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

Equity Residential (NYSE:EQR) declared a quarterly dividend on Thursday, June 18th. Investors of record on Monday, June 29th will be given 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 is Monday, June 29th.

Equity Residential has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 4 years. Equity Residential has a dividend payout ratio of 208.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Trading Down 1.0%

Shares of EQR stock opened at $64.00 on Friday. Equity Residential has a 1 year low of $57.57 and a 1 year high of $69.87. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.18 and a quick ratio of 0.18. The stock’s 50 day simple moving average is $64.86 and its two-hundred day simple moving average is $62.79. The company has a market cap of $23.98 billion, a PE ratio of 25.60, a price-to-earnings-growth ratio of 5.13 and a beta of 0.75.

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

Hedge Funds Weigh In On Equity Residential

A number of hedge funds and other institutional investors have recently modified their holdings of EQR. Fulcrum Asset Management LLP bought a new stake in Equity Residential during the 3rd quarter valued at $27,000. Rosenberg Matthew Hamilton grew its stake in shares of Equity Residential by 69.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 440 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 180 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Equity Residential during the 3rd quarter valued at approximately $31,000. Zions Bancorporation National Association UT increased its position in shares of Equity Residential by 375.2% in the 4th quarter. Zions Bancorporation National Association UT now owns 480 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 379 shares during the period. Finally, DV Equities LLC acquired a new stake in Equity Residential during the 4th quarter worth about $30,000. 92.68% of the stock is currently owned by institutional investors.

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.