Latest news with #EQR
Yahoo
15-07-2025
- Business
- Yahoo
Earnings Preview: What To Expect From Equity Residential's Report
With a market cap of $25.5 billion, Equity Residential (EQR) is a leading real estate investment trust (REIT) specializing in high-quality apartment communities across premier U.S. urban markets. With a portfolio of over 84,000 units in cities like Boston, New York, and San Francisco, the company is also expanding its presence in Denver, Atlanta, and Austin. EQR is expected to release its fiscal Q2 2025 earnings results after the market closes on Monday, Aug. 4. Ahead of this event, analysts project the Chicago, Illinois-based company to report a normalized FFO of $0.99 per share, a growth of 2.1% from $0.97 per share in the year-ago quarter. It has met or surpassed Wall Street's bottom-line estimates in the last four quarterly reports. Palantir Just Launched Warp Speed for Warships. Does That Make PLTR Stock a Buy? This Analyst Just Doubled His Price Target on AMD Stock How High Can Nvidia Stock Go as Jensen Huang Heads to China? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. For fiscal 2025, analysts forecast the REIT to report an NFFO of $3.97 per share, up 2.1% from $3.89 per share in fiscal 2024. Moreover, NFFO is expected to grow 4.8% year-over-year to $4.16 per share in fiscal 2026. Equity Residential stock has declined 1.8% over the past 52 weeks, underperforming the broader S&P 500 Index's ($SPX) 11.5% gain and the Real Estate Select Sector SPDR Fund's (XLRE) nearly 4% return over the same time frame. Despite reporting weaker-than-expected Q1 2025 revenue of $760.8 million on Apr. 29, EQR shares rose 1.1% the next day due to normalized FFO of $0.95 per share, beating the estimate and marking a 2.2% year-over-year increase. Investors were also encouraged by solid operating metrics, including a 2.4% increase in average rental rates to $3,160 and a 96.5% same-store physical occupancy rate, 20 basis points higher year-over-year and 40 bps sequentially. Additionally, the company reaffirmed its 2025 full-year NFFO guidance of $3.90 per share - $4 per share and projected strong same-store revenue growth of 2.3% - 3.3%. Analysts' consensus view on Equity Residential stock is cautiously optimistic, with a "Moderate Buy" rating overall. Among 25 analysts covering the stock, 11 suggest a "Strong Buy," one gives a "Moderate Buy," and 13 recommend a "Hold." As of writing, the stock is trading below the average analyst price target of $76.78. On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Business Insider
12-07-2025
- Business
- Business Insider
RBC Capital Reaffirms Their Buy Rating on Equity Residential (EQR)
RBC Capital analyst Brad Heffern maintained a Buy rating on Equity Residential on July 10 and set a price target of $75.00. The company's shares closed yesterday at $66.79. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Heffern is ranked #1430 out of 9826 analysts. In addition to RBC Capital, Equity Residential also received a Buy from BMO Capital's John Kim in a report issued on July 7. However, on June 26, Wells Fargo maintained a Hold rating on Equity Residential (NYSE: EQR). EQR market cap is currently $25.28B and has a P/E ratio of 26.17. Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EQR in relation to earlier this year. Most recently, in May 2025, Catherine Carraway, the EVP & CHRO of EQR sold 1,007.00 shares for a total of $71,043.85.
Yahoo
03-07-2025
- Business
- Yahoo
Stifel Reiterates Buy Rating on Equity Residential (EQR)
Equity Residential (NYSE:EQR) is one of the most undervalued stocks. On June 5, Stifel maintained a Buy rating on EQR with a price target of $69.01. The analysts highlighted that Q2 fundamentals for most lodging REITs are tracking in line with, or modestly surpassing, initial expectations. The analysts noted a modest downward revision in RevPAR (revenue per available room) forecasts for 2025 and 2026 by STR. However, Q2 performance has been positively influenced by higher leisure travel, due in part to the Easter holiday shift, as well as continued strength in group demand. The company's robust financial health is also demonstrated by its 33-year history of dividend payouts. An exterior shot of a newly acquired apartment building, signifying the company's acquisition of large residential properties. It was additionally noted that weaker inbound international and government travel offset the growth in part. However, the analysts remained optimistic towards Equity Residential. Despite evolving market trends, Equity Residential (NYSE:EQR) exhibits strategic agility, bolstering analysts' confidence in its continued success and future prospects. Equity Residential (NYSE:EQR) focuses on the acquisition, development, and management of high-quality residential properties in urban centers for long-term renters. While we acknowledge the potential of EQR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure. None.
