Equity Residential (EQR)Real Estate | REIT - Residential | Chicago, United States | NYSE
69.72 USD
+1.03
(1.499%)
⇧
(July 13, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 4:36 a.m. EDT
The investment case for Equity Residential is currently fractured by a severe disconnect between its generous headline yield and its actual financial health. While the 4.13% dividend yield looks attractive on paper, the payout ratio of 111% reveals a critical flaw: the company is distributing more cash than it earns, effectively burning through capital to maintain the payout. This is unsustainable and signals that the dividend is at high risk of being cut if earnings do not rebound immediately. Fundamentally, the business is struggling. Earnings have plummeted by nearly 65%, and the stock has underperformed over the last nine years, failing to generate meaningful long-term growth despite the REIT sector's resilience. The recent news of a potential merger with AvalonBay offers a glimmer of hope for strategic restructuring, but until that transaction closes and proves successful, the standalone company faces a bleak outlook. Market sentiment confirms this pessimism. Options traders have built a formidable defensive wall of put options, betting heavily on a price decline, while analysts remain cautious despite some suggesting the stock is undervalued. With a forward P/E of 43x and negative earnings growth, the valuation metrics are stretched. For now, the risks of capital erosion and dividend cuts outweigh the speculative appeal of the merger rumor. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.020166 |
| MSTL | 0.021381 |
| AutoTheta | 0.023860 |
| AutoARIMA | 0.047205 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 50% |
| H-stat | 10.59 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.330 |
| Excess Kurtosis | 0.18 |
| Attribute | Value |
|---|---|
| Sector | Real Estate |
| Ex Dividend Date | 2026-06-28 |
| Last Dividend Date | 2026-06-28 |
| Debt to Equity Ratio | 78.42 |
| Revenue per Share | 8.22 |
| Market Cap | 26,938,134,528 |
| Trailing P/E | 27.89 |
| Forward P/E | 44.41 |
| Beta | 0.75 |
| Profit Margins | 30.63% |
| Website | https://www.equityapartments.com |
As of July 11, 2026, 4:36 a.m. EDT: Speculators are aggressively positioning for downside protection, evidenced by massive open interest in out-of-the-money puts (over 3,600 contracts at the $62.5 strike) compared to negligible call volume. This 'put wall' suggests a fear of a significant drop below current levels, while call activity remains thin and concentrated near the money, indicating a lack of bullish conviction for a rally.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 1.03% | 4.43% | 4.19% | 3.95% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-06-29 | 0.7030 | 1.028680 |
| 2026-03-30 | 0.7030 | 1.200068 |
| 2026-01-02 | 0.6930 | 1.117201 |
| 2025-09-25 | 0.6930 | 1.087229 |
| 2025-06-24 | 0.6930 | 1.026059 |
| 2025-03-31 | 0.6930 | 0.968148 |
| 2025-01-02 | 0.6750 | 0.963322 |
| 2024-09-24 | 0.6750 | 0.896653 |
| 2024-07-01 | 0.6750 | 0.990608 |
| 2024-03-22 | 0.6750 | 1.085733 |
| 2023-12-29 | 0.6630 | 1.084042 |
| 2023-09-25 | 0.6630 | 1.118044 |
| 2023-06-23 | 0.6630 | 1.063182 |
| 2023-03-24 | 0.6630 | 1.184140 |
