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NYSE:EQR

Equity Residential (EQR) Stock Price, News & Analysis

Equity Residential logo
$71.35 +1.86 (+2.68%)
(As of 12/20/2024 05:31 PM ET)

About Equity Residential Stock (NYSE:EQR)

Key Stats

Today's Range
$69.94
$72.12
50-Day Range
$69.12
$77.48
52-Week Range
$57.33
$78.83
Volume
4.77 million shs
Average Volume
1.82 million shs
Market Capitalization
$27.07 billion
P/E Ratio
29.24
Dividend Yield
3.78%
Price Target
$78.14
Consensus Rating
Hold

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.

Equity Residential Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
75th Percentile Overall Score

EQR MarketRank™: 

Equity Residential scored higher than 75% of companies evaluated by MarketBeat, and ranked 339th out of 936 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Equity Residential has received a consensus rating of Hold. The company's average rating score is 2.47, and is based on 9 buy ratings, 10 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Equity Residential has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Equity Residential's stock forecast and price target.
  • Earnings Growth

    Earnings for Equity Residential are expected to grow by 3.60% in the coming year, from $3.89 to $4.03 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Equity Residential is 29.24, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.73.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Equity Residential is 29.24, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 24.70.

  • Price to Earnings Growth Ratio

    Equity Residential has a PEG Ratio of 5.90. 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 2.40. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    1.66% 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 4.1.
  • Change versus previous month

    Short interest in Equity Residential has recently increased by 12.95%, indicating that investor sentiment is decreasing significantly.
  • Dividend Leadership

    Equity Residential is a leading dividend payer. It pays a dividend yield of 3.71%, 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 110.66%. 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 67.00% next year. This indicates that Equity Residential will be able to sustain or increase its dividend.

  • Read more about Equity Residential's dividend.
  • Percentage of Shares Shorted

    1.66% 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 4.1.
  • Change versus previous month

    Short interest in Equity Residential has recently increased by 12.95%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Equity Residential has a news sentiment score of 0.50. 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 is a lower news sentiment than the 0.74 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 16 news articles for Equity Residential this week, compared to 9 articles on an average week.
  • Search Interest

    6 people have searched for EQR on MarketBeat in the last 30 days. This is an increase of 20% compared to the previous 30 days.
  • MarketBeat Follows

    Only 1 people have added Equity Residential to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days.
  • 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.

  • Read more about Equity Residential's insider trading history.
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EQR Stock News Headlines

Is Equity Residential Stock Outperforming the Dow?
Equity Residential (NYSE:EQR) Research Coverage Started at Barclays
How to piss off your liberal friends… and profit from it
Elon Musk has just exposed the “energy grift” of America in a recent tweet to his platform, X. And people are slowly starting to wake up to the Deep State’s lies.
Equity Residential Expands Severance Plan and Paper Program
See More Headlines

EQR Stock Analysis - Frequently Asked Questions

Equity Residential's stock was trading at $61.16 at the start of the year. Since then, EQR stock has increased by 16.7% and is now trading at $71.35.
View the best growth stocks for 2024 here
.

Equity Residential (NYSE:EQR) released its quarterly earnings data on Monday, July, 29th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate 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
.

Top institutional shareholders of Equity Residential include State Street Corp (6.30%), Geode Capital Management LLC (2.47%), FMR LLC (2.04%) and Principal Financial Group Inc. (2.04%). 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
.

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.

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
12/22/2024
Fiscal Year End
12/31/2024
Ex-Dividend for 1/17 Dividend
1/02/2025
Dividend Payable
1/17/2025

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Residential REITs
CUSIP
29476L10
Employees
2,400
Year Founded
1967

Price Target and Rating

Average Stock Price Target
$78.14
High Stock Price Target
$85.00
Low Stock Price Target
$64.00
Potential Upside/Downside
+9.5%
Consensus Rating
Hold
Rating Score (0-4)
2.47
Research Coverage
19 Analysts

Profitability

Net Income
$835.44 million
Pretax Margin
32.88%

Debt

Sales & Book Value

Annual Sales
$2.94 billion
Cash Flow
$4.53 per share
Book Value
$29.67 per share

Miscellaneous

Free Float
375,635,000
Market Cap
$27.07 billion
Optionable
Optionable
Beta
0.92

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This page (NYSE:EQR) was last updated on 12/22/2024 by MarketBeat.com Staff
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