Yahoo
01-07-2025
- Business
- Yahoo
EQR's CIO Brackenridge to retire
This story was originally published on Multifamily Dive. To receive daily news and insights, subscribe to our free daily Multifamily Dive newsletter. Equity Residential announced that Executive Vice President and Chief Investment Officer Alexander Brackenridge will transition to executive vice president of investments and retire at the end of 2025, according to a news release. Executive Vice President and CFO Robert A. Garechana will assume the role of executive vice president and chief investment officer. Garechana, who joined in 2004, has served as its CFO and a member of its executive and investment committees since September 2018. 'Bob has proven himself to be a talented and dynamic leader and we look forward to him continuing to advance our capital allocation strategy alongside the rest of our experienced investments team,' Mark J. Parrell, EQR's president and CEO, said in the news release. Bret D. McLeod will join the Chicago-based REIT, the nation's fifth-largest apartment owner, in July as executive vice president of finance and assume the role of CFO on Aug. 7. McLeod currently serves as executive vice president and CFO of Great Wolf Resorts. Prior to Great Wolf, McLeod served as CFO for Citycon, a publicly listed owner of Nordic shopping centers, and spent nearly 15 years at Host Hotels & Resorts, serving most recently as senior vice president, treasurer, head of strategy and investor relations. 'Bret brings a wealth of skills and experiences from outside the residential space to our Company and we look forward to him leading our finance team and advancing transformational initiatives across the company,' Parrell said in the news release. Brackenridge joined the Chicago-based REIT in 1993 and has served as CIO since September 2020. 'I have been fortunate to call Alec a colleague and a friend for more than two decades,' Parrell said in the news release. 'We are tremendously grateful to him for his many contributions to Equity Residential's success and wish him the very best in his retirement.' EQR is making changes to its investment team as it sees an opportunity to add properties in its expansion Sun Belt markets. In May, the firm announced that it agreed to purchase eight properties, totaling 2,064 units, in Atlanta for $535 million. 'We think our best opportunity [versus buying back stock and developing] continues to be investing in existing assets in these primary acquisition markets of Dallas, Denver and Atlanta,' Parrell said on EQR's earnings call in late April. 'We're still interested in Austin, but there's such a glut of supply, it's probably a little bit later for us to complete our portfolio there.' EQR is the second major apartment REIT to announce a CFO hire in the past week. On July 23, UDR, the country's 15th-largest apartment owner, hired Dave Bragg as its new CFO. Bragg succeeds Joe Fisher, who was appointed chief investment officer in January in addition to his responsibilities as the REIT's president. Click here to sign up to receive multifamily and apartment news like this article in your inbox every weekday. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-06-2025
- Business
- Yahoo
EQR to purchase 8 apartment properties for $535M
This story was originally published on Multifamily Dive. To receive daily news and insights, subscribe to our free daily Multifamily Dive newsletter. Number of properties: 8 Buyer: Equity Residential Seller: Withheld Property type: Garden style Units: 2,064 Location: Atlanta Total purchase price: $535 million Equity Residential recently agreed to purchase eight properties, totaling 2,064 units, in Atlanta for $535 million, according to an investor update released by the Chicago-based REIT last week. 'These well-located suburban assets complement our existing Atlanta portfolio and will allow us to achieve scale and diversification in the market,' EQR said in the update. The REIT funded the purchase, which is expected to close this quarter, by selling older assets in its existing coastal markets. 'We would expect these assets to be accretive to normalized [funds from operations] per share beginning in year two of our ownership period due to favorable supply/demand characteristics expected in Atlanta, along with realization of various operating initiatives,' EQR said in the update. EQR, like Arlington, Virginia-based AvalonBay Communities, has been focused on selling older assets in its coastal markets and redeploying the capital in high-growth Sun Belt metros of Atlanta, Dallas and Austin, Texas. 'We think our best opportunity [versus buying back stock and developing] continues to be investing in existing assets in these primary acquisition markets of Dallas, Denver and Atlanta,' CEO Mark Parrell said on EQR's earnings call in late April. 'We're still interested in Austin, but there's such a glut of supply, it's probably a little bit later for us to complete our portfolio there.' In the first quarter, Atlanta, Dallas and Austin performed as expected 'given the challenging operating conditions' caused by new supply, EQR Chief Operating Officer Michael Manelis said on the REIT's earnings call in late April. 'Denver's overall demand felt a little weaker than we would have expected in the quarter, which resulted in less pricing power,' Manelis said. EQR expects $1.5 billion of acquisitions and $1 billion of dispositions in 2025. 'When we gave guidance, we expected to transact very little in the first quarter, and that was the case,' Parrell said. Click here to sign up to receive multifamily and apartment news like this article in your inbox every weekday.
