Equity Residential (EQR)
Real Estate · Residential REITs · NYSE
Equity Residential is a leading real estate investment trust that owns and manages a portfolio of high-quality urban and suburban apartment communities across major U.S. metropolitan markets.
What Equity Residential does
Equity Residential is a real estate investment trust (REIT) focused on the acquisition, development, and management of high-quality apartment communities in major metropolitan markets. The company's portfolio consists of upscale rental properties primarily located in urban and suburban coastal areas of the United States. It manages its properties to provide stable rental income and long-term capital appreciation.
Themes: multi-family housing, urban living, residential real estate
Fundamentals
- Price$63.66 as of 2026-08-21 close
- Market cap$23.9B as of 2026-08-21
- 1-year return-0.9% 2025-08-21 close $64.27 → 2026-08-21 close $63.66
- P/E28.33 as of 2026-08-25
- Net margin+28.0% as of 2026-08-25
- Gross margin+62.3% as of 2026-08-25
- ROE+8.1% as of 2026-08-25
- Debt / equity0.79 as of 2026-08-25
- Revenue growth (YoY)+2.8% as of 2026-08-25
- Revenue CAGR (3y)+3.6% SEC XBRL
- Beta0.76 as of 2026-08-25
- Last reported earnings2026-07-22 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +4.3%; at least 4 years of non-decreasing per-share dividends (SEC XBRL) — we do not hold the year before it, so the real streak may be longer.
How EQR compares in its sector
- price-to-earnings ratiomiddle range 124 covered Real Estate peers, as of 2026-08-25
- net profit margintop 25% 161 covered Real Estate peers, as of 2026-08-25
- operating margintop 25% 161 covered Real Estate peers, as of 2026-08-25
- gross marginmiddle range 156 covered Real Estate peers, as of 2026-08-25
- return on equitymiddle range 162 covered Real Estate peers, as of 2026-08-25
- 3-year revenue CAGRmiddle range 155 covered Real Estate peers
- indicated dividend yieldmiddle range 138 covered Real Estate peers, as of 2026-08-25
Position among covered Real Estate companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Top 10 scores & list membership
EQR is not currently in any published Top 10 list. Its scores are below.
Long-term score
50.7 #778 of 1,605 scored · #56 of 95 in Real Estate
Financial health 66th (free cash flow margin 31.4%, debt to equity 0.8) and profitability 63rd (operating margin 40.9%, return on equity 8.1%); weakest is growth (30th, revenue growth year over year 2.8%, 3-year revenue CAGR 3.6%).
Short-term score
32.1 #1532 of 1,698 scored · #83 of 95 in Real Estate
Catalysts 56th: the analyst consensus rating has improved toward "buy" since the prior reading; setup 38th: over the past year its closes ranged, and it has retraced around half of its move over the past year — 53% of it; weakest is volume and participation 1st: trading volume is unusually light — only about 0% of its 30-day average.
Scores as of 24 Aug 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 3.
Dividend coverage (FY2025)
Covered by reported results. In FY2025, EQR's dividend was covered by reported results (earnings payout 93%, operating-cash-flow payout 63%). This describes past coverage, not a forecast.
- Earnings payout93% dividends / net income
- Operating-cash-flow payout63% dividends / operating cash flow — capital spending was not reported, so this does not subtract it
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How Equity Residential looks technically
Equity Residential (EQR) is trading 0.3% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed above its 200-day average about 59 trading days ago — a "golden cross", a bullish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 19, below the 25 that marks a real trend), though sellers have been pushing harder than buyers lately — pressure, not a trend. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 35, neither overbought (above 70) nor oversold (below 30). It made a new 20-day low about 5 trading days ago. Trading volume is unusually light — only about 0% of its 30-day average.
