Equity Residential/EQR

$60.63

-1.72%
-
1D1W1MYTD1YMAX

About Equity Residential

Equity Residential is a real estate investment trust. The Company is focused on the acquisition, development and management of residential properties located in and around cities. The Company’s primary business is the acquisition, development, and management of multifamily residential properties, which includes the generation of rental and other related income through the leasing of apartment units to residents. The Company owns and operates rental apartment properties, with a presence in Boston, New York, Washington, D.C., Southern California, including Los Angeles, Orange County and San Diego), San Francisco and Seattle, and an expanding presence in Denver, Atlanta, Dallas/Ft. Worth and Austin. The Company owns 302 properties located in 10 states and the District of Columbia consisting of 80,191 apartment units. ERP Operating Limited Partnership (ERPOP) conducts the multifamily residential property business of Equity Residential.

Ticker

EQR

Sector

Real Estate

Trading on

NYSE

Industry

Real Estate Operations

CEO

Mark Parrell

Employees

2,400

Headquarters

Chicago, United States

EQR Metrics

BasicAdvanced
$23.41B
Market cap
28.06
P/E ratio
$2.20
EPS
0.85
Beta
$2.61
Dividend rate
4.38%
Dividend yield
$23.41B
0.85182
$69.45
$52.57
2.08M
$2.61
62.975
66.666
120.73%
738.532
3.39%
4.34%
7.5%
4.71%
28.057
8.147
2.118
2.112
3.45%
4.23%
4.38%
5.07%
6.32%
3.77%
-3.53%
3.23%

What the Analysts think about EQR

Analyst Ratings

Majority rating from 24 analysts.
Hold

Price Targets

Average projection from 19 analysts.
8.77% upside
High $73.00
Low $61.00
$60.63
Current price
$65.95
Average price target

EQR Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
42.83% profit margin
QuarterlyAnnual
Q4 23
QoQ growth
Revenue
$727.5M
0.48%
Net income
$311.6M
80.64%
Profit margin
42.83%
79.81%

EQR Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 91.1%
QuarterlyAnnual
Q1 23
Q2 23
Q3 23
Q4 23
Q1 24
Actual
$0.56
$0.37
$0.45
$0.82
-
Expected
$0.33
$0.38
$0.40
$0.43
$0.33
Surprise
67.66%
-1.33%
12.9%
91.1%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

Upcoming events

FAQs

What’s the current market cap for Equity Residential stock?

Equity Residential (EQR) has a market cap of $23.41B as of April 15, 2024.

What is the P/E ratio for Equity Residential stock?

The price to earnings (P/E) ratio for Equity Residential (EQR) stock is 28.06 as of April 15, 2024.

Does Equity Residential stock pay dividends?

Yes, the Equity Residential (EQR) stock pays dividends to shareholders. As of April 15, 2024, the dividend rate is $2.6125 and the yield is 4.38%. Equity Residential has a payout ratio of 120.73% on a trailing twelve-month basis.

When is the next Equity Residential dividend payment date?

The next Equity Residential (EQR) dividend payment date is unconfirmed.

What is the beta indicator for Equity Residential?

Equity Residential (EQR) has a beta rating of 0.85. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.

What is the Equity Residential stock price target?

The target price for Equity Residential (EQR) stock is $65.95, which is 8.77% above the current price of $60.63. This is an average based on projections from 19 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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