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 high quality long-term renters. Equity Residential owns or has investments in 305 properties consisting of 78,568 apartment units, located in Boston, New York, Washington, D.C., Seattle, San Francisco, Southern California and Denver.
IPO Year:
Exchange: NYSE
Website: equityapartments.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/13/2024 | $77.75 → $81.50 | Hold → Buy | Stifel |
| 9/24/2024 | $78.00 → $82.00 | Buy → Neutral | BofA Securities |
| 9/11/2024 | $83.00 | Outperform | Exane BNP Paribas |
| 9/10/2024 | $62.00 → $83.00 | Hold → Buy | Deutsche Bank |
| 9/4/2024 | $81.00 | Neutral | Goldman |
| 8/26/2024 | $69.00 → $77.00 | Overweight → Equal Weight | Wells Fargo |
| 6/28/2024 | $70.00 → $80.00 | Neutral → Overweight | Piper Sandler |
| 5/13/2024 | $70.00 | Outperform → In-line | Evercore ISI |
| 4/22/2024 | $68.00 → $70.00 | Market Perform → Outperform | BMO Capital Markets |
| 3/18/2024 | Underperform → Mkt Perform | Raymond James |
Stifel upgraded Equity Residential from Hold to Buy and set a new price target of $81.50 from $77.75 previously
BofA Securities downgraded Equity Residential from Buy to Neutral and set a new price target of $82.00 from $78.00 previously
Exane BNP Paribas initiated coverage of Equity Residential with a rating of Outperform and set a new price target of $83.00
Deutsche Bank upgraded Equity Residential from Hold to Buy and set a new price target of $83.00 from $62.00 previously
Goldman initiated coverage of Equity Residential with a rating of Neutral and set a new price target of $81.00
Wells Fargo downgraded Equity Residential from Overweight to Equal Weight and set a new price target of $77.00 from $69.00 previously
Piper Sandler upgraded Equity Residential from Neutral to Overweight and set a new price target of $80.00 from $70.00 previously
Evercore ISI downgraded Equity Residential from Outperform to In-line and set a new price target of $70.00
BMO Capital Markets upgraded Equity Residential from Market Perform to Outperform and set a new price target of $70.00 from $68.00 previously
Raymond James upgraded Equity Residential from Underperform to Mkt Perform
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Equity Residential (NYSE:EQR) today reported results for the quarter and nine months ended September 30, 2024 and has posted a Q3 2024 Management Presentation to its website as referenced below. Third Quarter 2024 Results All per share results are reported as available to common shares/units on a diluted basis. Quarter Ended September 30, 2024 2023 $ Change % Change Earnings Per Share (EPS) $ 0.38 $ 0.45 $ (0.07 ) (15.6 %) Funds from Operations (FFO) p
Equity Residential (NYSE:EQR), a recognized leader in corporate responsibility, today announced the publication of its 2024 Corporate Responsibility report. The report describes the Company's strategies around sustainability, employee development, customer engagement, community service and governance as well as its goals and achievements in these areas. "We are pleased to share our 11th annual report on corporate responsibility. The issues covered in the report are integrated into our strategy and are key drivers to our success as an organization. By using technology and process improvements to reduce energy and water usage, investing in the development of an even more engaged and inclusiv
Equity Residential (NYSE:EQR) today announced that the Company will release its third quarter 2024 operating results on Wednesday, October 30, 2024 after the close of market and host a conference call to discuss those results on Thursday, October 31, 2024 at 10:30 a.m. Central. The conference call will be available via web cast on the Investor section of www.equityapartments.com. About Equity Residential 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 Resid
Equity Residential (NYSE:EQR) today announced that its Board of Trustees declared quarterly dividends on the Company's common and preferred shares. A regular common share dividend for the third quarter of $0.675 per share will be paid on October 11, 2024 to shareholders of record on September 24, 2024. A quarterly dividend of $1.03625 per share will be paid on September 30, 2024 to shareholders of record on September 20, 2024 of the Company's Series K Preferred Shares. About Equity Residential 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 propertie
Equity Residential (NYSE:EQR) today announced that the Company's President and CEO, Mark J. Parrell, will participate in a roundtable discussion at the Bank of America Securities 2024 Global Real Estate Conference on Wednesday, September 11 at 1:30 p.m. ET. The event will be web cast live. A link to the web cast will be available in the Presentations section of the Investor section of the Company's website at www.equityapartments.com. On September 4, 2024, the Company issued an operating update, which can be found in the Press Releases section of the Investor section of Company's website. About Equity Residential Equity Residential is committed to creating communities where people thrive.