| 2022-12-30 | 0.6250 | 1.059322 |
| 2022-09-23 | 0.6250 | 0.913876 |
| 2022-06-24 | 0.6250 | 0.870231 |
| 2022-03-25 | 0.6250 | 0.702089 |
| 2021-12-31 | 0.6030 | 0.666298 |
| 2021-09-24 | 0.6030 | 0.739514 |
| 2021-06-25 | 0.6030 | 0.767469 |
| 2021-03-26 | 0.6030 | 0.829664 |
| 2020-12-31 | 0.6030 | 1.017206 |
| 2020-09-24 | 0.6030 | 1.193823 |
| 2020-06-19 | 0.6030 | 1.012085 |
| 2020-03-20 | 0.6030 | 1.090613 |
| 2019-12-31 | 0.5680 | 0.701928 |
| 2019-09-27 | 0.5680 | 0.658551 |
| 2019-06-27 | 0.5680 | 0.751223 |
| 2019-03-22 | 0.5680 | 0.763441 |
| 2018-12-31 | 0.5400 | 0.818058 |
| 2018-09-21 | 0.5400 | 0.797754 |
| 2018-06-22 | 0.5400 | 0.855513 |
| 2018-03-23 | 0.5400 | 0.925291 |
| 2017-12-29 | 0.5040 | 0.790340 |
| 2017-09-22 | 0.5040 | 0.765027 |
| 2017-06-22 | 0.5040 | 0.751790 |
| 2017-03-23 | 0.5040 | 0.798100 |
| 2016-12-22 | 0.5040 | 0.800381 |
| 2016-09-22 | 3.5040 | 5.444375 |
| 2016-06-23 | 0.5040 | 0.762597 |
| 2016-03-22 | 0.5040 | 0.692879 |
| 2016-03-01 | 8.0000 | 11.658408 |
| 2015-12-23 | 0.5530 | 0.684745 |
| 2015-09-17 | 0.5530 | 0.761603 |
| 2015-06-24 | 0.5530 | 0.775053 |
| 2015-03-19 | 0.5520 | 0.692337 |
| 2014-12-23 | 0.5000 | 0.678242 |
| 2014-09-18 | 0.5000 | 0.814332 |
| 2014-06-19 | 0.5000 | 0.807233 |
| 2014-03-20 | 0.5000 | 0.873820 |
| 2013-12-24 | 0.6500 | 1.261891 |
| 2013-09-19 | 0.4000 | 0.710353 |
| 2013-06-20 | 0.4000 | 0.756001 |
| 2013-03-20 | 0.4000 | 0.728465 |
| 2012-12-19 | 0.7670 | 1.384727 |
| 2012-09-19 | 0.3380 | 0.571815 |
| 2012-06-20 | 0.3380 | 0.555191 |
| 2012-03-21 | 0.3380 | 0.559973 |
| 2011-12-15 | 0.5680 | 1.026012 |
| 2011-09-16 | 0.3380 | 0.584775 |
| 2011-06-16 | 0.3380 | 0.573951 |
| 2011-03-17 | 0.3380 | 0.622468 |
| 2010-12-16 | 0.4580 | 0.925253 |
| 2010-09-16 | 0.3380 | 0.693333 |
| 2010-06-16 | 0.3380 | 0.737187 |
| 2010-03-11 | 0.3380 | 0.886209 |
| 2009-12-17 | 0.3380 | 1.061224 |
| 2009-09-17 | 0.3380 | 1.069282 |
| 2009-06-11 | 0.4830 | 2.094536 |
| 2009-03-12 | 0.4830 | 2.288015 |
| 2008-12-18 | 0.4830 | 1.673597 |
| 2008-09-11 | 0.4830 | 1.139958 |
| 2008-06-12 | 0.4830 | 1.159664 |
| 2008-03-13 | 0.4830 | 1.250000 |
| 2007-12-20 | 0.4830 | 1.340922 |
| 2007-09-13 | 0.4630 | 1.148314 |
| 2007-06-14 | 0.4630 | 0.985736 |
| 2007-03-15 | 0.4630 | 0.964182 |
| 2006-12-20 | 0.4630 | 0.909805 |
| 2006-09-14 | 0.4430 | 0.877228 |
| 2006-06-15 | 0.4430 | 0.988398 |
| 2006-03-16 | 0.4430 | 0.964091 |
| 2005-12-15 | 0.4430 | 1.118969 |
| 2005-09-15 | 0.4330 | 1.122052 |
| 2005-06-15 | 0.4330 | 1.184679 |
| 2005-03-16 | 0.4330 | 1.343469 |
| 2004-12-15 | 0.4330 | 1.211189 |
| 2004-09-15 | 0.4330 | 1.388711 |
| 2004-06-16 | 0.4330 | 1.486440 |
| 2004-03-17 | 0.4330 | 1.428100 |
| 2003-12-17 | 0.4330 | 1.467797 |
| 2003-09-17 | 0.4330 | 1.494650 |
| 2003-06-18 | 0.4330 | 1.659004 |
| 2003-03-18 | 0.4330 | 1.770961 |
| 2002-12-18 | 0.4330 | 1.792961 |
| 2002-09-18 | 0.4330 | 1.712139 |
| 2002-06-18 | 0.4330 | 1.536551 |
| 2002-03-18 | 0.4330 | 1.509237 |
| 2001-12-18 | 0.4330 | 1.520365 |
| 2001-09-18 | 0.4325 | 1.479138 |
| 2001-06-18 | 0.4075 | 1.425074 |
| 2001-03-16 | 0.4075 | 1.545317 |
| 2000-12-15 | 0.4075 | 1.530516 |
| 2000-09-18 | 0.4075 | 1.713535 |
| 2000-06-16 | 0.3800 | 1.621333 |
| 2000-03-16 | 0.3800 | 1.936306 |
| 1999-12-16 | 0.3800 | 1.977236 |
