Equity Residential

Company Profile

Equity Residential had its IPO on 1993-08-11 under the ticker symbol EQR.

The company operates in the Real Estate sector and REIT-Residential industry. Equity Residential has a staff strength of 2,400 employees.

Stock update

Shares of Equity Residential opened at $62.52 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $62.09 - $63.26, and closed at $63.14.

This is a +0.89% increase from the previous day's closing price.

A total volume of 1,101,044 shares were traded at the close of the day’s session.

In the last one week, shares of Equity Residential have slipped by -1.34%.

Equity Residential's Key Ratios

Equity Residential has a market cap of $24.03 billion, indicating a price to book ratio of 2.1949 and a price to sales ratio of 9.1768.

In the last 12-months Equity Residential’s revenue was $2.79 billion with a gross profit of $1.75 billion and an EBITDA of $1.73 billion. The EBITDA ratio measures Equity Residential's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Equity Residential’s operating margin was 30.83% while its return on assets stood at 2.62% with a return of equity of 8.22%.

In Q1, Equity Residential’s quarterly earnings growth was a positive 200.6% while revenue growth was a positive 7.9%.

Equity Residential’s PE and PEG Ratio

Forward PE

36.7647

Trailing PE

26.2025

PEG

1.282

Its diluted EPS in the last 12-months stands at $2.42 per share while it has a forward price to earnings multiple of 36.7647 and a PEG multiple of 1.282. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Equity Residential’s profitability.

Equity Residential stock is trading at a EV to sales ratio of 11.9229 and a EV to EBITDA ratio of 13.3365. Its price to sales ratio in the trailing 12-months stood at 9.1768.

Equity Residential stock pays annual dividends of $2.538 per share, indicating a yield of 4.3% and a payout ratio of 104.42%.

Balance sheet and cash flow metrics

Total Assets

$20.10 billion

Total Liabilities

$453.43 million

Operating Cash Flow

$43.72 million

Capital Expenditure

$16.79 million

Dividend Payout Ratio

104.42%

Equity Residential ended 2024 with $20.10 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $20.10 billion while shareholder equity stood at $11.14 billion.

Equity Residential ended 2024 with $0 in deferred long-term liabilities, $453.43 million in other current liabilities, 3789000.00 in common stock, $1.62 billion in retained earnings and $0 in goodwill. Its cash balance stood at $133.46 million and cash and short-term investments were $133.46 million. The company’s total short-term debt was $2,283,097,000 while long-term debt stood at $7.31 billion.

Equity Residential’s total current assets stands at $219.09 million while long-term investments were $292.28 million and short-term investments were $292.28 million. Its net receivables were $0 compared to accounts payable of $144.66 million and inventory worth $0.

In 2024, Equity Residential's operating cash flow was $43.72 million while its capital expenditure stood at $16.79 million.

Comparatively, Equity Residential paid $1.04 in dividends in 2024.

Other key metrics

Current Trading Price

$63.14

52-Week High

$78.3709

52-Week Low

$54.5895

Analyst Target Price

$67.78

Equity Residential stock is currently trading at $63.14 per share. It touched a 52-week high of $78.3709 and a 52-week low of $78.3709. Analysts tracking the stock have a 12-month average target price of $67.78.

Its 50-day moving average was $65.59 and 200-day moving average was $62 The short ratio stood at 3.43 indicating a short percent outstanding of 0%.

Around 171.1% of the company’s stock are held by insiders while 9330.6% are held by institutions.