Summary
74.37 -1.03(-1.37%)09/06/2024
Equity Residential Properties Trust (EQR)
Equity Residential Properties Trust (EQR)
Key Facts
| 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 5 Years | All Time |
| -1.35 | -0.72 | 4.13 | 13.95 | 18.83 | 18.22 | -0.05 | 2,446.92 |
Last 730 data points are shown. To view all data, Upgrade to PRO plan with only $1
| Trading Data | ||
| Close | 74.37 | |
| Open | 75.12 | |
| High | 75.12 | |
| Low | 73.76 | |
| Volume | 1,711,299 | |
| Change | -1.02 | |
| Change % | -1.35 | |
| Avg Volume (20 Days) | 1,167,497 | |
| Volume/Avg Volume (20 Days) Ratio | 1.47 | |
| 52 Week Range | 52.57 - 76.75 | |
| Price vs 52 Week High | -3.10% | |
| Price vs 52 Week Low | 41.47% | |
| Range | -1.00 | |
| Gap Up/Down | -1.16 | |
Fundamentals | ||
| Market Capitalization (Mln) | 28,185 | |
| EBIDTA | 1,789,629,056 | |
| PE Ratio | 28.5470 | |
| PEG Ratio | 6.3540 | |
| WallStreet Target Price | 67.21 | |
| Book Value | 29.1620 | |
| Earnings Per Share | 2.3400 | |
| EPS Estimate Current Quarter | 0.3300 | |
| EPS Estimate Next Quarter | 0.3900 | |
| EPS Estimate Current Year | 1.7700 | |
| EPS Estimate Next Year | 1.6600 | |
| Diluted EPS (TTM) | 2.3400 | |
| Revenues | ||
| Profit Marging | 0.3170 | |
| Operating Marging (TTM) | 0.2879 | |
| Return on asset (TTM) | 0.0279 | |
| Return on equity (TTM) | 0.0820 | |
| Revenue TTM | 2,899,694,080 | |
| Revenue per share TTM | 7.6530 | |
| Quarterly Revenue Growth (YOY) | 0.0360 | |
| Quarterly Earnings Growth (YOY) | 0.3790 | |
| Gross Profit (TTM) | 1,752,599,000 | |
| Dividends | ||
| Dividend Share | 2.6630 | |
| Dividend Yield | 0.0404 | |
| Valuations | ||
| Trailing PE | 28.5470 | |
| Forward PE | 41.6667 | |
| Price Sales (TTM) | 0.0000 | |
| Price Book (MRQ) | 2.1193 | |
| Revenue Enterprise Value | 10.8224 | |
| EBITDA Enterprise Value | 15.2014 | |
| Shares | ||
| Shares Outstanding | 378,972,000 | |
| Shares Float | 376,171,396 | |
| Shares Short | 0 | |
| Shares Short (Prior Month) | 0 | |
| Shares Ratio | 0.00 | |
| Short Outstanding (%) | 0.00 | |
| Short Float (%) | 0.02 | |
| Insider (%) | 0.51 | |
| Institutions (%) | 94.75 | |
09/08 09:00 EST - seekingalpha.com
The September Swoon
U.S. equity markets posted their worst week since March 2023 while benchmark interest rates tumbled to eighteen-month lows after employment data indicated a further cooling in economic momentum. Among several disappointing reports, BLS Nonfarm Payrolls data showed that the U.S. economy added just 142k jobs in August, while prior months were again revised sharply lower. Snapping a four-week winning streak that lifted the major benchmark to the cusp of record highs, the S&P 500 tumbled 4.1% this week. Technology stocks dragged on the downside.
The September Swoon
U.S. equity markets posted their worst week since March 2023 while benchmark interest rates tumbled to eighteen-month lows after employment data indicated a further cooling in economic momentum. Among several disappointing reports, BLS Nonfarm Payrolls data showed that the U.S. economy added just 142k jobs in August, while prior months were again revised sharply lower. Snapping a four-week winning streak that lifted the major benchmark to the cusp of record highs, the S&P 500 tumbled 4.1% this week. Technology stocks dragged on the downside.
09/05 08:31 EST - marketbeat.com
As Home Prices Hit Highs, These Apartment REITs Offer Growth
Investors might wonder whether the real estate sector will see a demand boon soon. Leaning on the promise of a Federal Reserve interest rate cut by the end of the year, most of the market is on the edge of their seats, and they are getting ready to pour into property.
As Home Prices Hit Highs, These Apartment REITs Offer Growth
Investors might wonder whether the real estate sector will see a demand boon soon. Leaning on the promise of a Federal Reserve interest rate cut by the end of the year, most of the market is on the edge of their seats, and they are getting ready to pour into property.
09/04 12:35 EST - zacks.com
Should You Retain Equity Residential in Your Portfolio Now?
