Equity Residential (EQR)Real Estate | REIT - Residential | Chicago, United States |
USD
|
Hot Take ↕ | Aug. 22, 2026, 5:46 a.m. UTC
Equity Residential presents a classic value trap scenario where a high dividend yield masks deteriorating business fundamentals. The payout ratio of 121% is a critical red flag, indicating the company is distributing more cash than it earns, likely burning through reserves to maintain the 4.26% yield. This is compounded by a trailing twelve-month earnings contraction of nearly 40% and a forward P/E of 41x, which implies analysts expect earnings to remain suppressed or decline further. While the stock trades at a discount to its 200-day average, the recent price action shows weakness, closing near session lows. The options market confirms this pessimism, with traders buying deep out-of-the-money puts as insurance against a continued slide. Despite the attractive headline yield, the unsustainable payout structure and collapsing earnings growth make this a poor investment for both short-term capital appreciation and long-term income stability. |
| Attribute | Value |
|---|---|
| Sector | Real Estate |
| Ex Dividend Date | 2026-06-29 |
| Last Dividend Date | 2026-06-29 |
| Debt to Equity Ratio | 78.679 |
| Revenue per Share | 8.292 |
| Market Cap | 24,609,972,224 |
| Trailing P/E | 28.68 |
| Forward P/E | 41.36 |
| Beta | 0.75 |
| Profit Margins | 27.97% |
| Website | https://www.equityapartments.com |
As of Aug. 22, 2026, 5:46 a.m. UTC: Speculators are heavily positioned for downside protection, with massive open interest in out-of-the-money puts (strikes 45-60) expiring late in the year, suggesting a fear of significant price drops. Conversely, call activity is sparse and concentrated near the money, indicating a lack of aggressive bullish sentiment.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.012717128 |
| Address1 | Two North Riverside Plaza |
| Address2 | Suite 400 |
| All Time High | 94.32 |
| All Time Low | 12.438 |
| Ask | 0.0 |
| Ask Size | 90,000 |
| Audit Risk | 3 |
| Average Daily Volume10 Day | 4,012,294 |
| Average Volume | 3,233,304 |
| Average Volume10Days | 4,012,294 |
| Beta | 0.749 |
| Bid | 0.0 |
| Bid Size | 70,000 |
| Board Risk | 8 |
| Book Value | 28.002 |
| City | Chicago |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 5 |
| Country | United States |
| Currency | USD |
| Current Price | 63.66 |
| Current Ratio | 0.127 |
| Date Short Interest | 1,785,456,000 |
| Day High | 66.1 |
| Day Low | 63.3 |
| Debt To Equity | 78.679 |
| Dividend Rate | 2.81 |
| Dividend Yield | 0.042600002 |
| Earnings Growth | -0.399 |
| Earnings Quarterly Growth | -0.407 |
| Ebitda | 1,890,653,056 |
| Ebitda Margins | 0.60419 |
| Enterprise To Ebitda | 17.342 |
| Enterprise To Revenue | 10.478 |
| Enterprise Value | 32,786,810,880 |
| Ex Dividend Date | 1,782,691,200 |
| Exchange | NYQ |
| Exchange Timezone Name | UTC |
| Fax | 312 454 8703 |
| Fifty Day Average | 67.0928 |
| Fifty Two Week High | 71.5 |
| Fifty Two Week Low | 57.57 |
| Financial Currency | USD |
| First Trade Date Epoch Utc | 1,784,295,000 |
| Five Year Avg Dividend Yield | 3.85 |
| Float Shares | 336,298,889 |
| Forward Eps | 1.54921 |
| Forward P E | 41.35888 |
| Free Cashflow | 1,423,153,408 |
| Full Time Employees | 2,400 |
| Fullday Change | -2.31 |
| Fullday Change Percent | -0.0350159 |
| Fullday Price | 63.66 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,785,542,400 |
| Gross Margins | 0.62336 |
| Gross Profits | 1,950,640,000 |
| Held Percent Insiders | 0.00287 |
| Held Percent Institutions | 0.48609 |
| Implied Shares Outstanding | 386,584,538 |
| Industry | REIT - Residential |
| Industry Disp | REIT - Residential |
| Industry Key | reit-residential |
| Last Dividend Date | 1,782,691,200 |
| Last Dividend Value | 0.7025 |
| Last Fiscal Year End | 1,767,139,200 |
| Last Split Date | 1,002,844,800 |
| Last Split Factor | 2:1 |
| Long Business Summary | Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, owns and manages 312 rental properties consisting of 85,520 apartment units in dynamic metro areas across the U.S. with a primary concentration in major coastal markets, diversified by a targeted presence in the high-growth metro areas of Atlanta, Austin, Dallas/Ft. Worth and Denver. Equity Residential was incorporated in 1993 and is based in Chicago, United States. |
| Long Name | Equity Residential |
| Market Cap | 24,609,972,224 |
| Max Age | 86,400 |
| Message Board Id | finmb_28209 |
| Most Recent Quarter | 1,782,777,600 |
| Net Income To Common | 873,932,992 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 23,868,961,076 |
| Number Of Analyst Opinions | 17 |
| Open | 65.96 |
| Operating Cashflow | 1,566,091,008 |
| Operating Margins | 0.27879998 |
| Overall Risk | 8 |
| Payout Ratio | 1.2133 |
| Peg Ratio | 16.1 |
| Phone | 312 474 1300 |
| Previous Close | 65.97 |
| Price Hint | 2 |
| Price To Book | 2.273409 |
| Price To Sales Trailing12 Months | 7.8645782 |
| Profit Margins | 0.27974 |
| Quick Ratio | 0.032 |
| Quote Type | EQUITY |
| Recommendation Key | buy |
| Recommendation Mean | 2.31579 |
| Regular Market Day High | 66.1 |
| Regular Market Day Low | 63.3 |
| Regular Market Open | 65.96 |
| Regular Market Previous Close | 65.97 |
| Regular Market Volume | 7,449,691 |
| Return On Assets | 0.026689999 |
| Return On Equity | 0.080240004 |
| Revenue Growth | 0.021 |
| Revenue Per Share | 8.292 |
| Sand P52 Week Change | 0.20504117 |
| Sector | Real Estate |
| Sector Disp | Real Estate |
| Sector Key | real-estate |
| Share Holder Rights Risk | 9 |
| Shares Outstanding | 374,920,696 |
| Shares Percent Shares Out | 0.0278 |
| Shares Short | 10,421,902 |
| Shares Short Previous Month Date | 1,782,777,600 |
| Shares Short Prior Month | 12,015,642 |
| Short Name | Equity Residential |
| Short Percent Of Float | 0.0312 |
| Short Ratio | 3.47 |
| State | IL |
| Symbol | EQR |
| Target High Price | 79.0 |
| Target Low Price | 66.0 |
| Target Mean Price | 72.99412 |
| Target Median Price | 72.0 |
| Time Zone Full Name | America/New_York |
| Time Zone Short Name | EDT |
| Total Cash | 36,405,000 |
| Total Cash Per Share | 0.097 |
| Total Debt | 8,565,499,904 |
| Total Revenue | 3,129,217,024 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 2.79 |
| Trailing Annual Dividend Yield | 0.04229195 |
| Trailing Eps | 2.22 |
| Trailing P E | 28.675674 |
| Trailing Peg Ratio | None |
| Two Hundred Day Average | 63.71325 |
| Underlying Symbol | EQR |
| Uuid | ce422961-0af7-3abb-bdb6-618d92a33599 |
| Volume | 7,449,691 |
| Website | https://www.equityapartments.com |
| Zip | 60,606-2609 |