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

Equity Residential (NYSE:EQR) declared a quarterly dividend on Thursday, March 19th. Investors of record on Monday, March 30th will be given a dividend of 0.7025 per share by the real estate investment trust on Friday, April 10th. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Monday, March 30th. This is a 1.4% increase from Equity Residential’s previous quarterly dividend of $0.69.

Equity Residential has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Equity Residential has a dividend payout ratio of 205.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Equity Residential to earn $4.21 per share next year, which means the company should continue to be able to cover its $2.77 annual dividend with an expected future payout ratio of 65.8%.

Equity Residential Price Performance

Shares of EQR stock opened at $59.33 on Friday. The stock has a 50-day moving average price of $62.18 and a 200 day moving average price of $62.29. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.73. The firm has a market cap of $22.40 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 4.52 and a beta of 0.75. Equity Residential has a 12 month low of $58.38 and a 12 month high of $72.64.

Equity Residential (NYSE:EQR) last released its earnings results on Thursday, February 5th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.01). Equity Residential had a net margin of 36.20% and a return on equity of 9.98%. The business had revenue of $781.91 million for the quarter, compared to analyst estimates of $786.35 million. During the same quarter in the previous year, the company posted $1.00 earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. Equity Residential has set its Q1 2026 guidance at 0.940-0.980 EPS and its FY 2026 guidance at 4.020-4.140 EPS. Research analysts expect that Equity Residential will post 3.98 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equity Residential in a report on Thursday, January 22nd. Barclays decreased their price objective on Equity Residential from $78.00 to $75.00 and set an “overweight” rating for the company in a research note on Friday, March 6th. UBS Group upped their price objective on Equity Residential from $68.00 to $71.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Argus set a $70.00 target price on Equity Residential in a research note on Thursday, March 12th. Finally, Evercore boosted their target price on Equity Residential from $69.00 to $70.00 in a research report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $69.63.

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.