Equity Residential (EQR) to Distribute Quarterly Dividend of $0.70 on July 10th

Equity Residential (NYSE:EQR) announced a quarterly dividend on Thursday, June 18th. Stockholders of record on Monday, June 29th will be paid a dividend of 0.7025 per share by the real estate investment trust on Friday, July 10th. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Monday, June 29th.

Equity Residential has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 4 years. Equity Residential has a dividend payout ratio of 208.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Equity Residential to earn $4.24 per share next year, which means the company should continue to be able to cover its $2.81 annual dividend with an expected future payout ratio of 66.3%.

Equity Residential Stock Performance

Shares of EQR opened at $64.00 on Friday. Equity Residential has a 52 week low of $57.57 and a 52 week high of $69.87. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.18 and a current ratio of 0.18. The company has a market capitalization of $23.98 billion, a PE ratio of 25.60, a PEG ratio of 5.09 and a beta of 0.75. The company’s 50 day moving average price is $64.92 and its 200 day moving average price is $62.80.

Equity Residential (NYSE:EQR) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.09). Equity Residential had a net margin of 30.63% and a return on equity of 8.57%. The company had revenue of $779.85 million for the quarter, compared to analysts’ expectations of $781.79 million. During the same quarter in the prior year, the firm earned $0.95 earnings per share. The company’s revenue was up 2.5% on a year-over-year basis. 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. Research analysts expect that Equity Residential will post 4.09 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on EQR. Nordea Equity Research upgraded shares of Equity Residential to a “buy” rating in a research note on Wednesday, May 27th. Scotiabank lifted their price objective on shares of Equity Residential from $66.00 to $67.00 and gave the company a “sector perform” rating in a research note on Wednesday, March 4th. Morgan Stanley upgraded shares of Equity Residential from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $72.00 to $74.00 in a report on Thursday, March 26th. Piper Sandler reissued a “neutral” rating and set a $72.00 target price (down from $78.00) on shares of Equity Residential in a research report on Friday, May 29th. Finally, BMO Capital Markets raised their target price on Equity Residential from $68.00 to $75.00 and gave the company a “market perform” rating in a report on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $70.65.

About Equity Residential

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.