Chicago, Illinois-based Equity Residential (EQR) is a real estate investment trust (REIT). With a market cap of $26.3 billion, the company focuses on the acquisition, development, and management of residential properties located in and around cities.
Companies worth $10 billion or more are generally described as “large-cap” stocks, and Equity Residential fits this criterion perfectly. The REIT owns or has investments in 312 properties consisting of 84,648 apartment units. Its business also includes generating rental and other related income through the leasing of apartment units to residents.
Equity Residential’s shares have declined 12.4% from its 52-week high of $78.83. EQR stock has risen marginally over the past three months, outpacing the iShares Residential and Multisector Real Estate ETF’s (REZ) 3.3% decrease.
Longer term, shares of EQR have dipped 3.7% on a YTD basis, underperforming REZ’s nearly 1% gain over the same time frame. Moreover, EQR stock has risen 3.6% over the past 52 weeks, compared to REZ’s 7.9% return.
The stock has been trading below its 200-day moving average since early March.
EQR stock rose 1.1% following the release of its mixed Q1 2025 earnings on Apr. 29. Quarterly revenue rose 4.1% from the prior-year quarter to $760.8 million, though slightly below Wall Street estimates of $766.8 million. Its normalized FFO stood at $0.95 per share, increasing 2.2% from the year-ago period and beating expectations by the same margin. Same-store revenue growth of 2.2% also came in ahead of the consensus estimate. Looking ahead, Equity Residential expects full-year 2025 normalized FFO to range between $3.90 and $4 per share.
Moreover, compared to its rival, Invitation Homes Inc. (INVH) has surpassed EQR stock on a YTD basis, gaining 4.4%. But shares of INVH have fallen 6% over the past 52 weeks, lagging behind EQR stock.
Although EQR has underperformed on a YTD basis, analysts are moderately optimistic about its prospects. The stock has a consensus rating of “Moderate Buy” from the 26 analysts covering the stock. As of writing, the stock is trading below the mean price target of $76.79.
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. For more information please view the Barchart Disclosure Policy here.
