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Equity Residential (EQR)
NYSE:EQR
Equity Residential (EQR) Stock Price & Analysis
518 Followers
EQR Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$51.46 - $67.23
Previous Close$59.68
Volume2.74M
Average Volume (3M)2.10M
Market Cap
$23.73B
Enterprise Value$31.15B
Total Cash (Recent Filing)$50.74M
Total Debt (Recent Filing)$6.98B
Price to Earnings (P/E)27.6
Beta0.82
Next Earnings
Apr 23, 2024EPS Estimate
$0.33Next Dividend Ex-DateN/A
Dividend Yield4.39%
Share Statistics
EPS (TTM)2.17
Shares Outstanding379,553,591
10 Day Avg. Volume1,663,932
30 Day Avg. Volume2,096,139
Standard Deviation0.07
R-Squared0.44
Alpha-0.00753
Financial Highlights & Ratios
Price to Book (P/B)2.08
Price to Sales (P/S)7.88
Price to Cash Flow (P/CF)16.70
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue10.84
Enterprise Value/Gross Profit10.40
Enterprise Value/Ebitda10.45
Forecast
1Y Price Target
$65.23Price Target Upside7.98% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering12
Equity Residential News
PremiumCompany Announcements
Equity Residential Expands Board, Appoints New Trustees
PremiumCompany Announcements
Equity Residential Senior Management to Present at Citi Conference
Bulls Say, Bears Say
Bulls Say
Earnings GuidanceEQR's initial FY24 guidance has exceeded consensus expectations, suggesting a positive outlook and financial strength.
Operational PerformanceJanuary operating metrics for EQR indicate a sequential acceleration in occupancy rates, demonstrating a resilient and growing demand for their properties.
Revenue GrowthEQR forecasts a healthy same store revenue growth, alleviating concerns about potential weaknesses and signaling robust earnings potential.
Bears Say
Financial ForecastEQR's operating guide assumptions may be too optimistic, reflecting rental pricing and a second half bounce that could exceed market expectations.
Financial PerformanceEQR's guidance for same-store net operating income growth falls short of analyst expectations, primarily due to higher than anticipated operating expenses.
Lease RatesThe projected lease rates for EQR in the upcoming fiscal year might be overly ambitious, considering the high supply and weakening pricing power in key markets.
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Ownership Overview
3.02% Insiders
26.95% Mutual Funds
26.37% Other Institutional Investors
43.66% 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 $51.46 and its highest was $67.23 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 Apr 23, 2024 which is in 5 days.
How were Equity Residential’s earnings last quarter?
Equity Residential released its earnings results on Jan 30, 2024. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.39.
Is Equity Residential overvalued?
According to Wall Street analysts Equity Residential’s price is currently Undervalued.
Does Equity Residential pay dividends?
Equity Residential does not currently pay dividends.
What is Equity Residential’s EPS estimate?
Equity Residential’s EPS estimate is $0.33.
How many shares outstanding does Equity Residential have?
Equity Residential has 379,553,600 shares outstanding.
What happened to Equity Residential’s price movement after its last earnings report?
Equity Residential reported an EPS of $0.82 in its last earnings report, beating expectations of $0.43. Following the earnings report the stock price went up 1.5%.
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 570M.
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Equity Residential Stock Smart Score
Underperform
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Analyst Consensus
Moderate Buy
Average Price Target:
$65.23 (7.98% Upside)
$65.23 (7.98% Upside)
Blogger Sentiment
Bullish
EQR Sentiment 100%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Decreased
By 2.0M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $257.1K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days >0.1%
Last 30 Days ▼ 10.2%
Last 30 Days ▼ 10.2%
Technicals
SMA
Positive
20 days / 200 days
Momentum
3.74%
12-Months-Change
Fundamentals
Return on Equity
7.51%
Trailing 12-Months
Asset Growth
-0.91%
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 Earnings Call
Q4 2024
0:00 / 0:00
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EQR Stock 12 Months Forecast
Average Price Target
$65.23
▲(7.98% Upside)
Technical Analysis
Best Analysts Covering EQR
1 Year
1 Year Success Rate
8/16 ratings generated profit
1 Year Average Return
+4.09%
reiterated a buy rating 9 days ago
Copying Michael Lewis's trades and holding each position for 1 Year would result in 50.00% of your transactions generating a profit, with an average return of +4.09% per trade.
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