How to Buy Equity Residential Stock
Equity Residential
Equity Residential is a residential REIT company located in Illinois, United States, which is part of the Real Estate sector, and is traded under the ticker EQR on the NYSE exchange.
Equity Residential stock last closed at $64.88, up 0.42% from the previous day, and has increased 7.2% in one year. It has overperformed other stocks in the REIT - Residential industry by 0.06 percentage points. Equity Residential stock is currently +23.42% from its 52-week low of $52.57, and -6.58% from its 52-week high of $69.45.
There are currently 379.55M shares of EQR outstanding. The market cap of EQR is $24.63B. In the last 24 hours, 3.33M EQR shares were traded.
How to Buy Equity Residential Stock
Not sure how to invest in Equity Residential stock? Here's how.
- Decide where to buy Equity Residential stock: You need to decide on a stock brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you determine where to buy Equity Residential stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Put funds into your investment account: Select your method of payment and add your info.
- Evaluate Equity Residential stock: The Equity Residential ticker symbol is EQR. Is Equity Residential stock a good investment? Should you buy shares of EQR? How do EQR's underlying business fundamentals look? Do top analysts think Equity Residential is a good buy? Why has EQR's stock price moved recently? (Hint: Our stock research website can help you decide if EQR is a good stock to buy).
- Execute your EQR purchase: Decide if you will purchase EQR shares at the current market price or use a limit order to buy EQR stock at a specific price.
- Get the latest news on your EQR position: Create a watchlist to monitor your investment in Equity Residential stock.
Step 1: Decide where to buy Equity Residential stock
You will need an online brokerage account to access the NYSE market and buy EQR stock.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've selected the best brokerage, you'll need to fill out some personal information so you can invest in EQR stock today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to start your new brokerage account.
- Submit your data by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you've finished signing up on one of the best stock apps, you can securely and quickly fund your account:
Check out the video below for more details depositing money into your brokerage account.
Step 4: Evaluate Equity Residential stock
Once you have selected the best place to buy Equity Residential stock, it's crucial to analyze their stock before you invest, so you can understand the risk as well as the upside.
Overview of key EQR info
EQR Fundamentals
WallStreetZen was created to help everyday investors perform better fundamental analysis in less time.
You can see all of the due diligence checks on EQR's stock page.
What is the fair value of EQR stock?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge EQR's intrinsic value.
Using relative valuations measures:
- EQR could be overvalued based on its P/E ratio of 29.49x, relative to REIT - Residential industry P/E ratio of 17.21x
- EQR may be undervalued based on its P/B ratio of 2.22x, relative to REIT - Residential industry P/B ratio of 2.28x
- EQR may be overvalued based on its PEG ratio of 1.21x
You can do additional valuation analysis on EQR's stock here.
How do EQR Financials look?
Positive Health Checks:
- Total EQR debt is lower than 5 years ago, relative to shareholder equity.
- EQR profit margin has gone up from 28.3% to 29% in the past year.
Negative Health Checks:
- EQR's operating cash flow of $1.53B allows it to safely service it's debt of $7.70B.
- EQR earnings of $1.11B is not sufficient to cover its interest payments.
- EQR has a relatively high debt to equity ratio of 0.76.
Do analysts think it's a good time to buy EQR stock
Out of 11 Equities analysts who give ratings on EQR, the consensus analyst rating on EQR is a Buy
Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Most Recent EQR Analyst Forecasts
Adam Kramer, a bottom 20% analyst from Morgan Stanley maintains EQR with a hold rating and raises their EQR price target from $58.00 to $64.00, on Feb 26, 2024.
Chandni Luthra, a bottom 7% analyst from Goldman Sachs reinstates EQR with a strong buy rating and announces their EQR price target of $70.00, on Feb 22, 2024.
Anthony Powell, a bottom 5% analyst from Barclays maintains EQR with a hold rating and lowers their EQR price target from $69.00 to $67.00, on Feb 20, 2024.
Brad Heffern, a bottom 9% analyst from RBC Capital maintains EQR with a buy rating and raises their EQR price target from $65.00 to $66.00, on Feb 1, 2024.
Haendel St. Juste, a bottom 10% analyst from Mizuho downgrades EQR to a hold rating and lowers their EQR price target from $62.00 to $58.00, on Dec 11, 2023.
You can dig deeper into what analysts are saying on the Equity Residential stock forecast page.
EQR Momentum
Is EQR Making Money?
Last year, EQR earnings were $832.35M. Over the last five year, EQR's earnings have grown by 4.33% per year. This was slower than the REIT - Residential industry average of 12.62%.
Last year, EQR revenue was $2.87B. Over the last five year, EQR's revenue has increased by 2.2% per year. This was slower than the REIT - Residential industry average of 7.65%.
You can analyze EQR's earnings and revenue performance here.
What are EQR executives and large shareholders up to?
In the past 12 months, executives and large shareholders at EQR have bought more shares than they have sold.
Barry Altshuler, Executive Vice President of EQR, was the latest EQR insider to buy. They bought $99,985.60 worth of EQR stock on Feb 28, 2024.
Get more info about who owns EQR stock here.
Does EQR stock generate passive income?
Equity Residential pays a dividend of 4.1%, compared to the REIT - Residential industry's average dividend yield of 4.14%. If you owned $1,000 worth of EQR stock, you would have been paid $41.04 last year.
Equity Residential dividend payments have consistently grown over the past decade and have remained stable.
Get more analysis about Equity Residential dividend yield and history here.
EQR Social Trading Data
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Execute your EQR purchase
There are two main options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly sufficient. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at an exact price limit, place a limit order.
Hit the Open Trade button and your broker will execute the order.
If you need more help with investing in stocks on eToro, click the how to video below:
Step 6: Get the latest news on your EQR position
Now that you own some shares in EQR, you'll want to keep up with your new investment.
Put EQR on a watchlist to get notified of the latest news about your EQR stock.
EQR Feed
How to Buy Stock in Equity Residential
To summarize, here are the 6 steps for buying Equity Residential stock:
- Decide where to buy Equity Residential stock
- Open a brokerage account
- Put funds into your investment account
- Evaluate Equity Residential stock
- Execute your EQR purchase
- Get the latest news on your EQR position
If you need a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to keep track of your new investment in Equity Residential, hit the button below to create your watchlist.
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