Q2 EPS Estimate for Equity Residential Reduced by Analyst

Equity Residential (NYSE:EQR) – Equities researchers at Zacks Research lowered their Q2 2026 earnings per share estimates for Equity Residential in a research report issued on Tuesday, May 19th. Zacks Research analyst Team now anticipates that the real estate investment trust will earn $1.00 per share for the quarter, down from their previous forecast of $1.02. The consensus estimate for Equity Residential’s current full-year earnings is $4.09 per share. Zacks Research also issued estimates for Equity Residential’s Q4 2026 earnings at $1.04 EPS, FY2026 earnings at $4.06 EPS, Q1 2027 earnings at $1.00 EPS, Q2 2027 earnings at $1.04 EPS, Q3 2027 earnings at $1.09 EPS, Q4 2027 earnings at $1.08 EPS, Q1 2028 earnings at $1.08 EPS and FY2028 earnings at $4.43 EPS.

Equity Residential (NYSE:EQR) last issued its 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 firm had revenue of $779.85 million during the quarter, compared to analyst estimates of $781.79 million. During the same quarter in the prior year, the firm posted $0.95 EPS. The firm’s revenue for the quarter 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.

A number of other research analysts have also recently issued reports on the company. Wells Fargo & Company lifted their price target on Equity Residential from $62.00 to $64.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Barclays raised their price target on Equity Residential from $75.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. JPMorgan Chase & Co. boosted their price objective on shares of Equity Residential from $71.00 to $72.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. The Goldman Sachs Group lowered their price target on Equity Residential from $71.00 to $69.00 and set a “neutral” rating for the company in a report on Thursday, April 16th. Finally, Stifel Nicolaus decreased their price target on shares of Equity Residential from $78.50 to $78.25 and set a “buy” rating for the company in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $70.11.

Equity Residential Stock Down 0.7%

Shares of EQR opened at $65.80 on Friday. The business’s 50 day simple moving average is $62.08 and its 200-day simple moving average is $61.87. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.18 and a quick ratio of 0.18. Equity Residential has a one year low of $57.57 and a one year high of $70.31. The company has a market capitalization of $24.65 billion, a P/E ratio of 26.32, a PEG ratio of 5.26 and a beta of 0.76.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Collier Financial acquired a new position in Equity Residential in the 3rd quarter valued at approximately $26,000. Fulcrum Asset Management LLP acquired a new position in shares of Equity Residential in the 3rd quarter valued at about $27,000. Rosenberg Matthew Hamilton boosted its holdings in shares of Equity Residential by 69.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 440 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 180 shares in the last quarter. Zions Bancorporation National Association UT boosted its stake in Equity Residential by 375.2% during the fourth quarter. Zions Bancorporation National Association UT now owns 480 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 379 shares in the last quarter. Finally, DV Equities LLC bought a new position in shares of Equity Residential during the 4th quarter worth about $30,000. Institutional investors and hedge funds own 92.68% of the company’s stock.

Equity Residential Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Monday, March 30th were given a dividend of $0.7025 per share. This is a positive change from Equity Residential’s previous quarterly dividend of $0.69. This represents a $2.81 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Monday, March 30th. Equity Residential’s payout ratio is 112.40%.

Key Stories Impacting Equity Residential

Here are the key news stories impacting Equity Residential this week:

• Positive Sentiment: Equity Residential and AvalonBay agreed to merge in an all-stock deal that could create a major apartment REIT with expected synergies and greater scale, a development that may support the stock. AvalonBay, Equity Residential Merge To Create $50B Real-Estate Giant
• Positive Sentiment: Zacks Research raised several forward EPS estimates for Equity Residential, including Q1 2027, Q3 2027, Q4 2027, Q1 2028, and FY2028, signaling a somewhat improved earnings outlook.
• Neutral Sentiment: Analysts also trimmed some near-term estimates, including FY2026, Q2 2026, Q2 2027, and Q4 2026 EPS, suggesting the near-term earnings picture is mixed.
• Negative Sentiment: Shareholder law firms are investigating the merger terms, creating legal and deal-process overhang that could weigh on sentiment until more clarity emerges. HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Equity Residential (NYSE: EQR)

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.