Equity Residential (NYSE:EQR) Plans Dividend Increase – $0.70 Per Share

Equity Residential (NYSE:EQR) declared a quarterly dividend on Thursday, March 19th. Stockholders 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 dividend yield of 4.7%. The ex-dividend date is Monday, March 30th. This is a 1.4% increase from Equity Residential’s previous quarterly dividend of $0.69.

Equity Residential has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Equity Residential has a dividend payout ratio of 205.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 Stock Down 0.9%

NYSE:EQR opened at $59.33 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market cap of $22.40 billion, a PE ratio of 20.25, a PEG ratio of 4.52 and a beta of 0.75. Equity Residential has a 52-week low of $58.38 and a 52-week high of $72.64. The stock has a 50-day simple moving average of $62.18 and a 200 day simple moving average of $62.29.

Equity Residential (NYSE:EQR) last released its earnings results on Thursday, February 5th. The real estate investment trust reported $1.03 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.01). Equity Residential had a net margin of 36.20% and a return on equity of 9.98%. The firm had revenue of $781.91 million during the quarter, compared to the consensus estimate of $786.35 million. During the same quarter in the previous year, the firm posted $1.00 EPS. The company’s revenue 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. On average, sell-side analysts expect that Equity Residential will post 3.98 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.