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Equity Residential (EQR)
NYSE:EQR
Equity Residential (EQR) Stock Price & Analysis
540 Followers
EQR Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$50.96 - $69.35
Previous Close$69.04
Volume1.49M
Average Volume (3M)1.80M
Market Cap
$26.97B
Enterprise Value$34.40B
Total Cash (Recent Filing)$50.74M
Total Debt (Recent Filing)$6.98B
Price to Earnings (P/E)28.9
Beta0.87
Next Earnings
Jul 29, 2024EPS Estimate
$0.38Last Dividend Ex-Date
Jul 01, 2024Dividend Yield3.92%
Share Statistics
EPS (TTM)2.39
Shares Outstanding378,971,999
10 Day Avg. Volume1,543,149
30 Day Avg. Volume1,796,055
Standard Deviation0.07
R-Squared0.44
Alpha-0.00785
Financial Highlights & Ratios
Price to Book (P/B)2.34
Price to Sales (P/S)9.01
Price to Cash Flow (P/CF)18.80
P/FCF Ratio20.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue11.97
Enterprise Value/Gross Profit18.82
Enterprise Value/Ebitda14.88
Forecast
1Y Price Target
$71.17Price Target Upside2.15% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering15
Equity Residential News
PremiumCompany Announcements
Equity Residential Announces Update, Set for REITWeek Presentation
Bulls Say, Bears Say
Bulls Say
Financial PerformanceEQR became the first Apartment REIT to report 1Q24 earnings, topping expectations as its core portfolio benefited from improving revenue and expense tailwinds.
Market PerformanceNew York, Boston, Seattle, Washington D.C., and San Francisco are performing better than expected.
Rent GrowthStronger than anticipated demand has helped drive better rent growth than expected, with occupancy of 96.5%.
Bears Say
Financial ForecastEQR conservatively maintained FY24 guidance and introduced 2Q24 Core FFOps guidance below consensus/BMO, primarily due to timing of dispositions.
GuidanceThe lack of a guidance raise, a somewhat disappointing 2Q24 guide, and higher expectations may limit the stock.
Regional PerformanceOrange County and Los Angeles are performing worse than expected, in large part from higher than anticipated delinquency.
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Ownership Overview
3.02% Insiders
27.72% Mutual Funds
26.62% Other Institutional Investors
42.64% 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 $50.96 and its highest was $69.35 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 29, 2024 which is in 11 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 3.92%. See more information on Equity Residential dividends here
What is Equity Residential’s EPS estimate?
Equity Residential’s EPS estimate is $0.38.
How many shares outstanding does Equity Residential have?
Equity Residential has 378,972,000 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 2.401%.
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 589M.
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Equity Residential Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$71.17 (2.15% Upside)
$71.17 (2.15% Upside)
Blogger Sentiment
Bullish
EQR Sentiment 100%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Increased
By 2.3M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $1.1M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▼ 0.5%
Last 30 Days ▲ 7.3%
Last 30 Days ▲ 7.3%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
5.11%
12-Months-Change
Fundamentals
Return on Equity
8.28%
Trailing 12-Months
Asset Growth
-1.03%
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
Q1 2024
0:00 / 0:00
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EQR Stock 12 Month Forecast
Average Price Target
$71.17
▲(2.15% Upside)
Technical Analysis
Best Analysts Covering EQR
1 Year
1 Year Success Rate
12/17 ratings generated profit
1 Year Average Return
+7.02%
reiterated a buy rating 24 days ago
Copying Michael Lewis's trades and holding each position for 1 Year would result in 70.59% of your transactions generating a profit, with an average return of +7.02% per trade.
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