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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 will 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 data from Benzinga Pro, quarterly revenue is expected to be $764.02 million, up from $730.82 million a year earlier.
The 52-week range of Equity Residential stock price was $59.48 to $78.83.
Equity Residential's dividend yield is 3.91%. It paid $2.70 per share in dividends during the last 12 months.
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On Feb. 3, the company announced its Q4 2024 earnings, posting normalized FFO of $1.00, missing the consensus estimate of $1.01, while rental income of $766.779 million came in above the consensus of $755 million, as reported by Benzinga.
"Our 2024 operating results were solid and generally consistent with our expectations. We expect a steady improvement in our same store revenue results as we go through 2025 driven by higher lease rate growth, continued elevated occupancy levels and significant contributions from other income in 2025," said CEO Mark J. Parrell.
Check out this article by Benzinga for seven analysts' insights on Equity Residential.
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If you want to make $100 per month — $1,200 annually — from Equity Residential dividends, your investment value needs to be approximately $30,691, which is around 445 shares at $68.97 each.
Understanding the dividend yield calculations: When making an estimate, you need two key variables — the desired annual income ($1,200) and the dividend yield (3.91% in this case). So, $1,200 / 0.0391 = $30,691 to generate an income of $100 per month.
You can calculate the dividend yield by dividing the annual dividend payments by the current price of the stock.
The dividend yield can change over time. This is the outcome of fluctuating stock prices and dividend payments on a rolling basis.
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For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).
In summary, income-focused investors may find Equity Residential stock an attractive option for making a steady income of $100 per month by owning 445 shares of stock.
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This article How To Put $100 In Your Retirement Fund Each Month With Equity Residential Stock originally appeared on Benzinga.com
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