EQR's strategy of targeting affluent renters and portfolio diversification are upsides. However, an elevated supply of rental units is a concern.
Should You Retain Equity Residential in Your Portfolio Now?
EQR's strategy of targeting affluent renters and portfolio diversification are upsides. However, an elevated supply of rental units is a concern.
09/03 10:00 EST - seekingalpha.com
Rates Down, REITs Up
Rates down, REITs up? Two years of persistent rate-driven pressure on residential and commercial real estate markets appears to finally be abating as the worst of pandemic-era inflationary pressures subside. Since the "pivot' in early July, the REIT Index has outpaced the S&P 500 by 10 percentage points. Despite this rebound, REITs still have 35 percentage points of "catch-up" to do. REITs aren't quite as "cheap" now as they were at the end of June, but that's not such a bad thing: premium equity valuations are the "fuel" for REITs' external growth.
Rates Down, REITs Up
Rates down, REITs up? Two years of persistent rate-driven pressure on residential and commercial real estate markets appears to finally be abating as the worst of pandemic-era inflationary pressures subside. Since the "pivot' in early July, the REIT Index has outpaced the S&P 500 by 10 percentage points. Despite this rebound, REITs still have 35 percentage points of "catch-up" to do. REITs aren't quite as "cheap" now as they were at the end of June, but that's not such a bad thing: premium equity valuations are the "fuel" for REITs' external growth.
09/02 08:15 EST - seekingalpha.com
2 REITs To Buy Before Rate Cuts
REITs are surging in value. Interest rates are likely headed to lower levels. Here are 2 REITs that should greatly benefit.
2 REITs To Buy Before Rate Cuts
REITs are surging in value. Interest rates are likely headed to lower levels. Here are 2 REITs that should greatly benefit.
09/01 09:00 EST - seekingalpha.com
A Summer To Remember
U.S. equity markets climbed to record-highs while benchmark interest rates rebounded from eight-month lows on a relatively quiet end-of-summer week as investors parsed a 'Goldilocks' slate of economic data. PCE data showed modest inflationary pressures in July - keeping the Fed on course for multiple rate cuts by year-end - while consumer spending and consumer confidence data topped estimates. Posting gains for a fourth week following a three-week skid in late July, the S&P 500 gained another 0.3% this week. The Dow Jones finished the week at all-time record-highs.
A Summer To Remember
U.S. equity markets climbed to record-highs while benchmark interest rates rebounded from eight-month lows on a relatively quiet end-of-summer week as investors parsed a 'Goldilocks' slate of economic data. PCE data showed modest inflationary pressures in July - keeping the Fed on course for multiple rate cuts by year-end - while consumer spending and consumer confidence data topped estimates. Posting gains for a fourth week following a three-week skid in late July, the S&P 500 gained another 0.3% this week. The Dow Jones finished the week at all-time record-highs.
08/24 03:52 EST - seekingalpha.com
Equity Residential: Good Quality But Pricey
Equity Residential focuses on niche markets in highly dynamic and desirable cities with high home price to income ratios. The company benefits from renters staying due to financial incentives to rent over buying, but faces potential challenges with renter fatigue. Despite high occupancy rates and historical dividend growth, the company's premium valuation may deter some investors, especially in uncertain economic times.
Equity Residential: Good Quality But Pricey
Equity Residential focuses on niche markets in highly dynamic and desirable cities with high home price to income ratios. The company benefits from renters staying due to financial incentives to rent over buying, but faces potential challenges with renter fatigue. Despite high occupancy rates and historical dividend growth, the company's premium valuation may deter some investors, especially in uncertain economic times.
08/20 07:00 EST - seekingalpha.com
10 REITs With The Best Risk Ratings
REITs have rallied strongly recently, with a 7.93% increase in the past 3 months. Recent economic data suggests rate cuts have changed sentiment towards the real estate sector rapidly. Blue chip REITs still offer upside potential, with UDR, Rexford, and Invitation Homes standing out as potential best values.
10 REITs With The Best Risk Ratings
REITs have rallied strongly recently, with a 7.93% increase in the past 3 months. Recent economic data suggests rate cuts have changed sentiment towards the real estate sector rapidly. Blue chip REITs still offer upside potential, with UDR, Rexford, and Invitation Homes standing out as potential best values.
08/18 09:00 EST - seekingalpha.com
Chasing Goldilocks
U.S. equity markets rallied while benchmark interest rates remained near the lows of the year after a critical slate of inflation data showed further encouraging signs of cooling price pressures. The Consumer Price Index posted a downside surprise for a fourth straight month, underscored by a "2-Handle" on Headline CPI, which follows a period of historically high inflation from 2021 to 2023. Sparking a renewed "Goldilocks" narrative, Retail Sales data was notably stronger than expected in July - posting its strongest monthly increase in 18 months - while Jobless Claims also moderated.
