Wedbush Decreases Earnings Estimates for Equity Residential

Equity Residential (NYSE:EQR - Free Report) - Research analysts at Wedbush lowered their FY2025 EPS estimates for Equity Residential in a report released on Wednesday, November 6th. Wedbush analyst R. Anderson now expects that the real estate investment trust will post earnings of $4.04 per share for the year, down from their previous estimate of $4.06. Wedbush has a "Neutral" rating and a $75.00 price objective on the stock. The consensus estimate for Equity Residential's current full-year earnings is $3.88 per share.

Several other brokerages have also commented on EQR. Royal Bank of Canada lowered their price objective on shares of Equity Residential from $83.00 to $79.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. JPMorgan Chase & Co. boosted their price target on shares of Equity Residential from $68.00 to $80.00 and gave the company a "neutral" rating in a research report on Monday, September 16th. BNP Paribas initiated coverage on shares of Equity Residential in a research report on Wednesday, September 11th. They issued an "outperform" rating and a $83.00 price target on the stock. Wells Fargo & Company lowered shares of Equity Residential from an "overweight" rating to an "equal weight" rating and boosted their price target for the company from $69.00 to $77.00 in a research report on Monday, August 26th. Finally, The Goldman Sachs Group initiated coverage on shares of Equity Residential in a research report on Wednesday, September 4th. They issued a "neutral" rating and a $81.00 price target on the stock. Twelve analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $76.19.

Equity Residential Stock Performance

EQR stock traded down $0.39 during mid-day trading on Thursday, hitting $70.99. The company had a trading volume of 714,986 shares, compared to its average volume of 1,858,099. The firm has a market cap of $26.92 billion, a PE ratio of 29.25, a price-to-earnings-growth ratio of 5.87 and a beta of 0.90. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.21 and a current ratio of 0.13. Equity Residential has a 12 month low of $53.48 and a 12 month high of $78.83. The stock's fifty day moving average price is $74.56 and its two-hundred day moving average price is $70.31.

Equity Residential Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Tuesday, September 24th were paid a $0.675 dividend. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $2.70 dividend on an annualized basis and a yield of 3.80%. Equity Residential's dividend payout ratio is presently 110.66%.

Hedge Funds Weigh In On Equity Residential

A number of hedge funds and other institutional investors have recently bought and sold shares of EQR. Maryland Capital Advisors Inc. purchased a new position in Equity Residential in the 3rd quarter worth approximately $25,000. Fidelis Capital Partners LLC purchased a new stake in shares of Equity Residential in the 1st quarter valued at $27,000. Assetmark Inc. boosted its stake in shares of Equity Residential by 2,529.4% in the 3rd quarter. Assetmark Inc. now owns 447 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 430 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Equity Residential by 69.6% in the 3rd quarter. UMB Bank n.a. now owns 475 shares of the real estate investment trust's stock valued at $35,000 after purchasing an additional 195 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its stake in shares of Equity Residential by 41.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 525 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 155 shares in the last quarter. Hedge funds and other institutional investors own 92.68% of the company's stock.

About Equity Residential

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.