Q3 EPS Forecast for Equity Residential Decreased by Analyst

Equity Residential (NYSE:EQR) – Equities research analysts at Zacks Research reduced their Q3 2026 EPS estimates for Equity Residential in a research note issued to investors on Thursday, February 26th. Zacks Research analyst Team now anticipates that the real estate investment trust will post earnings per share of $1.03 for the quarter, down from their previous estimate of $1.05. The consensus estimate for Equity Residential’s current full-year earnings is $3.98 per share. Zacks Research also issued estimates for Equity Residential’s Q4 2026 earnings at $1.05 EPS, FY2026 earnings at $4.07 EPS, Q3 2027 earnings at $1.08 EPS and FY2028 earnings at $4.36 EPS.

Equity Residential (NYSE:EQR) last released its quarterly earnings results on Thursday, February 5th. The real estate investment trust reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.01). The firm had revenue of $781.91 million for the quarter, compared to the consensus estimate of $786.35 million. Equity Residential had a net margin of 36.20% and a return on equity of 9.98%. Equity Residential’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.00 earnings per share. 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.

A number of other analysts have also recently commented on the stock. Evercore upped their target price on shares of Equity Residential from $68.00 to $69.00 and gave the company an “outperform” rating in a report on Monday, February 9th. Wells Fargo & Company reduced their price objective on Equity Residential from $68.00 to $62.00 and set an “equal weight” rating for the company in a research note on Monday, November 10th. Barclays reaffirmed an “overweight” rating and issued a $78.00 price objective on shares of Equity Residential in a research note on Tuesday, January 13th. Truist Financial lowered their price objective on Equity Residential from $75.00 to $70.00 and set a “buy” rating on the stock in a research report on Monday, November 17th. Finally, Wall Street Zen lowered shares of Equity Residential from a “hold” rating to a “sell” rating in a report on Saturday. Six research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $69.78.

Equity Residential Trading Down 0.2%

Equity Residential stock opened at $63.11 on Monday. The business has a 50-day simple moving average of $62.54 and a two-hundred day simple moving average of $62.58. Equity Residential has a 52-week low of $58.38 and a 52-week high of $75.86. 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 company has a market cap of $23.83 billion, a P/E ratio of 21.54, a P/E/G ratio of 4.76 and a beta of 0.75.

Equity Residential Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 2nd were given a dividend of $0.6925 per share. The ex-dividend date was Friday, January 2nd. This represents a $2.77 dividend on an annualized basis and a yield of 4.4%. Equity Residential’s payout ratio is 94.54%.

Insider Buying and Selling

In other news, EVP Robert Garechana sold 3,637 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $65.13, for a total transaction of $236,877.81. Following the transaction, the executive vice president directly owned 18,740 shares in the company, valued at approximately $1,220,536.20. This trade represents a 16.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Catherine Carraway sold 656 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $65.13, for a total transaction of $42,725.28. Following the completion of the transaction, the executive vice president owned 18,339 shares of the company’s stock, valued at $1,194,419.07. This represents a 3.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 10,058 shares of company stock valued at $655,078. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Equity Residential

A number of institutional investors have recently bought and sold shares of EQR. Vanguard Group Inc. boosted its stake in shares of Equity Residential by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 57,597,658 shares of the real estate investment trust’s stock worth $3,728,296,000 after acquiring an additional 1,281,354 shares in the last quarter. Norges Bank purchased a new stake in shares of Equity Residential in the fourth quarter valued at approximately $2,201,674,000. State Street Corp increased its stake in shares of Equity Residential by 2.8% in the 3rd quarter. State Street Corp now owns 24,922,935 shares of the real estate investment trust’s stock worth $1,630,103,000 after acquiring an additional 688,854 shares during the last quarter. Geode Capital Management LLC raised its stake in Equity Residential by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 10,258,275 shares of the real estate investment trust’s stock worth $644,412,000 after purchasing an additional 114,604 shares during the period. Finally, First Eagle Investment Management LLC lifted its holdings in Equity Residential by 0.5% in the fourth quarter. First Eagle Investment Management LLC now owns 9,242,013 shares of the real estate investment trust’s stock valued at $582,617,000 after acquiring an additional 44,127 shares during the last quarter. 92.68% of the stock is owned by hedge funds and other institutional investors.

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.