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Equity Residential (EQR)
NYSE:EQR
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EQR Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$52.57 - $78.84
Previous Close$72.16
Volume469.48K
Average Volume (3M)1.78M
Market Cap
$28.49B
Enterprise Value$35.85B
Total Cash (Recent Filing)$38.30M
Total Debt (Recent Filing)$7.16B
Price to Earnings (P/E)29.1
Beta0.68
Next Earnings
Oct 22, 2024EPS Estimate
$0.4Last Dividend Ex-Date
Sep 24, 2024Dividend Yield3.7%
Share Statistics
EPS (TTM)2.48
Shares Outstanding379,135,883
10 Day Avg. Volume1,607,730
30 Day Avg. Volume1,781,262
Standard Deviation0.07
R-Squared0.47
Alpha-0.00817
Financial Highlights & Ratios
Price to Book (P/B)2.50
Price to Sales (P/S)9.44
Price to Cash Flow (P/CF)17.30
P/FCF Ratio23.90
Enterprise Value/Market CapN/A
Enterprise Value/Revenue12.35
Enterprise Value/Gross Profit19.62
Enterprise Value/Ebitda15.46
Forecast
1Y Price Target
$79.58Price Target Upside9.16% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering18
Equity Residential News
Bulls Say, Bears Say
Bulls Say
Earnings GuidanceEQR raised FY24 guidance above the Street driven by better than expected SS results.
Market PerformanceThe West Coast, specifically SF & Seattle, along with Washington D.C. have been the biggest upside drivers to guidance YTD, coupled with continued strength in Boston & NYC.
Portfolio And RevenueRevenue gains driven by a sequential and Y/Y improvement in occupancy to 96.4% and 2.9% blended lease rate growth.
Bears Say
Demand And OversupplyExpansion markets experienced regional pockets of oversupply and demand weakness in Seattle and San Francisco.
Labor Market And DemographicsLabor market softening will be most acutely felt in EQR's urban & coastal portfolio.
Rent TrendsAsking rents for EQR's 1 beds / 1 bath apartments trend below rent levels from a year ago.
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Ownership Overview
0.14% Insiders
28.32% Mutual Funds
0.17% Other Institutional Investors
44.54% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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EQR FAQ
What was Equity Residential’s price range in the past 12 months?
Equity Residential lowest stock price was $52.57 and its highest was $78.83 in the past 12 months.
What is Equity Residential’s market cap?
Currently, no data Available
When is Equity Residential’s upcoming earnings report date?
Equity Residential’s upcoming earnings report date is Oct 22, 2024 which is in 10 days.
How were Equity Residential’s earnings last quarter?
Equity Residential released its earnings results on Jul 29, 2024. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.383 by $0.087.
Is Equity Residential overvalued?
According to Wall Street analysts Equity Residential’s price is currently Undervalued.
Does Equity Residential pay dividends?
Equity Residential pays a Quarterly dividend of $0.68 which represents an annual dividend yield of 3.7%. See more information on Equity Residential dividends here
What is Equity Residential’s EPS estimate?
Equity Residential’s EPS estimate is $0.4.
How many shares outstanding does Equity Residential have?
Equity Residential has 379,135,900 shares outstanding.
What happened to Equity Residential’s price movement after its last earnings report?
Equity Residential reported an EPS of $0.47 in its last earnings report, beating expectations of $0.383. Following the earnings report the stock price went down -2.42%.
Which hedge fund is a major shareholder of Equity Residential?
Among the largest hedge funds holding Equity Residential’s share is First Eagle Investment Management LLC. It holds Equity Residential’s shares valued at 645M.
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Equity Residential Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$79.58 (9.16% Upside)
$79.58 (9.16% Upside)
Blogger Sentiment
Bullish
EQR Sentiment 100%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Decreased
By 7.0M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $1.8M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▼ 1.7%
Last 30 Days ▲ 4.2%
Last 30 Days ▲ 4.2%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
25.64%
12-Months-Change
Fundamentals
Return on Equity
8.70%
Trailing 12-Months
Asset Growth
-1.82%
Trailing 12-Months
Company Description
Equity Residential
Equity Residential operates as a real estate investment trust. It engages in the acquisition, development, and management of rental apartment properties, which includes the generation of rental and other related income through the leasing of apartment units to residents. The company was founded by Robert H. Lurie and Sam Zell in March 1993 and is headquartered in Chicago, IL.
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EQR Company Deck
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EQR Earnings Call
Q2 2024
0:00 / 0:00
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EQR Stock 12 Month Forecast
Average Price Target
$79.58
▲(9.16% Upside)
Technical Analysis
Best Analysts Covering EQR
1 Year
1 Year Success Rate
14/20 ratings generated profit
1 Year Average Return
+7.58%
reiterated a buy rating last month
Copying Michael Lewis's trades and holding each position for 1 Year would result in 70.00% of your transactions generating a profit, with an average return of +7.58% per trade.
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