Equity Residential (EQR) to Issue Quarterly Dividend of $0.70 on July 10th

Equity Residential (NYSE:EQR) announced 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) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Monday, June 29th.

Equity Residential has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 4 consecutive 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. Equities research 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 Stock Performance

Shares of Equity Residential stock opened at $68.48 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.18 and a current ratio of 0.18. The stock has a market capitalization of $25.66 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 5.33 and a beta of 0.75. The firm has a fifty day moving average of $65.47 and a two-hundred day moving average of $62.97. Equity Residential has a 52 week low of $57.57 and a 52 week high of $69.03.

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

Equity Residential Company Profile

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.