2 weeks Ago By ABMN Staff
Equity Residential ( NYSE:EQR – Free Report ) – Analysts at Zacks Research lowered their FY2024 EPS estimates for shares of Equity Residential in a research note issued on Wednesday, November 20th. Zacks Research analyst R. Department now expects that the real estate investment trust will post earnings per share of $3.
87 for the year, down from their previous estimate of $3.88. The consensus estimate for Equity Residential’s current full-year earnings is $3.
89 per share. Zacks Research also issued estimates for Equity Residential’s Q4 2024 earnings at $0.99 EPS, Q3 2025 earnings at $1.
01 EPS, Q4 2025 earnings at $1.03 EPS, FY2025 earnings at $3.99 EPS, Q2 2026 earnings at $1.
05 EPS, Q3 2026 earnings at $1.07 EPS and FY2026 earnings at $4.20 EPS.
Several other research analysts have also weighed in on EQR. Evercore ISI lifted their price objective on Equity Residential from $75.00 to $76.
00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Truist Financial boosted their price target on Equity Residential from $73.00 to $77.
00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Royal Bank of Canada reduced their price objective on shares of Equity Residential from $83.00 to $79.
00 and set an “outperform” rating for the company in a research report on Friday, November 1st. BNP Paribas assumed coverage on shares of Equity Residential in a research note on Wednesday, September 11th. They issued an “outperform” rating and a $83.
00 price objective for the company. Finally, Scotiabank cut their target price on shares of Equity Residential from $81.00 to $78.
00 and set a “sector perform” rating on the stock in a research note on Thursday, November 14th. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.
com, Equity Residential currently has an average rating of “Hold” and a consensus target price of $77.25. Equity Residential Price Performance Shares of NYSE EQR opened at $75.
79 on Friday. The company has a market capitalization of $28.76 billion, a PE ratio of 31.
06, a P/E/G ratio of 6.09 and a beta of 0.90.
The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.
76. Equity Residential has a twelve month low of $56.05 and a twelve month high of $78.
83. The firm has a fifty day simple moving average of $74.12 and a 200 day simple moving average of $71.
07. Equity Residential Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Tuesday, September 24th were paid a dividend of $0.
675 per share. This represents a $2.70 annualized dividend and a yield of 3.
56%. The ex-dividend date of this dividend was Tuesday, September 24th. Equity Residential’s dividend payout ratio (DPR) is presently 110.
66%. Institutional Inflows and Outflows Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc.
MD boosted its stake in shares of Equity Residential by 1.9% in the 1st quarter. Price T Rowe Associates Inc.
MD now owns 20,267,675 shares of the real estate investment trust’s stock worth $1,279,095,000 after buying an additional 381,236 shares during the last quarter. U.S.
Capital Wealth Advisors LLC bought a new position in Equity Residential during the second quarter valued at about $3,893,000. Boston Partners increased its holdings in Equity Residential by 4.3% during the first quarter.
Boston Partners now owns 2,715,151 shares of the real estate investment trust’s stock worth $171,368,000 after buying an additional 112,270 shares during the last quarter. Cetera Investment Advisers bought a new stake in Equity Residential in the first quarter worth about $2,841,000. Finally, Canada Pension Plan Investment Board boosted its stake in Equity Residential by 1.
2% in the second quarter. Canada Pension Plan Investment Board now owns 5,001,360 shares of the real estate investment trust’s stock valued at $346,794,000 after acquiring an additional 60,000 shares during the last quarter. 92.
68% of the stock is currently owned by hedge funds and other institutional investors. About Equity Residential ( Get Free Report ) 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. Further Reading Receive News & Ratings for Equity Residential Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity Residential and related companies with MarketBeat.com's FREE daily email newsletter .
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