Equity Residential (NYSE:EQR) Plans Quarterly Dividend of $0.70

Equity Residential (NYSE:EQR) declared a quarterly dividend on Thursday, June 18th. Shareholders 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 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%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Equity Residential has a payout ratio of 208.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 Down 1.0%

EQR stock opened at $64.00 on Friday. The stock has a 50-day simple moving average of $64.86 and a two-hundred day simple moving average of $62.79. Equity Residential has a twelve month low of $57.57 and a twelve month high of $69.87. The firm has a market capitalization of $23.98 billion, a PE ratio of 25.60, a PEG ratio of 5.13 and a beta of 0.75. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.77.

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

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.