Equity Residential (NYSE:EQR) today provided an update on certain same store operating trends in its business. Same store revenue growth remains on track within the Company's guidance range as described in its second quarter 2024 earnings release published on July 29, 2024. The Company is finishing its primary leasing season with healthy demand and pricing for its apartment units. The Company continues to expect to produce Blended Rate growth of 2.0% to 3.0% for the third quarter of 2024 and Physical Occupancy of 96.2% for the full year 2024. About Equity Residential Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, is foc
Equity Residential (NYSE:EQR) and Blackstone (NYSE:BX) today announced that Equity Residential has agreed to acquire 11 apartment properties from Blackstone Real Estate strategies in separate transactions, including Blackstone Real Estate Income Trust, Blackstone Real Estate Partners and Blackstone Property Partners, for approximately $964 million. The transactions, which remain subject to customary closing conditions, are expected to close in the third quarter of 2024. The properties, which are located in Equity Residential's expansion markets of Atlanta, Dallas/Ft. Worth and Denver, total 3,572 apartment units and are on average eight years old. These properties are attractive to Equity
Guidance Updated on Strong Operating Fundamentals Equity Residential (NYSE:EQR) today reported results for the quarter and six months ended June 30, 2024. Second Quarter 2024 Results All per share results are reported as available to common shares/units on a diluted basis. Quarter Ended June 30, 2024 2023 $ Change % Change Earnings Per Share (EPS) $ 0.47 $ 0.37 $ 0.10 27.0
Equity Residential announced today the re-opening of the staircase plaza at Harbor Steps Apartments in downtown Seattle after a nearly year-long renovation project. The public plaza, known in the community as "The Steps," descends 107 steps from 1st Avenue to Western Avenue and is a major pedestrian connection between downtown and the Seattle Waterfront. The reimagined plaza was designed by GGLO of Seattle, WA and holds true to the form of the original Harbor Steps plaza which was constructed over University Street in 1994. It is surrounded by the four high-rise towers of Harbor Steps Apartments which contain 761 residential units. The plaza includes four redesigned fountains, added bench
Equity Residential (NYSE:EQR) today announced that the Company will release its second quarter 2024 operating results on Monday, July 29, 2024 after the close of market and host a conference call to discuss those results on Tuesday, July 30, 2024 at 10:00 a.m. Central. The conference call will be available via web cast on the Investor section of www.equityapartments.com. About Equity Residential 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
Equity Residential (NYSE:EQR) today reported results for the quarter and nine months ended September 30, 2024 and has posted a Q3 2024 Management Presentation to its website as referenced below. Third Quarter 2024 Results All per share results are reported as available to common shares/units on a diluted basis. Quarter Ended September 30, 2024 2023 $ Change % Change Earnings Per Share (EPS) $ 0.38 $ 0.45 $ (0.07 ) (15.6 %) Funds from Operations (FFO) p
Equity Residential (NYSE:EQR) today announced that the Company will release its third quarter 2024 operating results on Wednesday, October 30, 2024 after the close of market and host a conference call to discuss those results on Thursday, October 31, 2024 at 10:30 a.m. Central. The conference call will be available via web cast on the Investor section of www.equityapartments.com. About Equity Residential 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 Resid
Equity Residential (NYSE:EQR) today announced that its Board of Trustees declared quarterly dividends on the Company's common and preferred shares. A regular common share dividend for the third quarter of $0.675 per share will be paid on October 11, 2024 to shareholders of record on September 24, 2024. A quarterly dividend of $1.03625 per share will be paid on September 30, 2024 to shareholders of record on September 20, 2024 of the Company's Series K Preferred Shares. About Equity Residential 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 propertie
Guidance Updated on Strong Operating Fundamentals Equity Residential (NYSE:EQR) today reported results for the quarter and six months ended June 30, 2024. Second Quarter 2024 Results All per share results are reported as available to common shares/units on a diluted basis. Quarter Ended June 30, 2024 2023 $ Change % Change Earnings Per Share (EPS) $ 0.47 $ 0.37 $ 0.10 27.0
