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Equity Residential (NYSE:EQR) is focused on the acquisition, development and management of residential properties located in and around dynamic cities that attract affluent long-term renters.
It is set to report its Q1 2025 earnings on April 22. Wall Street analysts expect the company to post EPS of $0.96, up from $0.93 in the year-ago period. According to Benzinga Pro, quarterly revenue is expected to reach $764.02 million, up from $730.82 million a year earlier.
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If You Bought Equity Residential Stock 10 Years Ago
The company's stock traded at approximately $76.84 per share 10 years ago. If you had invested $10,000, you could have bought roughly 130 shares. Currently, shares trade at $72.98, meaning your investment's value could have declined to $9,498 from stock price depreciation. However, Equity Residential also paid dividends during these 10 years.
Equity Residential's dividend yield is currently 3.70%. Over the last 10 years, it has paid about $33.67 in dividends per share, which means you could have made $4,382 from dividends alone.
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Summing up $9,498 and $4,382, we end up with the final value of your investment, which is $13,880. This is how much you could have made if you had invested $10,000 in Equity Residential stock 10 years ago. This means a total return of 38.8%. However, this figure is significantly less than the S&P 500 total return for the same period, which was 220.01%.
What Could The Next 10 Years Bring?
Equity Residential has a consensus rating of "Neutral" and a price target of $73.77 based on the ratings of 30 analysts. The price target implies just around 1% potential upside from the current stock price.
On Feb. 3, the company announced its Q4 2024 earnings, posting normalized FFO of $1, missing the consensus estimate of $1.01, while revenues of $766.779 million came in above the consensus of $755 million, as reported by Benzinga.
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The company provided its guidance for the full-year 2025, expecting EPS in the range of $3 to $3.10. Normalized FFO per share is estimated to be between $3.90 and $4.