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Equity Residential EQR Stock Quote

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Market Closed

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  • Last Close 57.87
  • Sector Real Estate
  • Industry REIT - Residential
  • Investment Style Mid Blend
  • Day Range 57.48  –  58.79
  • Year Range 54.60  –  69.45
  • Market Cap 21.9346 Bil
  • Volume / Avg 1.4 Mil /  1.5 Mil
  • Price / Sales 8.02
  • Price / Book 2.00
  • Forward Div Yield 4.09%
  • Trailing Div Yield 4.51%

Morningstar‘s Stock Analysis EQR

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Is it the right time to buy or sell?
Is it the right time to buy or sell?

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5-Star Price


Economic Moat


Capital Allocation


Equity Residential Should Continue to See Solid Same-Store Net Operating Income Growth

Kevin Brown Senior Analyst

Business Strategy and Outlook

| Kevin Brown |

Equity Residential has repositioned its portfolio over the past decade to focus on owning and operating high-quality multifamily buildings in urban, coastal markets with demographics that allow the company to maintain high occupancies and drive strong rent growth. The company has sold out of inland and southern markets and increased its operations in high-growth core markets: Los Angeles, San Diego, San Francisco, Washington, D.C., New York, Boston, and Seattle. These markets exhibit traits that create demand for apartments, like job growth, income growth, decreasing homeownership rates, high relative cost of single-family housing, and attractive urban centers that draw younger people. The company regularly recycles capital by selling noncore assets or exiting markets and using the proceeds for its development pipeline or acquisitions, a strategy that has produced strong returns.

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Key Statistics EQR

Company Profile EQR

Business Description

Equity Residential owns a portfolio of 304 apartment communities with around 80,000 units and is developing two additional properties with 537 units. The company focuses on owning large, high-quality properties in the urban and suburban submarkets of Southern California, San Francisco, Washington, D.C., New York, Seattle, and Boston.

Two North Riverside Plaza
Chicago, IL, 60606
Industry REIT - Residential
Employees 2,400

Related Articles EQR

Morningstar analysts hand-select direct competitors or comparable companies to provide context on the strength and durability of EQR’s competitive advantage.

Equity Residential


Apartment Income REIT Corp Class A


AvalonBay Communities Inc


Essex Property Trust Inc

−$0.84 (1.43%) −$0.56 (1.82%) −$3.65 (2.13%) −$3.24 (1.53%)
Market Cap
21.93 Bil4.50 Bil23.87 Bil13.40 Bil
REIT - Residential REIT - Residential REIT - Residential REIT - Residential
Real Estate
Real Estate
Real Estate
Real Estate

* Trading data in this section is delayed by at least 15 minutes.

FAQs for Equity Residential Stock

Yes. EQR has a forward dividend yield of 4.58%. See EQR’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

EQR’s market cap is 21.93 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

EQR’s stock style is Mid Core.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

EQR’s price/sales is 8.02.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

EQR’s price/forward earnings is 26.30.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

EQR’s price/book is 2.00.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See EQR’s valuation ratios compared to the Market Index.

EQR’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare EQR’s historical performance against its industry peers and the overall market.