Trend
8
| Distance from the 200-day | it is trading 0.3% above its 200-day average, the long-term trend line — a longer-term uptrend | +0.3% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $67.09 | $67.09 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $63.44 | $63.44 |
| Swing structure | each recent peak has been higher than the one before it and each dip has been shallower — the pattern chart-watchers call an uptrend, which describes where price has already been and not where it goes next | higher highs and higher lows |
| Last swing turn | its last significant turn was a swing high 45 calendar days ago — the swings before that are what the structure reading is measured on | 45 sessions |
| Wave structure | its recent swings can be read as a completed three-part upward correction — a pullback in the A-B-C shape Elliott-wave chartists use; the labelling fails if price closes above 71.5. It is the only labelling that fits, and it describes the swings already printed, not what comes next. | possible three-wave upward correction, complete |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 59 trading days ago — a "golden cross", a bullish long-term signal | 59 sessions |
| Trend strength (14-day ADX) | there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 19, below the 25 that marks a real trend), though sellers have been pushing harder than buyers lately — pressure, not a trend | 18.6 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 35, neither overbought (above 70) nor oversold (below 30) | 35.4 |
|---|---|---|
| Position in its 14-day range | it is trading near the bottom of its 14-day range ($63.30 to $68.38) — its "stochastic" reading is 7 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been steady within that range over the last few sessions. | 7.1 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in negative territory (momentum leaning bearish) | 26 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $71.50 | $71.50 |
|---|---|---|
| From the 52-week high | it is 11.0% below its 52-week high (its highest price of the past year) | -11.0% |
| Above the 52-week low | it is 10.6% above its 52-week low (its lowest price of the past year) | +10.6% |
| Below the 52-week high | it is 11.0% below its highest point of the past year | 11.0% |
| Since a 20-day breakout | it made a new 20-day low about 5 trading days ago | 5 sessions |
| Since a 55-day breakout | it made a new 55-day low about 5 trading days ago | 5 sessions |
| All-time high | its highest closing price on record is $94.31 (set on 2022-04-21) | $94.31 |
| Given back of the 52-week move | over the past year its closes ranged ($57.98 to $70.15), and it has given back around half of its rise from last year’s low — 53% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $62.24 to $62.63. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 53.3% |
| From the all-time high | it is 32.5% below its all-time high | -32.5% |
| Nearest price level | it is sitting right on a resistance level at $63.86 — a price it turned at 7 times since 2025-09-03, most recently on 2026-06-22. Since 2024-08-21 it has 4 such levels below the current price and 8 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +0.3% |
| All-time low | its lowest closing price on record is $15.68 (set on 2009-03-06) | $15.68 |
| Above the all-time low | it is 306.0% above its all-time low | +306.0% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are unusually wide versus its own recent history (wider than about 81% of the past ~6 months) | 81st percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $1.06 between its high and its low — about 1.7% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $1.06 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $62.65 and $69.36 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $62.65 – $66.01 – $69.36 |
| Typical daily range (% of price) | its price moves about 1.7% in a typical session — among the calmest in the catalog. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 1.7% |
| Stretch from the 200-day average | it is trading 0.2 daily ranges above its 200-day average price (0.4% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 0.2 daily ranges above its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is unusually light — only about 0% of its 30-day average | 0.00× |
|---|
Analyst
2
| Change in the average price target | analysts have cut their average price target by 0.1% since the prior reading | -0.1% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating has improved toward "buy" since the prior reading | 0.03 toward buy |
Price gaps
1
