8-May-2024
Seeking Alpha News (Sat, 4-May 12:00 PM ET)
Equity Residential Reports First Quarter 2024 Results
Business Wire (Tue, 23-Apr 4:15 PM ET)
Equity Residential Announces First Quarter 2024 Earnings Release Date
Business Wire (Tue, 2-Apr 4:30 PM ET)
Equity Residential Appoints Ann C. Hoff and Nina P. Jones to Board of Trustees
Business Wire (Tue, 19-Mar 4:15 PM ET)
Equity Residential Declares First Quarter Dividends
Business Wire (Thu, 14-Mar 4:15 PM ET)
Equity Residential to Participate in 2024 Citi Global Property CEO Conference
Business Wire (Thu, 29-Feb 4:15 PM ET)
Equity Residential owns a portfolio of 302 apartment communities with around 80,000 units and is developing two additional properties with 537 units. The company focuses on owning large, high-quality properties in the urban and suburban submarkets of Southern California, San Francisco, Washington, D.C., New York, Seattle, and Boston.
Equity Residential Common Shares Of Beneficial Interest trades on the NYSE stock market under the symbol EQR.
As of May 8, 2024, EQR stock price declined to $66.10 with 1,501,354 million shares trading.
EQR has a beta of 0.84, meaning it tends to be less sensitive to market movements. EQR has a correlation of 0.24 to the broad based SPY ETF.
EQR has a market cap of $25.05 billion. This is considered a Large Cap stock.
Last quarter Equity Residential Common Shares Of Beneficial Interest reported $731 million in Revenue and $.93 earnings per share. This beat revenue expectation by $988,000 and exceeded earnings estimates by $.02.
In the last 3 years, EQR stock traded as high as $94.32 and as low as $52.57.
The top ETF exchange traded funds that EQR belongs to (by Net Assets): VNQ, VTI, VOO, VO, SPY.
EQR stock has underperformed the market in the last year with a return of +8.5%, while SPY returned +27.0%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in EQR shares. However, EQR has outperformed the market in the last 3 month and 2 week periods, returning +13.5% and +4.8%, while SPY returned +4.2% and +2.3%, respectively. This indicates EQR has been having a stronger performance recently.
EQR support price is $65.75 and resistance is $67.65 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EQR stock will trade within this expected range on the day.