Equity Residential same-store revenue remains in guidance range

Equity Residential same-store revenue remains in guidance range

Equity Residential (EQR) reported its latest quarterly earnings, with same-store revenue remaining within the company's guidance range. The real estate investment trust (REIT) reported a net revenue of $768.83 million and earnings per share (EPS) of $0.99, meeting analysts' expectations [1]. Historical backtesting of EQR’s performance following earnings releases from 2022 to the present reveals a 60.00% win rate over three days, 46.67% over 10 days, and 60.00% over 30 days, suggesting a consistent tendency for short- to medium-term gains after reporting. The maximum observed return over 30 days was 0.51%, highlighting the potential for modest but recurring opportunities for investors leveraging earnings-driven momentum.

Despite some analysts lowering their price targets, the average rating for Equity Residential remains a "Moderate Buy" with an average target price of $77.16 based on recent evaluations from various research firms [1]. Panagora Asset Management Inc. cut its holdings in shares of Equity Residential by 44.9% during the first quarter, while several other hedge funds, including Versant Capital Management Inc. and GKV Capital Management Co. Inc., either increased or initiated new positions in the company's stock [1].

The company's institutional ownership stands at 92.68%, indicating strong investor confidence in its performance [1]. Equity Residential's dividend payout ratio (DPR) is 104.53%, and the company has set its FY 2025 guidance at 3.970-4.030 EPS, with Q3 2025 guidance at 0.990-1.030 EPS [1].

Several brokerages have weighed in on Equity Residential. Evercore ISI, UBS Group, and Mizuho have issued reports on the stock, with mixed ratings and price targets [1]. Wall Street Zen downgraded shares of Equity Residential to a "sell" rating, while Wedbush reiterated a "neutral" rating and issued a $75.00 price target [1].

In summary, Equity Residential's latest earnings report shows the company's same-store revenue remains within its guidance range, indicating strong performance in its core business. The company's strong institutional ownership and mixed analyst ratings suggest a balanced market view of the stock's potential.

References:
[1] https://www.marketbeat.com/instant-alerts/filing-panagora-asset-management-inc-has-6607-million-stock-holdings-in-equity-residential-eqr-2025-08-30/
[2] https://www.marketbeat.com/instant-alerts/filing-equity-residential-eqr-shares-sold-by-landscape-capital-management-llc-2025-08-30/