What is Wedbush's Estimate for EQR FY2025 Earnings?

Equity Residential (NYSE:EQR - Free Report) - Equities researchers at Wedbush decreased their FY2025 earnings per share (EPS) estimates for shares of Equity Residential in a report released on Monday, February 10th. Wedbush analyst R. Anderson now expects that the real estate investment trust will earn $3.96 per share for the year, down from their prior estimate of $4.04. The consensus estimate for Equity Residential's current full-year earnings is $3.98 per share. Wedbush also issued estimates for Equity Residential's FY2026 earnings at $4.18 EPS.

EQR has been the subject of several other reports. Stifel Nicolaus raised shares of Equity Residential from a "hold" rating to a "buy" rating and raised their price target for the stock from $77.75 to $81.50 in a research note on Wednesday, November 13th. Evercore ISI boosted their target price on shares of Equity Residential from $74.00 to $76.00 and gave the stock an "in-line" rating in a report on Monday, February 10th. Mizuho lowered their target price on shares of Equity Residential from $78.00 to $74.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Wells Fargo & Company decreased their price objective on shares of Equity Residential from $77.00 to $75.00 and set an "equal weight" rating on the stock in a report on Friday, January 24th. Finally, Barclays reduced their target price on shares of Equity Residential from $83.00 to $79.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. Eleven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $78.42.

Equity Residential Stock Down 0.4 %

NYSE EQR traded down $0.29 during trading hours on Wednesday, reaching $71.23. 1,901,216 shares of the company's stock were exchanged, compared to its average volume of 1,749,502. The company has a market capitalization of $27.03 billion, a price-to-earnings ratio of 26.19, a price-to-earnings-growth ratio of 4.49 and a beta of 0.93. Equity Residential has a one year low of $58.81 and a one year high of $78.83. The company's 50-day moving average is $70.64 and its two-hundred day moving average is $72.73. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.13 and a current ratio of 0.36.

Institutional Trading of Equity Residential

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Maryland Capital Advisors Inc. acquired a new stake in Equity Residential during the 3rd quarter valued at approximately $25,000. SRS Capital Advisors Inc. boosted its holdings in shares of Equity Residential by 607.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 361 shares of the real estate investment trust's stock worth $26,000 after buying an additional 310 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Equity Residential during the 3rd quarter worth approximately $29,000. Brooklyn Investment Group bought a new position in shares of Equity Residential during the 3rd quarter worth approximately $33,000. Finally, Assetmark Inc. boosted its holdings in shares of Equity Residential by 2,529.4% during the 3rd quarter. Assetmark Inc. now owns 447 shares of the real estate investment trust's stock worth $33,000 after buying an additional 430 shares in the last quarter. Institutional investors and hedge funds own 92.68% of the company's stock.

Insiders Place Their Bets

In other news, CAO Ian Kaufman sold 642 shares of the company's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $72.06, for a total value of $46,262.52. Following the completion of the transaction, the chief accounting officer now owns 25,539 shares of the company's stock, valued at $1,840,340.34. This represents a 2.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Robert Garechana sold 4,294 shares of the company's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $72.06, for a total value of $309,425.64. Following the completion of the transaction, the chief financial officer now directly owns 14,108 shares of the company's stock, valued at $1,016,622.48. This represents a 23.33 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,763 shares of company stock valued at $1,424,217. 1.00% of the stock is currently owned by corporate insiders.

Equity Residential Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 3.79%. The ex-dividend date was Thursday, January 2nd. Equity Residential's payout ratio is 99.26%.

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.