| Gap at the open | it opened on 2026-08-21 at essentially the same price it closed at the session before — no meaningful overnight gap | 0.0% |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 9.1 percentage points (the stock lost 6.8% while the market gained 2.3%) | -9.1% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 6.3 percentage points (the stock lost 3.2% while the market gained 3.1%) | -6.3% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 9.4 percentage points (the stock gained 1.7% while the market gained 11.1%) | -9.4% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 21.4 percentage points (the stock lost 0.9% while the market gained 20.5%) | -21.4% |
Signal agreement
2
| Bullish technical signals | 3 of the 9 technical signals we can compute for it are currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day, trading above its 200-day average, near the bottom of its 14-day range (oversold) — these describe past price behaviour, not a forecast | 3 of 9 |
|---|---|---|
| Bearish technical signals | 3 of the 9 technical signals we can compute for it are currently in a bearish state: MACD momentum is negative, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 3 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 5.8% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-16 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is thin, spanning 1.7% of the share price, which is taken to mean a barrier that gives way easily. | -5.8% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 1% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $64.40 — a volume-weighted average of daily closes over 154 sessions, not a true tick-by-tick VWAP. | -1.1% |
|---|---|---|
| Vs the average paid since it last reported | the price is 4% below the average price paid since it last reported on 2026-07-22 (its 8-K), so the typical buyer over that stretch is under water. That average is $66.15 — a volume-weighted average of daily closes over 19 sessions, not a true tick-by-tick VWAP. | -3.8% |
Price levels it has turned at before
EQR last closed at $63.66 on 2026-08-21. Since 2024-08-21 it has turned at 4 prices below its last close and 8 above; the 3 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $63.86 | Resistance | 0.3% above the last close | turned there 7 times · 2025-09-03 to 2026-06-22 |
| $62.21 | Support | 2.3% below the last close | turned there four times · 2025-08-01 to 2026-01-27 |
| $65.90 | Resistance | 3.5% above the last close | turned there five times · 2025-01-10 to 2026-02-11 |
| $60.76 | Support | 4.6% below the last close | turned there three times · 2025-10-10 to 2026-01-28 |
| $67.68 | Resistance | 6.3% above the last close | turned there 10 times · 2025-01-23 to 2026-07-09 |
| $59.48 | Support | 6.6% below the last close | turned there four times · 2025-04-09 to 2026-03-11 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a three-part upward correction — the A-B-C shape chartists use for a pullback — now complete.
This labelling fails — stops being a possible reading at all — if it closes above $71.50.
It is the only labelling that fits these swings, though its proportions are not the textbook ones.
This labelling was already in place when we began recording count changes on 2026-08-13, so how long it has stood is not something we can say yet.
Read from daily closes as of 2026-08-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Near 200-day moving-average support · Trading above the 200-day moving average · trendless / choppy (low ADX) · lagging the market · Least volatile (2% or less typical daily range) · At the bottom of its 14-day range (stochastic below 20) | Learn: moving average · golden cross · adx · rsi · breakout · volume and relative volume
Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingBuy (2.32 mean, 1=Strong Buy…5=Strong Sell) — 17 analysts
- Mean price target$72.99 range $66.00 – $79.00; median $72.00
Analyst estimates, as of 2026-08-19. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for EQR
- Consensus EPS estimate$0.373 next reporting period, as of 2026-08-19
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Concentration in specific geographic metropolitan markets makes the company susceptible to local economic downturns.","Potential for decline in rental demand or occupancy rates due to changing economic conditions or supply of competitive housing.","Interest rate fluctuations impacting the cost of financing and the valuation of real estate assets."]
What changed in the latest 10-Q
AI-assisted comparison of EQR's 10-Q filed 2026-04-30 against the prior one filed 2025-10-30.
