Equity Residential (NYSE:EQR) Updates FY 2026 Earnings Guidance

Equity Residential (NYSE:EQR) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 4.020-4.140 for the period, compared to the consensus estimate of 4.070. The company issued revenue guidance of -. Equity Residential also updated its Q2 2026 guidance to 0.980-1.020 EPS.

Equity Residential Stock Up 4.6%

Equity Residential stock traded up $2.89 during trading on Tuesday, reaching $65.21. The stock had a trading volume of 3,614,219 shares, compared to its average volume of 2,617,216. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.73. Equity Residential has a 52-week low of $57.57 and a 52-week high of $72.40. The stock has a market cap of $24.43 billion, a PE ratio of 22.26, a P/E/G ratio of 4.72 and a beta of 0.73. The business has a 50 day moving average price of $61.25 and a 200 day moving average price of $61.45.

Equity Residential (NYSE:EQR) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $999.00 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $998.71. Equity Residential had a net margin of 36.20% and a return on equity of 9.98%. Equity Residential has set its FY 2026 guidance at 4.020-4.140 EPS and its Q2 2026 guidance at 0.980-1.020 EPS. On average, analysts predict that Equity Residential will post 4.07 EPS for the current year.

Equity Residential Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Monday, March 30th were issued a dividend of $0.7025 per share. This is a positive change from Equity Residential’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Monday, March 30th. This represents a $2.81 dividend on an annualized basis and a yield of 4.3%. Equity Residential’s dividend payout ratio (DPR) is presently 95.90%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Morgan Stanley upgraded Equity Residential from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $72.00 to $74.00 in a research note on Thursday, March 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Equity Residential in a research note on Tuesday, April 21st. Argus set a $70.00 target price on shares of Equity Residential in a research note on Thursday, March 12th. Piper Sandler set a $78.00 price target on Equity Residential in a report on Tuesday, January 27th. Finally, Cantor Fitzgerald boosted their price objective on shares of Equity Residential from $61.00 to $64.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $69.53.

Insider Buying and Selling at Equity Residential

In other Equity Residential news, EVP Catherine Carraway sold 656 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $65.13, for a total value of $42,725.28. Following the sale, the executive vice president owned 18,339 shares of the company’s stock, valued at $1,194,419.07. This represents a 3.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert Garechana sold 3,637 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $65.13, for a total transaction of $236,877.81. Following the completion of the sale, the executive vice president owned 18,740 shares in the company, valued at $1,220,536.20. This represents a 16.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 10,058 shares of company stock valued at $655,078 over the last quarter. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Equity Residential

A number of institutional investors have recently made changes to their positions in EQR. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Equity Residential by 876.0% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,500,885 shares of the real estate investment trust’s stock valued at $291,342,000 after acquiring an additional 4,039,752 shares in the last quarter. Wellington Management Group LLP increased its position in Equity Residential by 797.2% during the 3rd quarter. Wellington Management Group LLP now owns 2,085,406 shares of the real estate investment trust’s stock worth $134,988,000 after purchasing an additional 1,852,970 shares in the last quarter. Alyeska Investment Group L.P. raised its stake in Equity Residential by 353.5% in the 3rd quarter. Alyeska Investment Group L.P. now owns 2,002,892 shares of the real estate investment trust’s stock valued at $129,647,000 after purchasing an additional 1,561,241 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Equity Residential by 45.5% in the 4th quarter. JPMorgan Chase & Co. now owns 4,205,039 shares of the real estate investment trust’s stock valued at $265,086,000 after purchasing an additional 1,315,654 shares in the last quarter. Finally, Woodline Partners LP lifted its holdings in Equity Residential by 2,810.2% in the 3rd quarter. Woodline Partners LP now owns 1,073,893 shares of the real estate investment trust’s stock valued at $69,513,000 after purchasing an additional 1,036,992 shares in the last quarter. 92.68% of the stock is owned by institutional investors and hedge funds.

Equity Residential Company Profile

Equity Residential (NYSE: EQR) is a publicly traded real estate investment trust that acquires, develops, owns and operates rental apartment properties. Headquartered in Chicago, the company focuses on delivering professionally managed, market-rate apartment homes and related services to renters. Its operations cover a range of property types, including high-rise and mid-rise assets, with amenities and on-site management designed to support resident retention and occupancy.

The company’s core activities include property acquisitions, development and redevelopment, leasing, and day-to-day property management.