| 1999-09-16 | 0.3800 | 1.747126 |
| 1999-06-16 | 0.3550 | 1.530997 |
| 1999-03-17 | 0.3550 | 1.742331 |
| 1998-12-16 | 0.3550 | 1.716012 |
| 1998-09-14 | 0.3350 | 1.917710 |
| 1998-06-24 | 0.3350 | 1.482711 |
| 1998-03-25 | 0.3350 | 1.328377 |
| 1997-12-11 | 0.2190 | 0.857772 |
| 1997-09-24 | 0.3125 | 1.230012 |
| 1997-06-25 | 0.3125 | 1.355014 |
| 1997-03-25 | 0.3125 | 1.362398 |
| 1996-12-24 | 0.3125 | 1.479290 |
| 1996-09-25 | 0.2950 | 1.667845 |
| 1996-06-26 | 0.2950 | 1.787879 |
| 1996-03-27 | 0.2950 | 1.850980 |
| 1995-12-27 | 0.2950 | 1.926531 |
| 1995-09-27 | 0.2575 | 1.695473 |
| 1995-06-28 | 0.2575 | 1.881279 |
| 1995-03-27 | 0.2575 | 1.961905 |
| 1994-12-23 | 0.2600 | 1.740586 |
| 1994-09-26 | 0.2450 | 1.543307 |
| 1994-06-20 | 0.2475 | 1.540856 |
| 1994-05-18 | 0.2475 | 1.434783 |
| 1994-03-21 | 0.2400 | 1.465649 |
| 1993-12-02 | 0.2350 | 1.504000 |
| 1993-09-20 | 0.1050 | 0.711864 |
| Attribute | Value |
|---|---|
| 52 Week Change | 0.054286957 |
| Address1 | Two North Riverside Plaza |
| Address2 | Suite 400 |
| All Time High | 94.32 |
| All Time Low | 12.4375 |
| Ask | 69.4 |
| Ask Size | 300 |
| Audit Risk | 3 |
| Average Analyst Rating | 2.3 - Buy |
| Average Daily Volume10 Day | 2,696,370 |
| Average Daily Volume3 Month | 3,019,895 |
| Average Volume | 3,019,895 |
| Average Volume10Days | 2,696,370 |
| Beta | 0.754 |
| Bid | 64.0 |
| Bid Size | 600 |
| Board Risk | 8 |
| Book Value | 28.435 |
| City | Chicago |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 5 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 69.72 |
| Current Ratio | 0.115 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,782,777,600 |
| Day High | 70.11 |
| Day Low | 69.06 |
| Debt To Equity | 78.42 |
| Dividend Date | 1,783,641,600 |
| Dividend Rate | 2.81 |
| Dividend Yield | 4.09 |
| Earnings Call Timestamp End | 1,777,474,800 |
| Earnings Call Timestamp Start | 1,777,474,800 |
| Earnings Growth | -0.646 |
| Earnings Quarterly Growth | -0.649 |
| Earnings Timestamp | 1,784,750,400 |
| Earnings Timestamp End | 1,784,750,400 |
| Earnings Timestamp Start | 1,784,750,400 |
| Ebitda | 1,892,307,968 |
| Ebitda Margins | 0.60787 |
| Enterprise To Ebitda | 18.548 |
| Enterprise To Revenue | 11.275 |
| Enterprise Value | 35,098,882,048 |
| Eps Current Year | 1.6884 |
| Eps Forward | 1.56999 |
| Eps Trailing Twelve Months | 2.5 |
| Esg Populated | 0 |
| Ex Dividend Date | 1,782,691,200 |
| Exchange | NYQ |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fax | 312 454 8703 |
| Fifty Day Average | 66.689 |
| Fifty Day Average Change | 3.0309982 |
| Fifty Day Average Change Percent | 0.045449745 |
| Fifty Two Week Change Percent | 5.4286957 |
| Fifty Two Week High | 71.5 |
| Fifty Two Week High Change | -1.7799988 |
| Fifty Two Week High Change Percent | -0.024895089 |
| Fifty Two Week Low | 57.57 |
| Fifty Two Week Low Change | 12.150002 |
| Fifty Two Week Low Change Percent | 0.21104744 |
| Fifty Two Week Range | 57.57 - 71.5 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 745,162,200,000 |
| Five Year Avg Dividend Yield | 3.81 |
| Float Shares | 335,975,638 |
| Forward Eps | 1.56999 |
| Forward P E | 44.407925 |
| Free Cashflow | 1,416,540,928 |
| Full Exchange Name | NYSE |