Equity Residential (NYSE:EQR) today announced that the Company will release its second quarter 2024 operating results on Monday, July 29, 2024 after the close of market and host a conference call to discuss those results on Tuesday, July 30, 2024 at 10:00 a.m. Central. The conference call will be available via web cast on the Investor section of www.equityapartments.com. About Equity Residential 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
Equity Residential (NYSE:EQR) today announced that its Board of Trustees declared quarterly dividends on the Company's common and preferred shares. A regular common share dividend for the second quarter of $0.675 per share will be paid on July 12, 2024 to shareholders of record on July 1, 2024. A quarterly dividend of $1.03625 per share will be paid on July 1, 2024 to shareholders of record on June 20, 2024 of the Company's Series K Preferred Shares. About Equity Residential 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
Same Store Results Ahead of Expectations Equity Residential (NYSE:EQR) today reported results for the quarter ended March 31, 2024. First Quarter 2024 Results All per share results are reported as available to common shares/units on a diluted basis. Quarter Ended March 31, 2024 2023 $ Change % Change Earnings Per Share (EPS) $ 0.77 $ 0.56
Equity Residential (NYSE:EQR) today announced that the Company will release its first quarter 2024 operating results on Tuesday, April 23, 2024 after the close of market and host a conference call to discuss those results on Wednesday, April 24, 2024 at 10:00 a.m. Central. The conference call will be available via web cast on the Investor section of www.equityapartments.com. About Equity Residential 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 Resident
Increases Annualized Dividend by 2% Sets Record and Meeting Dates for 2024 Annual Meeting of Shareholders Equity Residential (NYSE:EQR) today announced that its Board of Trustees declared quarterly dividends on the Company's common and preferred shares. A regular common share dividend for the first quarter of $0.675 per share will be paid on April 12, 2024 to shareholders of record on March 25, 2024. The annualized dividend of $2.70 per share is a 2% increase over the Company's 2023 common share dividend. "We are focused on creating long-term value for our shareholders and are pleased to increase our annual dividend as an important component of that value creation," said Mark J. Parre
Provides 2024 Guidance Equity Residential (NYSE:EQR) today reported results for the quarter and year ended December 31, 2023. Fourth Quarter 2023 Results All per share results are reported as available to common shares/units on a diluted basis. Quarter Ended December 31, 2023 2022 $ Change % Change Earnings Per Share (EPS) $ 0.82 $ 0.42
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Equity Residential (NYSE:EQR) today announced the appointment of Ann C. Hoff and Nina P. Jones to the Company's Board of Trustees to serve until the next annual meeting of shareholders. Both Ms. Hoff and Ms. Jones qualify as independent trustees under the New York Stock Exchange's listing standards. Ms. Hoff will serve on the Audit Committee and Ms. Jones will serve on both the Audit and Corporate Governance Committees. With these appointments, the Company's Board will increase to 11 members. Ms. Hoff, 57, is the President and Chief Operating Officer of Bellagio and Park MGM at MGM Resorts International (NYSE:MGM), a global gaming and entertainment company. In this role, which she has hel
BETHESDA, Md., March 22, 2022 /PRNewswire/ -- Broad Street Realty, Inc. (OTCQX:BRST), a fully integrated and self-managed publicly owned real estate company uniquely focused on Essential grocery anchored and mixed-use assets, announces the appointment of Donna Brandin as a member of Board of Directors effective immediately. Michael Z. Jacoby, Chairman of the Board of Directors and Chief Executive Officer of the Company, said, "I am humbled that someone of Donna's caliber has agreed to serve on our Board and looking forward to working with her on the continued success at the company". Ms. Brandin serves on the board of directors of Nuveen Global Cities REIT, Inc., a public, non-listed real es