Chasing Goldilocks
U.S. equity markets rallied while benchmark interest rates remained near the lows of the year after a critical slate of inflation data showed further encouraging signs of cooling price pressures. The Consumer Price Index posted a downside surprise for a fourth straight month, underscored by a "2-Handle" on Headline CPI, which follows a period of historically high inflation from 2021 to 2023. Sparking a renewed "Goldilocks" narrative, Retail Sales data was notably stronger than expected in July - posting its strongest monthly increase in 18 months - while Jobless Claims also moderated.
08/16 13:31 EST - zacks.com
Equity Residential (EQR) Up 16.5% YTD: Will It Rise Further?
Equity Residential (EQR) is experiencing higher demand for its rental apartments, aiding in higher occupancy and rising rental rates.
Equity Residential (EQR) Up 16.5% YTD: Will It Rise Further?
Equity Residential (EQR) is experiencing higher demand for its rental apartments, aiding in higher occupancy and rising rental rates.
08/15 09:00 EST - investorplace.com
3 Rental REITs to Buy to Ride the Renter Surge
Fortune.com recently reported that renter households in the US rose by 1.9% in the second quarter, 3x the increase of homeowner households. It is the third consecutive quarter where this happened, suggesting that rental REITs to buy could be a wise investment in the year's second half.
3 Rental REITs to Buy to Ride the Renter Surge
Fortune.com recently reported that renter households in the US rose by 1.9% in the second quarter, 3x the increase of homeowner households. It is the third consecutive quarter where this happened, suggesting that rental REITs to buy could be a wise investment in the year's second half.
08/14 14:25 EST - seekingalpha.com
Massive Apartment Deals Demonstrate Value Of Apartment REITs
Equity Residential bought 11 apartments with 3572 units from Blackstone for $964 million, expanding its presence in Dallas, Denver, and Atlanta. Public apartment REITs are trading below asset value, with substantial differences in pricing based on location and quality of properties. Multifamily REITs like BSRTF, NXRT, CSR, and CPT are considered the most compelling investments in the sector, but caution is advised due to potential economic downturn.
Massive Apartment Deals Demonstrate Value Of Apartment REITs
Equity Residential bought 11 apartments with 3572 units from Blackstone for $964 million, expanding its presence in Dallas, Denver, and Atlanta. Public apartment REITs are trading below asset value, with substantial differences in pricing based on location and quality of properties. Multifamily REITs like BSRTF, NXRT, CSR, and CPT are considered the most compelling investments in the sector, but caution is advised due to potential economic downturn.
08/11 09:00 EST - seekingalpha.com
The Return Of Volatility
In a highly volatile week across global financial markets, U.S. equity markets ultimately finished the week little-changed, while benchmark interest rates rebounded from the lowest levels of the year. Following a historic surge in volatility, stabilization in Asian and European markets, decent jobless claims data, and clarity on the domestic Presidential matchup helped to ease market jitters. Narrowly avoiding a fourth-straight week of losses, the S&P 500 finished flat - staging a late-week rebound after sharp declines early in the week. The Nasdaq remained in "correction territory."
The Return Of Volatility
In a highly volatile week across global financial markets, U.S. equity markets ultimately finished the week little-changed, while benchmark interest rates rebounded from the lowest levels of the year. Following a historic surge in volatility, stabilization in Asian and European markets, decent jobless claims data, and clarity on the domestic Presidential matchup helped to ease market jitters. Narrowly avoiding a fourth-straight week of losses, the S&P 500 finished flat - staging a late-week rebound after sharp declines early in the week. The Nasdaq remained in "correction territory."
08/08 13:40 EST - zacks.com
Equity Residential (EQR) to Buy $1B Assets From Blackstone
Equity Residential (EQR) is set to buy properties from Blackstone worth $1 billion in its expansion markets.
Equity Residential (EQR) to Buy $1B Assets From Blackstone
Equity Residential (EQR) is set to buy properties from Blackstone worth $1 billion in its expansion markets.
08/07 15:41 EST - investopedia.com
Equity Residential Buys 11 Apartment Properties From Blackstone for Almost $1B
Shares of Equity Residential (EQR) fell Wednesday after the real estate investment trust (REIT) announced it had agreed to purchase 11 apartment properties from Blackstone's (BX) real estate unit in separate deals valued at approximately $964 million.
Equity Residential Buys 11 Apartment Properties From Blackstone for Almost $1B
Shares of Equity Residential (EQR) fell Wednesday after the real estate investment trust (REIT) announced it had agreed to purchase 11 apartment properties from Blackstone's (BX) real estate unit in separate deals valued at approximately $964 million.
