1,713,108. Equity Residential has a 12-month low of $59.41 and a 12-month high of $78.84. The firm's 50-day moving average price is $69.61 and its 200 day moving average price is $71.33. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.36 and a current ratio of 0.36. The firm has a market cap of $26.33 billion, a price-to-earnings ratio of 25.49, a price-to-earnings-growth ratio of 3.99 and a beta of 0.85.

Equity Residential Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were given a $0.6925 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.77 annualized dividend and a dividend yield of 4.00%. This is a positive change from Equity Residential's previous quarterly dividend of $0.68. Equity Residential's dividend payout ratio is presently 101.84%.

Analysts Set New Price Targets

EQR has been the subject of several recent research reports. Scotiabank increased their price target on Equity Residential from $78.00 to $79.00 and gave the company a "sector perform" rating in a report on Friday, February 14th. Wells Fargo & Company reduced their price target 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. Mizuho lowered their price objective 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 reduced their target price on shares of Equity Residential from $83.00 to $79.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Finally, Truist Financial lifted their price target on shares of Equity Residential from $76.00 to $78.00 and gave the stock a "buy" rating in a research note on Monday, March 10th. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Equity Residential has a consensus rating of "Hold" and a consensus price target of $79.01.

Insider Activity

In other Equity Residential news, COO Michael L. Manelis sold 9,487 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $72.07, for a total value of $683,728.09. Following the sale, the chief operating officer now directly owns 26,781 shares of the company's stock, valued at $1,930,106.67. This trade represents a 26.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Ian Kaufman sold 642 shares of the business's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $72.06, for a total transaction of $46,262.52. Following the transaction, the chief accounting officer now directly 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,763 shares of company stock valued at $1,424,217. 1.00% of the stock is currently owned by insiders.

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.