About Equity Residential (NYSE:EQR)
Equity Residential is an S&P 500 company focused on the acquisition, development and management of rental apartment properties in urban and high-density suburban coastal gateway markets where today's renters want to live, work and play. Equity Residential owns or has investments in 305 properties consisting of 78,611 apartment units, primarily located in Boston, New York, Washington, D.C., Seattle, San Francisco and Southern California. For more information on Equity Residential, please visit our website at www.equityapartments.com.
Industry, Sector and Symbol
Industry Real estate investment trusts
Trailing P/E Ratio19.17
Forward P/E Ratio18.67
Sales & Book Value
Annual Sales$2.47 billion
Price / Sales8.96
Cash Flow$3.7348 per share
Price / Cash16.10
Book Value$28.40 per share
Price / Book2.12
EPS (Most Recent Fiscal Year)$3.13
Net Income$603.45 million
Return on Equity5.76%
Return on Assets2.92%
Equity Residential (NYSE:EQR) Frequently Asked Questions
What is Equity Residential's stock symbol?
Equity Residential trades on the New York Stock Exchange (NYSE) under the ticker symbol "EQR."
How often does Equity Residential pay dividends? What is the dividend yield for Equity Residential?
Equity Residential announced a quarterly dividend on Thursday, March 15th. Stockholders of record on Monday, March 26th will be paid a dividend of $0.54 per share on Friday, April 13th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend is Friday, March 23rd. This is an increase from Equity Residential's previous quarterly dividend of $0.50. View Equity Residential's Dividend History.
How were Equity Residential's earnings last quarter?
Equity Residential (NYSE:EQR) issued its earnings results on Tuesday, April, 24th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.78 by $0.21. The real estate investment trust had revenue of $633.02 million for the quarter, compared to analysts' expectations of $626.81 million. Equity Residential had a net margin of 24.39% and a return on equity of 5.76%. The company's quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.76 EPS. View Equity Residential's Earnings History.
When is Equity Residential's next earnings date?
What guidance has Equity Residential issued on next quarter's earnings?
Equity Residential updated its second quarter earnings guidance on Tuesday, April, 24th. The company provided earnings per share (EPS) guidance of $0.77-$0.81 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.80.
What price target have analysts set for EQR?
16 equities research analysts have issued 12 month target prices for Equity Residential's stock. Their forecasts range from $60.00 to $75.00. On average, they expect Equity Residential's stock price to reach $66.60 in the next twelve months. View Analyst Ratings for Equity Residential.
What are Wall Street analysts saying about Equity Residential stock?
Here are some recent quotes from research analysts about Equity Residential stock:
- 1. Cantor Fitzgerald analysts commented, "Estimate Update. We are tweaking our 2018 normalized FFO/sh. estimate to $3.24 from $3.25, and lowering our NAV/sh. estimate to $69.80 from $71.40 and SS revenue estimate to 1.7% from 2.0%. Company’s 2018 rev. outlook range is 1.0-2.25%, Expenses range is 3.5-4.5% and SSNOI is 0-1.5%, and MP Normalized FFO/sh. guidance is $3.22." (2/5/2018)
- 2. According to Zacks Investment Research, "Shares of Equity Residential have outperformed its industry, in the past three months. However, this trend is unlikely to continue because there are elevated levels of new supply across the company’s markets. This high supply is anticipated to put pressure on rental rates and adversely affect revenue growth this year. Further, there is high concession activity amid higher supply, which remains another concern. Furthermore, rate hike added to its woes. Nevertheless, the company is making concerted efforts to reposition its portfolio in high barrier-to-entry/core markets. Such efforts have the capacity to drive long term growth. Also, the company is anticipated to benefit from favorable demographics, lifestyle transformation and creation of new households." (1/9/2018)
Who are some of Equity Residential's key competitors?
Some companies that are related to Equity Residential include American Tower (AMT), Simon Property Group (SPG), Crown Castle International (CCI), Prologis (PLD), Public Storage (PSA), Equinix (EQIX), Weyerhaeuser (WY), Unibail-Rodamco (UNRDY), AvalonBay Communities (AVB), Digital Realty (DLR), Welltower (WELL), GGP (GGP), Boston Properties (BXP), Ventas (VTR) and Essex Property Trust (ESS).
Who are Equity Residential's key executives?
Equity Residential's management team includes the folowing people:
- Mr. Samuel Zell, Founder & Chairman (Age 76)
- Mr. David J. Neithercut, Pres, CEO & Trustee (Age 62)
- Mr. Mark J. Parrell, Exec. VP & CFO (Age 51)
- Mr. David S. Santee, Exec. VP & COO (Age 59)
- Mr. Alan W. George, Chief Investment Officer and Exec. VP (Age 60)
Has Equity Residential been receiving favorable news coverage?
News headlines about EQR stock have been trending somewhat positive this week, Accern reports. The research firm ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Equity Residential earned a media sentiment score of 0.08 on Accern's scale. They also gave press coverage about the real estate investment trust an impact score of 45.65 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near future.
How do I buy shares of Equity Residential?
Shares of EQR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Equity Residential's stock price today?
One share of EQR stock can currently be purchased for approximately $60.34.
How big of a company is Equity Residential?
Equity Residential has a market capitalization of $22.24 billion and generates $2.47 billion in revenue each year. The real estate investment trust earns $603.45 million in net income (profit) each year or $3.13 on an earnings per share basis. Equity Residential employs 2,700 workers across the globe.
How can I contact Equity Residential?