08/04 09:00 EST - seekingalpha.com
Behind The Curve
U.S. equity markets tumbled in a volatile week, while benchmark interest rates plunged by the most since December 2008 after employment data showed decisive evidence of weakening labor market conditions. Volatility was amplified by a confluence of central bank policy decisions, a hit-and-miss slate of corporate earnings results, an intensification of geopolitical risks, and a re-pricing of domestic political expectations. Among several weak employment reports, the critical nonfarm payrolls report showed that the unemployment rate jumped to the highest level since 2021 in July, and the report was even weaker under-the-surface.
Behind The Curve
U.S. equity markets tumbled in a volatile week, while benchmark interest rates plunged by the most since December 2008 after employment data showed decisive evidence of weakening labor market conditions. Volatility was amplified by a confluence of central bank policy decisions, a hit-and-miss slate of corporate earnings results, an intensification of geopolitical risks, and a re-pricing of domestic political expectations. Among several weak employment reports, the critical nonfarm payrolls report showed that the unemployment rate jumped to the highest level since 2021 in July, and the report was even weaker under-the-surface.
08/02 23:32 EST - seekingalpha.com
The 'X' Factor For Public REITs
The next cycle for public REITs could be more similar to those of the 1990s and early 2000s than one of the past 14 years. In prior cycles, public REITs enjoyed a cost of capital that allowed for significant external growth, boosting cash flow and dividends per share. Many companies spent the past cycle shoring up their balance sheets to record low leverage and maintaining a low dividend payout to enhance flexibility.
The 'X' Factor For Public REITs
The next cycle for public REITs could be more similar to those of the 1990s and early 2000s than one of the past 14 years. In prior cycles, public REITs enjoyed a cost of capital that allowed for significant external growth, boosting cash flow and dividends per share. Many companies spent the past cycle shoring up their balance sheets to record low leverage and maintaining a low dividend payout to enhance flexibility.
08/02 13:46 EST - zacks.com
Here is Why Growth Investors Should Buy Equity Residential (EQR) Now
Equity Residential (EQR) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Here is Why Growth Investors Should Buy Equity Residential (EQR) Now
Equity Residential (EQR) is well positioned to outperform the market, as it exhibits above-average growth in financials.
07/30 15:44 EST - seekingalpha.com
Equity Residential (EQR) Q2 2024 Earnings Call Transcript
Equity Residential (NYSE:EQR ) Q2 2024 Earnings Conference Call July 30, 2024 11:00 AM ET Company Participants Marty McKenna - Vice President, Investor Relations Mark Parrell - President & Chief Executive Officer Michael Manelis - Executive Vice President & Chief Operating Officer Robert Garechana - Executive Vice President & Chief Financial Officer Alexander Brackenridge - Executive Vice President and Chief Investment Officer Conference Call Participants Eric Wolfe - Citi Steve Sakwa - Evercore ISI Adam Kramer - Morgan Stanley Josh Dennerlein - Bank of America Anthony Paolone - JPMorgan Michael Goldsmith - UBS Nicholas Yulico - Scotiabank John Kim - BMO Capital Markets James Feldman - Wells Fargo Haendel St. Juste - Mizuho Alexander Goldfarb - Piper Sandler Operator Good day, and welcome to the Equity Residential Second Quarter 2024 Earnings Conference Call and Webcast. Today's conference is being recorded.
Equity Residential (EQR) Q2 2024 Earnings Call Transcript
Equity Residential (NYSE:EQR ) Q2 2024 Earnings Conference Call July 30, 2024 11:00 AM ET Company Participants Marty McKenna - Vice President, Investor Relations Mark Parrell - President & Chief Executive Officer Michael Manelis - Executive Vice President & Chief Operating Officer Robert Garechana - Executive Vice President & Chief Financial Officer Alexander Brackenridge - Executive Vice President and Chief Investment Officer Conference Call Participants Eric Wolfe - Citi Steve Sakwa - Evercore ISI Adam Kramer - Morgan Stanley Josh Dennerlein - Bank of America Anthony Paolone - JPMorgan Michael Goldsmith - UBS Nicholas Yulico - Scotiabank John Kim - BMO Capital Markets James Feldman - Wells Fargo Haendel St. Juste - Mizuho Alexander Goldfarb - Piper Sandler Operator Good day, and welcome to the Equity Residential Second Quarter 2024 Earnings Conference Call and Webcast. Today's conference is being recorded.
07/30 10:11 EST - zacks.com
Equity Residential (EQR) Q2 FFO Beats Estimates, '24 View Raised
Equity Residential's (EQR) Q2 FFO tops estimates. Results reflect strong demand and expense efficiency.
Equity Residential (EQR) Q2 FFO Beats Estimates, '24 View Raised
Equity Residential's (EQR) Q2 FFO tops estimates. Results reflect strong demand and expense efficiency.