Equity Residential Company Profile (NYSE:EQR)

Equity Residential trades on the New York Stock Exchange (NYSE) under the ticker symbol "EQR."

Equity Residential announced a quarterly dividend on Friday, September 15th. Investors of record on Monday, September 25th will be given a dividend of $0.5038 per share on Friday, October 13th. This represents a $2.02 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Friday, September 22nd. View Equity Residential's Dividend History.

Equity Residential (NYSE:EQR) issued its quarterly earnings results on Tuesday, July, 25th. The company reported $0.77 earnings per share for the quarter, meeting the consensus estimate of $0.77. The company earned $612.48 million during the quarter, compared to the consensus estimate of $609.37 million. Equity Residential had a net margin of 33.99% and a return on equity of 7.92%. The firm's revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.76 EPS. View Equity Residential's Earnings History.

Equity Residential is scheduled to release their next quarterly earnings announcement on Tuesday, October, 24th 2017. View Earnings Estimates for Equity Residential.

Equity Residential issued an update on its FY17 earnings guidance on Tuesday, July, 25th. The company provided earnings per share (EPS) guidance of $3.08-3.14 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.11. Equity Residential also updated its Q3 guidance to $0.77-0.81 EPS.

12 brokers have issued 12-month price objectives for Equity Residential's stock. Their predictions range from $62.00 to $75.00. On average, they expect Equity Residential's share price to reach $67.91 in the next year. View Analyst Ratings for Equity Residential.

Here are some recent quotes from research analysts about Equity Residential stock:

• 1. According to Zacks Investment Research, "Shares of Equity Residential have underperformed its industry, year to date. The stock has seen the Zacks Consensus Estimate for third-quarter and current-year funds from operations (FFO) per share remaining unchanged in a month’s time. Notably, there is elevated supply in a number of its markets. This is likely to put pressure on rental rates and adversely affect revenue growth this year. Further, there is high concession activity amid higher supply, which remains a concern. Also, the company’s 2016 huge disposition activity is anticipated to affect its net operating income. Nevertheless, the company’s efforts to reposition portfolio in high barrier-to-entry/core markets is encouraging. Also, the company might benefit from favorable demographics, lifestyle transformation and creation of new households." (10/17/2017)
• 2. Cantor Fitzgerald analysts commented, "Normalized FFO/sh. – A penny higher than Cantor. Normalized FFO/sh. was $0.74 vs. Cantor/consensus at $0.73/$0.74. The variance to our estimates included lower G&A and other expenses, offset by higher interest expense. Leasing and advertising expenses remain elevated; New York SS revenue growth rate in line with 4Q. There was seq. deceleration in SS revenue growth of 30bps to 2.6% following a 50bps seq. decline in 4Q. This was driven by rent growth of 2.6%, which was 40bps lower vs. 4Q. Occupancy was unchanged and turn declined 50bps. Expenses remained elevated at 3.9%, driven by a 12.0% increase in leasing and advertising. Recall that in 2016, leasing and advertising increased due to higher promotional expense, including gift cards and payment of broker fees. SSNOI increased 2.1%, implying a 20bps seq. increase as expense growth rate was seq. lower." (4/26/2017)

Some companies that are related to Equity Residential include AvalonBay Communities (AVB), Essex Property Trust (ESS), Mid-America Apartment Communities (MAA), United Dominion Realty Trust (UDR), Camden Property Trust (CPT), Equity Lifestyle Properties (ELS), Sun Communities (SUI), Apartment Investment and Management Company (AIV), American Campus Communities (ACC), American Homes 4 Rent (AMH), Colony Starwood Homes (SFR), Two Harbors Investments Corp (TWO), Education Realty Trust (EDR), Monogram Residential Trust (MORE), Associated Estates Realty (AEC), ARMOUR Residential REIT (ARR), Independence Realty Trust (IRT) and New Senior Investment Group (SNR).

Equity Residential's management team includes the folowing people:

• Samuel F. Zell J.D., Chairman of the Board of Trustees
• David J. Neithercut, President, Chief Executive Officer, Trustee
• Gerald A. Spector, Independent Vice Chairman of the Board of Trustee
• Mark J. Parrell, Chief Financial Officer, Executive Vice President
• David S. Santee, Chief Operating Officer, Executive Vice President
• Alan W. George, Executive Vice President, Chief Investment Officer
• Bruce C. Strohm, Executive Vice President, General Counsel, Corporate Secretary
• Christa L. Sorenson, Executive Vice President of Human Resources
• Barry S. Altshuler, Executive Vice President - Investments
• Alexander Brackenridge, Executive Vice President – Investments

Equity Residential's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include PGGM Investments (1.98%), APG Asset Management N.V. (0.20%), Shell Asset Management Co. (0.06%), State Treasurer State of Michigan (0.03%), Merriman Wealth Management LLC (0.01%) and Mutual of America Capital Management LLC (0.01%). Company insiders that own Equity Residential stock include Alan W George, Alexander Brackenridge, B Joseph White, Barry Altshuler, Bruce C Strohm, Charles L Atwood, David J Neithercut, David S Santee, Gerald A Spector, Ian Kaufman, John Powers, John W Alexander, Mark J Parrell, Mark N Tennison, Mark S Shapiro, Michael L Manelis and Samuel Zell. View Institutional Ownership Trends for Equity Residential.

Equity Residential's stock was sold by a variety of institutional investors in the last quarter, including APG Asset Management N.V., State Treasurer State of Michigan, Merriman Wealth Management LLC, Denali Advisors LLC, Oakbrook Investments LLC and Bridges Investment Counsel Inc.. Company insiders that have sold Equity Residential stock in the last year include Alan W George, Bruce C Strohm, David J Neithercut, David S Santee, Mark S Shapiro, Michael L Manelis and Samuel Zell. View Insider Buying and Selling for Equity Residential.

Equity Residential's stock was acquired by a variety of institutional investors in the last quarter, including PGGM Investments, Shell Asset Management Co., LS Investment Advisors LLC, Robeco Institutional Asset Management B.V., Eqis Capital Management Inc. and Mutual of America Capital Management LLC. View Insider Buying and Selling for Equity Residential.

Shares of Equity Residential can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Equity Residential stock can currently be purchased for approximately $66.14.