Management's Discussion & Analysis (MD&A)
- Added:
- Newer filing references 10-K for year ended December 31, 2025 (older filing references December 31, 2024)
- Newer filing shows EQR ownership interest in ERPOP as of March 31, 2026 at approximate 97.6% (older filing shows September 30, 2025 at approximate 97.5%)
- Newer filing presents Q1 2026 vs Q1 2025 comparison with specific diluted EPS reconciliation showing 2026 EPS of $0.24 vs 2025 EPS of $0.67
- Newer filing includes detailed Q1 2026 vs Q1 2025 NOI reconciliation table with line items such as property NOI, interest expense, net gain/loss on property sales, depreciation, and other
- Newer filing shows portfolio rollforward for quarter ended March 31, 2026 with 312 properties and 85,211 apartment units (with 21 configuration changes from prior period)
- Removed:
- Older filing detailed 2025 nine-month transactions including acquisitions (9 properties, 2,439 units), dispositions (5 properties, 1,330 units), completed developments, and development spending
- Older filing presented nine-month and quarterly comparisons for September 30, 2025 vs 2024 with separate diluted EPS reconciliations for both periods
- Older filing showed portfolio rollforward ending September 30, 2025 with 318 properties and 86,320 apartment units
- Older filing included detailed acquisition and disposition location information (Atlanta, Dallas/Ft. Worth, Boston, San Diego, Seattle, Washington D.C., New York markets)
- Older filing included detailed development descriptions for consolidated and unconsolidated projects with specific market locations and unit counts
- Reworded:
- Filing period changed from 'nine months and quarter ended September 30' to 'quarter ended March 31'
- Reporting date changed from September 30, 2025 to March 31, 2026
- Portfolio size decreased from 318 properties/86,320 units to 312 properties/85,211 units
- EPS per share/unit metric presentation changed from showing both nine-month and quarterly comparisons to quarterly-only comparison
- Notes:
- The newer filing appears to be a Q1 10-Q while the older filing appears to be a Q3 10-Q, representing different reporting periods within the fiscal year
- The text of the newer filing appears truncated at the end ('Properties that the Company owned and were stabilized...drove the Company's results of operations. Properties a'), limiting complete assessment of all content changes
Risk Factors
The two filings could not be meaningfully compared for this section.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales recorded in the last 90 days.
Most recent open-market transaction: 2026-02-18. As of 2026-08-25.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about EQR's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Congressional trading disclosures
U.S. House members publicly disclose their own, their spouse's, and dependent children's stock transactions under the STOCK Act. We hold 3 matched disclosures for EQR from U.S. House Clerk Periodic Transaction Report filings.
Congressional trading disclosures →Short interest (FINRA)
EQR had 10,421,902 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
EQR had 2.78% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 3.15 days to cover at the same settlement.
- Reported short interest (shares) 10,421,902
- Short interest (% of shares outstanding) 2.78%
- Prior settlement (shares) 10,284,676
- Reported change 1.33%
- Days to cover (reported) 3.15
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- AvalonBay Communities (AVB)
- Camden Property Trust (CPT)
- Essex Property Trust (ESS)
- UDR, Inc. (UDR)
- Mid-America Apartment Communities (MAA)
- Invitation Homes (INVH)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does Equity Residential (EQR) do?
Equity Residential is a real estate investment trust (REIT) focused on the acquisition, development, and management of high-quality apartment communities in major metropolitan markets. The company's portfolio consists of upscale rental properties primarily located in urban and suburban coastal areas of the United States. It manages its properties to provide stable rental income and long-term capital appreciation.
What sector is Equity Residential (EQR) in?
Equity Residential (EQR) is classified in the Real Estate sector. Its industry is Residential REITs. It trades on NYSE.
Does EQR pay a dividend?
Yes — Equity Residential (EQR) pays a dividend, with an indicated yield of about 4.26% and at least 4 years of non-decreasing per-share dividends (SEC EDGAR XBRL) — we do not hold the year before it, so the real streak may be longer (market data, as of 2026-08-25). Informational only — not financial advice.
Who are Equity Residential's (EQR) competitors?
Notable peers of Equity Residential (EQR) include AvalonBay Communities, Camden Property Trust, Essex Property Trust, UDR, Inc. and Mid-America Apartment Communities. This peer set is informational only — not financial advice.
Has there been recent Congressional stock trading in EQR?
Yes — we hold 3 matched STOCK Act disclosures for EQR from U.S. House Clerk Periodic Transaction Report filings. These are legally-required disclosures (often filed 30–45 days after the trade), may belong to a U.S. House member, their spouse, or a dependent child, and are not an indicator of company performance or investment advice.
Is Equity Residential (EQR) overbought or oversold right now?
Equity Residential (EQR) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 35, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on EQR come from?
Fundamentals and prices come from market data, as of 2026-08-25; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-25. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.