| Full Time Employees | 2,400 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,782,864,000 |
| Gross Margins | 0.62775004 |
| Gross Profits | 1,954,185,984 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.00592 |
| Held Percent Institutions | 0.99027 |
| Implied Shares Outstanding | 386,375,986 |
| Industry | REIT - Residential |
| Industry Disp | REIT - Residential |
| Industry Key | reit-residential |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Dividend Date | 1,782,691,200 |
| Last Dividend Value | 0.703 |
| 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 85,211 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 | us_market |
| Market Cap | 26,938,134,528 |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_28209 |
| Most Recent Quarter | 1,774,915,200 |
| Net Income To Common | 952,153,984 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 26,139,470,925 |
| Number Of Analyst Opinions | 18 |
| Open | 69.06 |
| Operating Cashflow | 1,623,752,960 |
| Operating Margins | 0.27398002 |
| Overall Risk | 8 |
| Payout Ratio | 1.1118 |
| Peg Ratio | 16.1 |
| Phone | 312 474 1300 |
| Pre Market Change | -0.6500015 |
| Pre Market Change Percent | -0.93230283 |
| Pre Market Price | 69.07 |
| Pre Market Time | 1,784,031,108 |
| Previous Close | 68.69 |
| Price Eps Current Year | 41.293533 |
| Price Hint | 2 |
| Price To Book | 2.4519079 |
| Price To Sales Trailing12 Months | 8.653446 |
| Profit Margins | 0.30632 |
| Quick Ratio | 0.029 |
| Quote Source Name | Delayed Quote |
| Quote Type | EQUITY |
| Recommendation Key | buy |
| Recommendation Mean | 2.33333 |
| Region | US |
| Regular Market Change | 1.03 |
| Regular Market Change Percent | 1.49949 |
| Regular Market Day High | 70.11 |
| Regular Market Day Low | 69.06 |
| Regular Market Day Range | 69.06 - 70.11 |
| Regular Market Open | 69.06 |
| Regular Market Previous Close | 68.69 |
| Regular Market Price | 69.72 |
| Regular Market Time | 1,783,972,803 |
| Regular Market Volume | 2,211,658 |
| Return On Assets | 0.02706 |
| Return On Equity | 0.08671 |
| Revenue Growth | 0.025 |
| Revenue Per Share | 8.22 |
| Sand P52 Week Change | 0.20365608 |
| Sector | Real Estate |
| Sector Disp | Real Estate |
| Sector Key | real-estate |
| Share Holder Rights Risk | 9 |
| Shares Outstanding | 374,712,144 |
| Shares Percent Shares Out | 0.0321 |
| Shares Short | 12,015,642 |
| Shares Short Previous Month Date | 1,780,012,800 |
| Shares Short Prior Month | 10,349,780 |
| Short Name | Equity Residential |
| Short Percent Of Float | 0.036 |
| Short Ratio | 3.69 |
| Source Interval | 15 |
| State | IL |
| Symbol | EQR |
| Target High Price | 80.0 |
| Target Low Price | 63.0 |
| Target Mean Price | 71.83333 |
| Target Median Price | 71.5 |
| Total Cash | 34,677,000 |
| Total Cash Per Share | 0.093 |
| Total Debt | 8,643,318,784 |
| Total Revenue | 3,112,995,072 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 2.78 |
| Trailing Annual Dividend Yield | 0.040471684 |
| Trailing Eps | 2.5 |
| Trailing P E | 27.888 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 62.89695 |
| Two Hundred Day Average Change | 6.8230515 |
| Two Hundred Day Average Change Percent | 0.10847985 |
| Type Disp | Equity |
| Volume | 2,211,658 |
| Website | https://www.equityapartments.com |
| Zip | 60,606-2609 |