Q1 EPS Forecast for Equity Residential Reduced by Analyst

Equity Residential (NYSE:EQR) – Equities researchers at Zacks Research reduced their Q1 2025 earnings per share estimates for Equity Residential in a note issued to investors on Monday, February 24th. Zacks Research analyst R. Department now expects that the real estate investment trust will earn $0.92 per share for the quarter, down from their previous forecast of $0.96. The consensus estimate for Equity Residential’s current full-year earnings is $3.98 per share. Zacks Research also issued estimates for Equity Residential’s FY2025 earnings at $3.96 EPS and FY2026 earnings at $4.16 EPS.

Several other equities analysts also recently commented on EQR. Stifel Nicolaus set a $82.25 target price on Equity Residential in a research report on Tuesday, February 4th. Evercore ISI upped their target price on Equity Residential from $74.00 to $76.00 and gave the company an “in-line” rating in a research report on Monday, February 10th. Royal Bank of Canada reduced their price target on Equity Residential from $83.00 to $79.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. 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. Finally, Mizuho reduced their price target on Equity Residential from $78.00 to $74.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Eleven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $78.46.

Equity Residential Price Performance

Equity Residential stock opened at $73.69 on Thursday. Equity Residential has a 12 month low of $59.02 and a 12 month high of $78.83. The stock’s 50 day moving average is $70.56 and its 200-day moving average is $72.84. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $27.98 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 3.99 and a beta of 0.93.

Hedge Funds Weigh In On Equity Residential

Institutional investors and hedge funds have recently made changes to their positions in the business. SRS Capital Advisors Inc. increased its position in shares of Equity Residential by 607.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 361 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 310 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Equity Residential in the 3rd quarter worth approximately $29,000. Assetmark Inc. grew its position in Equity Residential by 2,529.4% in the 3rd quarter. Assetmark Inc. now owns 447 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 430 shares during the period. Brooklyn Investment Group bought a new stake in Equity Residential in the 3rd quarter worth approximately $33,000. Finally, Continuum Advisory LLC bought a new stake in Equity Residential in the 3rd quarter worth approximately $40,000. Institutional investors own 92.68% of the company’s stock.

Insiders Place Their Bets

In other Equity Residential news, EVP Scott Fenster sold 5,340 shares of the firm’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $72.06, for a total value of $384,800.40. Following the completion of the sale, the executive vice president now directly owns 35,507 shares in the company, valued at $2,558,634.42. This trade represents a 13.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Ian Kaufman sold 642 shares of the firm’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $72.06, for a total transaction of $46,262.52. Following the completion of the sale, the chief accounting officer now owns 25,539 shares of the company’s stock, valued at $1,840,340.34. This trade represents a 2.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,763 shares of company stock valued at $1,424,217 over the last three months. Insiders own 1.00% of the company’s stock.

Equity Residential Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd were paid a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 3.66%. The ex-dividend date was Thursday, January 2nd. Equity Residential’s dividend payout ratio is presently 99.26%.

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.