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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$63.09
Volume3.17M
Average Volume (3M)2.05M
Market Cap
$24.64B
Enterprise Value$32.06B
Total Cash (Recent Filing)$50.74M
Total Debt (Recent Filing)$6.98B
Price to Earnings (P/E)28.7
Beta0.81
Next Earnings
Jul 23, 2024EPS Estimate
$0.39Last Dividend Ex-Date
Mar 22, 2024Dividend Yield4.22%
Share Statistics
EPS (TTM)2.17
Shares Outstanding379,553,591
10 Day Avg. Volume1,902,719
30 Day Avg. Volume2,048,335
Standard Deviation0.07
R-Squared0.44
Alpha-0.00753
Financial Highlights & Ratios
Price to Book (P/B)2.15
Price to Sales (P/S)8.33
Price to Cash Flow (P/CF)17.20
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue11.16
Enterprise Value/Gross Profit10.71
Enterprise Value/Ebitda10.76
Forecast
1Y Price Target
$65.54Price Target Upside1.44% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering14
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
Financial PerformanceEQR's markets have a high jobs-to-supply ratio estimated at 3.9x in the coming years, indicating a robust employment market can sustain demand for EQR's properties.
Operational StrengthApril operating performance for EQR showed an occupancy increase and a significant rise in blended rates, signaling a strong market presence and operational efficiency.
Revenue GuidanceAnalysts are aligning with EQR's revenue guidance at the top end, reflecting expectations for the company's continued strong performance in the future.
Bears Say
Financial OutlookAnalysts express concerns that EQR's rental pricing assumptions for the second half of the year may be overly optimistic.
Lease RatesThe projected lease rates for EQR for the upcoming fiscal year could be too ambitious, considering the challenging comparisons from the previous year and market-specific headwinds.
Operational PerformanceEQR's guidance for same-store net operating income growth falls short of analyst expectations, impacted by higher than predicted operating expenses.
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Ownership Overview
3.02% Insiders
27.06% Mutual Funds
26.86% Other Institutional Investors
43.05% 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 Jul 23, 2024 which is in 89 days.
How were Equity Residential’s earnings last quarter?
Equity Residential released its earnings results on Apr 23, 2024. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.333 by $0.437.
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 4.22%. See more information on Equity Residential dividends here
What is Equity Residential’s EPS estimate?
Equity Residential’s EPS estimate is $0.39.
How many shares outstanding does Equity Residential have?
Equity Residential has 378,939,760 shares outstanding.
What happened to Equity Residential’s price movement after its last earnings report?
Equity Residential reported an EPS of $0.77 in its last earnings report, beating expectations of $0.333. Following the earnings report the stock price went up 2.409%.
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
Neutral
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$65.54 (1.44% Upside)
$65.54 (1.44% Upside)
Blogger Sentiment
Bullish
EQR Sentiment 100%
Sector Average 69%
Sector Average 69%
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 ▼ 2.7%
Last 30 Days ▼ 10.4%
Last 30 Days ▼ 10.4%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
7.42%
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
$65.54
▲(1.44% Upside)
Technical Analysis
Best Analysts Covering EQR
1 Year
1 Year Success Rate
11/16 ratings generated profit
1 Year Average Return
+5.46%
assigned a buy rating 2 days ago
Copying Michael Lewis's trades and holding each position for 1 Year would result in 68.75% of your transactions generating a profit, with an average return of +5.46% per trade.
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