Believes Nominees Have the Independent Perspectives, Differentiated Real Estate Investment Experience and Shareholder-Focused Mindsets Needed to Help Reverse Lexington's Chronic Underperformance Objective and Independent New Voices are Needed in the Boardroom to Oversee Leadership Transition Process and Full Review to Determine the Right Path Forward for LXP LXP's Total Shareholder Returns Have Underperformed Proxy Peers and Industrial Peers by Nearly 500% During CEO's 18-year Tenure1 Today Land & Buildings Investment Management, LLC (together with its affiliates, "Land & Buildings"), a significant shareholder of Lexington Realty Trust ("LXP," "Lexington" or the "Company") (NYSE:LXP), an
CHICAGO--(BUSINESS WIRE)--Equity Residential (NYSE: EQR) today announced the appointment of Angela Aman to the Company’s Board of Trustees to serve until the next annual meeting of shareholders. Ms. Aman, who will serve on the Company’s Audit Committee, qualifies as an independent trustee under the New York Stock Exchange’s listing standards and an audit committee financial expert as defined by the Securities and Exchange Commission. Ms. Aman, 41, has served as Executive Vice President, Chief Financial Officer and Treasurer of Brixmor Property Group (NYSE: BRX), since May 2016. In this role she is responsible for strategic planning, management of all accounting and financial func
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Equity Residential (NYSE:EQR) has been analyzed by 14 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 4 7 0 0 Last 30D 1 0 0 0 0 1M Ago 1 1 0 0 0 2M Ago 0 1 2 0 0 3M Ago 1 2 5 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $71.5, with a high estimate of $82.00 and a low estimate of $64.00. This upward trend is evident, with the c
UBS analyst Brent Dilts maintains Equity Residential (NYSE:EQR) with a Buy and raises the price target from $75 to $82.
Foreign investment in U.S. homes has dropped to its lowest in 15 years, as per a fresh report by the National Association of Realtors. Low supply and high prices have scared many foreign investors away from U.S. real estate, marking the seventh consecutive yearly drop in sales for this cohort. The U.S. Home Market Slump: Unusually high inflation has pushed mortgage rates up, forcing many homeowners to stay in their current homes, bringing the supply of houses down significantly. In this context, people who might have been looking for a new home are incentivized to stick to their low mortgage rates instead of selling their home in exchange for a more expensive mortgage. The fall h
President Biden will unveil a new proposal in Nevada on Tuesday to cap rental costs nationwide, according to three people familiar with the matter, as he works to assuage Democratic concerns about the viability of his candidacy while the Republican convention gets underway.Biden's plan — which would need to be approved by Congress — calls for stripping a tax benefit from landlords who increase their tenants' rent more than 5 percent per year, the people said. The measure would only apply to landlords who own more than 50 units, which represents roughly half of all rental properties, the people said. It wouldn't cover units that have not yet been built, in an attempt to ensure that the policy
During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the real estate sector. Camden Property Trust (NYSE:CPT) Dividend Yield: 3.83% Truist Securities analyst Micha
Piper Sandler analyst Alexander Goldfarb upgrades Equity Residential (NYSE:EQR) from Neutral to Overweight and raises the price target from $70 to $80.
Truist Securities analyst Michael Lewis maintains Equity Residential (NYSE:EQR) with a Buy and raises the price target from $67 to $73.
Providing a diverse range of perspectives from bullish to bearish, 13 analysts have published ratings on Equity Residential (NYSE:EQR) in the last three months. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 3 8 0 0 Last 30D 0 0 1 0 0 1M Ago 0 1 1 0 0 2M Ago 1 2 5 0 0 3M Ago 1 0 1 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $68.85, a high estimate of $75.00, and a low estimate of $62.00. Surpassing the
JP Morgan analyst Anthony Paolone maintains Equity Residential (NYSE:EQR) with a Neutral and raises the price target from $66 to $68.
Equity Residential's (NYSE:EQR) short percent of float has fallen 15.54% since its last report. The company recently reported that it has 4.53 million shares sold short, which is 1.63% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.81 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short int