Equity Residential logged a -0.9% change during today's morning session, and is now trading at a price of $62.65 per share.
Equity Residential returned losses of -10.0% last year, with its stock price reaching a high of $78.83 and a low of $59.41. Over the same period, the stock underperformed the S&P 500 index by -28.6%. AThe company's 50-day average price was $67.93. Equity Residential is committed to creating communities where people thrive. Based in Chicago, IL, the Large-Cap Real Estate company has 2,500 full time employees. Equity Residential has offered a 4.3% dividend yield over the last 12 months.
The Company's Revenues Are Declining:
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Revenue (k) | $2,701,075 | $531,807 | $1,072,183 | $304,325 | $282,539 | $546,797 |
| Net Income (k) | $1,009,708 | $962,501 | $1,396,714 | $806,995 | $868,488 | $1,070,975 |
| Net Interest Expense (k) | $390,076 | $365,073 | $272,473 | $282,920 | $269,556 | $285,735 |
| Depreciation & Amort. (k) | $831,083 | $820,832 | $838,272 | $882,168 | $888,709 | $952,191 |
| Diluted Shares (k) | 386,333 | 385,874 | 388,089 | 389,450 | 390,897 | 390,740 |
| Earnings Per Share | $2.6 | $2.45 | $3.54 | $2.05 | $2.2 | $2.72 |
| EPS Growth | n/a | -5.77% | 44.49% | -42.09% | 7.32% | 23.64% |
| Avg. Price | $68.14 | $55.87 | $72.18 | $79.03 | $57.42 | $63.2 |
| P/E Ratio | 26.11 | 22.8 | 20.28 | 38.36 | 26.1 | 23.15 |
| Free Cash Flow (k) | $1,261,292 | $1,035,204 | $1,053,763 | $1,345,411 | $1,454,601 | $1,443,785 |
| CAPEX (k) | $195,692 | $230,332 | $206,421 | $109,345 | $78,197 | $129,822 |
| EV / EBITDA | 15.68 | 13.5 | 14.0 | 18.59 | 14.23 | 15.8 |
| Total Debt (k) | $9,130,979 | $8,126,903 | $8,421,172 | $7,494,250 | $7,464,657 | $8,193,052 |
| Net Debt / EBITDA | 4.15 | 3.78 | 3.3 | 3.72 | 3.62 | 4.0 |
a Decline in Expected Earnings Clouds Its Value Outlook but Trades Above Its Graham Number:
Equity Residential has a trailing twelve month P/E ratio of 25.9, compared to an average of 27.31 for the Real Estate sector. Based on its EPS guidance of $1.69, the company has a forward P/E ratio of 40.2. The -6.0% compound average growth rate of Equity Residential's historical and projected earnings per share yields a PEG ratio of -4.34. This indicates that its shares are overvalued.Furthermore, Equity Residential is likely overvalued compared to the book value of its equity, since its P/B ratio of 2.16 is higher than the sector average of 1.94. The company's shares are currently trading 50.6% below their Graham number.
Equity Residential Has an Analyst Consensus of Some Upside Potential:
The 20 analysts following Equity Residential have set target prices ranging from $71.0 to $87.0 per share, for an average of $76.78 with a buy rating. The company is trading -18.4% away from its average target price, indicating that there is an analyst consensus of some upside potential.
Equity Residential has a very low short interest because 1.9% of the company's shares are sold short. Institutions own 95.3% of the company's shares, and the insider ownership rate stands at 0.53%, suggesting a small amount of insider investors. The largest shareholder is Vanguard Group Inc, whose 15% stake in the company is worth $3,508,458,600.
