Equity Residential (EQR)

NYSE
Currency in USD
68.94
+0.66(+0.97%)
Closed
After Hours
68.940.00(0.00%)
EQR Scorecard
Full Analysis
3 analysts have revised their earnings downwards for the upcoming period
Fair Value
Day's Range
67.7668.97
52 wk Range
59.4878.83
Key Statistics
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Prev. Close
68.28
Open
68.53
Day's Range
67.76-68.97
52 wk Range
59.48-78.83
Volume
2.58M
Average Volume (3m)
1.63M
1-Year Change
10.53%
Book Value / Share
29.06
Fair Value
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Fair Value Upside
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Company’s Health
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Fair Value
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Price Target
78.10
Upside
+13.29%
Members' Sentiments
Bearish
Bullish
ProTips
Prominent player in the Residential REITs industry
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Equity Residential Company Profile

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 311 properties consisting of 84,249 apartment units, with an established presence in Boston, New York, Washington, D.C., Seattle, San Francisco and Southern California, and an expanding presence in Denver, Atlanta, Dallas/Ft. Worth and Austin.

Equity Residential SWOT Analysis


Urban REIT Dynamics
Explore Equity Residential's strategic positioning in prime coastal markets and its response to evolving urban demographics and work patterns
Financial Performance
Delve into EQR's recent financial results, including FFO of $0.97 per share and revenue growth of 3.69%, amid operational challenges
Growth Strategies
Discover EQR's plans to expand market exposure from 10% to 25% and capitalize on improving cost of capital for strategic acquisitions
Market Outlook
Analysts project positive rent growth for EQR, with price targets ranging from $74 to $90, reflecting varied perspectives on its future prospects
Read full SWOT analysis

Equity Residential Earnings Call Summary for Q2/2024

  • Same-store revenues up 2.9%, NOI up 3%, NFFO per share rose 3.2% in Q2 2024
  • Full-year guidance revised: same-store expense down 1%, NOI growth to 3.25%
  • Acquiring properties in suburban Boston, Atlanta, Dallas; implementing AI and self-guided tour tech
  • Strong performance in coastal markets, particularly Northeast and Seattle
  • Challenges in expansion markets due to new supply; $10M expected for rent control advocacy in California
Last Updated: 31-07-2024, 06:58 pm
Read Full Transcript

Compare EQR to Peers and Sector

Metrics to compare
EQR
Peers
Sector
Relationship
P/E Ratio
25.3x45.3x8.2x
PEG Ratio
1.060.390.01
Price/Book
2.4x2.1x0.9x
Price / LTM Sales
9.1x7.7x3.7x
Upside (Analyst Target)
12.8%9.0%19.1%
Fair Value Upside
Unlock−9.9%3.7%Unlock

Analyst Ratings

11 Buy
15 Hold
0 Sell
Ratings:
26 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 78.10
(+13.29% Upside)

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 2.73
Dividend Yield
3.92%
Industry Median 5.09%
Annualised payout
2.70
Paid quarterly
5-Years Growth
+3.53%
Growth Streak

Earnings

Latest Release
Feb 03, 2025
EPS / Forecast
1.10 / 0.41
Revenue / Forecast
766.78M / 755.24M
EPS Revisions
Last 90 days

FAQ

What Is the Equity Residential (EQR) Stock Price Today?

The Equity Residential stock price today is 68.94.

What Stock Exchange Does Equity Residential Trade On?

Equity Residential is listed and trades on the NYSE stock exchange.

What Is the Stock Symbol for Equity Residential?

The stock symbol for Equity Residential is "EQR."

Does Equity Residential Pay Dividends? What’s The Current Dividend Yield?

The Equity Residential dividend yield is 3.92%.

What Is the Equity Residential Market Cap?

As of today, Equity Residential market cap is 26.99B.

What is Equity Residential Earnings Per Share?

The Equity Residential EPS is 2.73.

What Is the Next Equity Residential Earnings Date?

Equity Residential will release its next earnings report on 28 Apr 2025.

From a Technical Analysis Perspective, Is EQR a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Sell.
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