Equity Residential (EQR) Stock Price, News & Analysis

Company Overview

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, D.C., Seattle, San Francisco and Southern California, and an expanding presence in Denver, Atlanta, Dallas/Ft. Worth and Austin.

Key Stats

• Today's Range: $73.98 to $74.94
• 50-Day Range: $70.85 to $78.08
• 52-Week Range: $52.57 to $78.83
• Volume: 1.99 million shs
• Average Volume: 1.88 million shs
• Market Capitalization: $28.42 billion
• P/E Ratio: 29.83
• Dividend Yield: 3.61%
• Price Target: $75.97
• Consensus Rating: Hold

Equity Residential Stock Analysis - MarketRank™

Equity Residential scored higher than 84% of companies evaluated by MarketBeat, and ranked 237th out of 910 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.2 / 5
• Analyst Rating: Hold

Consensus Rating

Equity Residential has received a consensus rating of Hold. The company's average rating score is 2.37, and is based on 7 buy ratings, 12 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Equity Residential has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 3.34%

Earnings Growth

Earnings for Equity Residential are expected to grow by 3.34% in the coming year, from $3.89 to $4.02 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Equity Residential is 29.83, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.32.

Price to Earnings Ratio vs. Sector

The P/E ratio of Equity Residential is 29.83, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.92.

Price to Earnings Growth Ratio

Equity Residential has a PEG Ratio of 6.05. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Equity Residential has a P/B Ratio of 2.52. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.54% of the outstanding shares of Equity Residential have been sold short.

Short Interest Ratio / Days to Cover

Equity Residential has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Equity Residential has recently increased by 9.74%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Equity Residential is a leading dividend payer. It pays a dividend yield of 3.69%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Equity Residential does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Equity Residential is 112.03%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Equity Residential will have a dividend payout ratio of 67.16% next year. This indicates that Equity Residential will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.9 / 5
• Environmental Score: -2.23

Percentage of Shares Shorted

1.54% of the outstanding shares of Equity Residential have been sold short.

Short Interest Ratio / Days to Cover

Equity Residential has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Equity Residential has recently increased by 9.74%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.1 / 5
• News Sentiment: 0.73

News Sentiment

Equity Residential has a news sentiment score of 0.73. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for Equity Residential this week, compared to 8 articles on an average week.

Search Interest

4 people have searched for EQR on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Equity Residential insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.00% of the stock of Equity Residential is held by insiders.

Percentage Held by Institutions

92.68% of the stock of Equity Residential is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

EQR Stock Analysis - Frequently Asked Questions

How have EQR shares performed this year?

Equity Residential's stock was trading at $61.16 at the beginning of 2024. Since then, EQR stock has increased by 22.4% and is now trading at $74.87.
View the best growth stocks for 2024 here.

How were Equity Residential's earnings last quarter?

Equity Residential (NYSE:EQR) issued its earnings results on Monday, July, 29th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.96 by $0.49. The firm's quarterly revenue was up 2.4% on a year-over-year basis.
Read the conference call transcript.

Who are Equity Residential's major shareholders?

Top institutional shareholders of Equity Residential include Presima Securities ULC (0.07%), Handelsbanken Fonder AB (0.06%), Sumitomo Mitsui DS Asset Management Company Ltd (0.03%) and Contravisory Investment Management Inc. (0.03%). Insiders that own company stock include Alexander Brackenridge, Michael L Manelis, Ian Kaufman, Robert Garechana, Catherine Carraway, Mark S Shapiro, Mary Kay Haben, David J Neithercut and Scott Fenster.
View institutional ownership trends.

How do I buy shares of Equity Residential?

Shares of EQR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Equity Residential own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Equity Residential investors own include NVIDIA (NVDA), JPMorgan Chase & Co. (JPM), Tesla (TSLA), Meta Platforms (META), Advanced Micro Devices (AMD), Chevron (CVX) and Exxon Mobil (XOM).

Company Calendar

• Last Earnings: 7/29/2024
• Ex-Dividend for 10/11 Dividend: 9/24/2024
• Dividend Payable: 10/11/2024
• Today: 10/17/2024
• Next Earnings (Confirmed): 10/30/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Residential REITs
• Current Symbol: NYSE:EQR
• CUSIP: 29476L10
• CIK: 906107
• Web: www.eqr.com
• Phone: (312) 474-1300
• Fax: 312-454-8703
• Employees: 2,400
• Year Founded: 1967

Price Target and Rating

• Average Stock Price Target: $75.97
• High Stock Price Target: $85.00
• Low Stock Price Target: $59.50
• Potential Upside/Downside: +1.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.37
• Research Coverage: 19 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.41
• Trailing P/E Ratio: 29.83
• Forward P/E Ratio: 19.25
• P/E Growth: 6.05
• Net Income: $835.44 million
• Net Margins: 32.83%
• Pretax Margin: 34.27%
• Return on Equity: 8.53%
• Return on Assets: 4.80%

Debt

• Debt-to-Equity Ratio: 0.64
• Current Ratio: 0.21
• Quick Ratio: 0.21

Sales & Book Value

• Annual Sales: $2.92 billion
• Price / Sales: 9.74
• Cash Flow: $4.77 per share
• Price / Cash Flow: 15.71
• Book Value: $29.67 per share
• Price / Book: 2.52

Miscellaneous

• Outstanding Shares: 379,554,000
• Free Float: 375,345,000
• Market Cap: $28.42 billion
• Optionable: Optionable
• Beta: 0.89