Equity Residential's mailing address is TWO NORTH RIVERSIDE PLAZA SUITE 400, CHICAGO IL, 60606. The real estate investment trust can be reached via phone at 312-474-1300 or via email at [email protected]
MarketBeat Community Rating for Equity Residential (EQR)MarketBeat's community ratings are surveys of what our community members think about Equity Residential and other stocks. Vote "Outperform" if you believe EQR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe EQR will underperform the S&P 500 over the long term. You may vote once every thirty days.
Equity Residential (NYSE:EQR) Price Target and Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
16 Wall Street analysts have issued ratings and price targets for Equity Residential in the last 12 months. Their average twelve-month price target is $66.60, suggesting that the stock has a possible upside of 10.76%. The high price target for EQR is $75.00 and the low price target for EQR is $60.00. There are currently 10 hold ratings and 6 buy ratings for the stock, resulting in a consensus rating of "Hold."
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Hold||Hold|
|Consensus Rating Score: ||2.38||2.29||2.27||2.14|
|Ratings Breakdown: ||0 Sell Rating(s)|
10 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
10 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
9 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
10 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$66.60||$66.3750||$68.6429||$67.9231|
|Price Target Upside: ||10.76% upside||10.31% upside||12.20% upside||1.15% upside|
Equity Residential (NYSE:EQR) Consensus Price Target History
Equity Residential (NYSE:EQR) Analyst Ratings History
(Data available from 4/25/2016 forward)
Equity Residential (NYSE:EQR) Dividend Information
Equity Residential pays an annual dividend of $2.16 per share, with a dividend yield of 3.59%. EQR's most recent quarterly dividend payment was Friday, April 13. Equity Residential pays out 69.01% of its earnings out as a dividend.
|Most Recent Dividend:||4/13/2018|
|Dividend Growth:||-2.10% (3 Year Average)|
|Payout Ratio:||69.01% (Trailing 12 Months of Earnings) |
67.08% (Based on This Year's Estimates)
64.29% (Based on Next Year's Estimates)
Equity Residential (NYSE:EQR) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Equity Residential (NYSE EQR) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 3.79%
Institutional Ownership Percentage: 94.22%
Equity Residential (NYSE EQR) Insider Trading History
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|2/7/2018||David S. Santee||COO||Sell||5,589||$58.18||$325,168.02|| |
|2/7/2018||Ian Kaufman||Insider||Sell||684||$58.18||$39,795.12|| |
|2/7/2018||Mark J. Parrell||CFO||Sell||7,355||$58.18||$427,913.90|| |
|2/7/2018||Scott Fenster||EVP||Sell||449||$58.18||$26,122.82|| |
|11/10/2017||Alexander Brackenridge||Insider||Sell||6,497||$69.41||$450,956.77|| |
|11/8/2017||David J Neithercut||CEO||Sell||100,000||$70.17||$7,017,000.00|| |
|11/7/2017||Alan W George||Insider||Sell||84,326||$69.47||$5,858,127.22|| |
|11/6/2017||Bruce C. Strohm||EVP||Sell||22,906||$69.21||$1,585,324.26|| |
|11/3/2017||Mark J. Parrell||CFO||Sell||45,400||$68.00||$3,087,200.00|| |
|11/3/2017||Mark J. Parrell||Insider||Sell||50,000||$68.00||$3,400,000.00|| |
|11/1/2017||Mark J. Parrell||CFO||Sell||1,600||$68.01||$108,816.00|| |
|10/30/2017||Samuel Zell||Chairman||Sell||91,651||$67.17||$6,156,197.67|| |
|9/8/2017||Bruce C. Strohm||EVP||Sell||10,000||$68.50||$685,000.00|| |
|8/24/2017||David J Neithercut||CEO||Sell||75,000||$68.10||$5,107,500.00|| |
|8/23/2017||Bruce C. Strohm||EVP||Sell||25,000||$68.00||$1,700,000.00|| |
|8/23/2017||David J Neithercut||CEO||Sell||49,369||$68.02||$3,358,079.38|| |
|8/9/2017||Mark S Shapiro||Director||Sell||2,853||$67.30||$192,006.90||2,573|| |
|8/8/2017||Michael L. Manelis||Insider||Sell||433||$67.03||$29,023.99|| |
|8/2/2017||David S. Santee||Insider||Sell||10,967||$67.93||$744,988.31|| |
|6/8/2017||David S. Santee||Insider||Sell||14,028||$67.27||$943,663.56|| |
|6/7/2017||Bruce C. Strohm||EVP||Sell||1,686||$67.23||$113,349.78|| |
|6/2/2017||Alan W. George||Insider||Sell||28,157||$65.93||$1,856,391.01|| |
|5/22/2017||Michael L. Manelis||Insider||Sell||1,000||$65.63||$65,630.00|| |
|2/9/2017||Michael L. Manelis||Insider||Sell||1,500||$61.35||$92,025.00|| |
|2/7/2017||David S. Santee||Insider||Sell||5,633||$60.46||$340,571.18|| |
|12/28/2016||David S. Santee||Insider||Sell||3,000||$62.75||$188,250.00|| |
|12/16/2016||Alan W. George||Insider||Sell||25,000||$64.00||$1,600,000.00|| |
|12/14/2016||Samuel Zell||Chairman||Sell||110,542||$62.85||$6,947,564.70|| |
|12/7/2016||David S. Santee||Insider||Sell||17||$62.63||$1,064.71|| |
|3/30/2016||Mark N Tennison||EVP||Sell||52,293||$74.85||$3,914,131.05||43,174|| |
|3/29/2016||Bruce C Strohm||EVP||Sell||9,552||$74.00||$706,848.00||18,913|| |
|3/29/2016||Mark J Parrell||CFO||Sell||36,874||$74.40||$2,743,425.60||64,626|| |
|3/21/2016||Charles L Atwood||Director||Sell||4,000||$74.11||$296,440.00||2,491|| |
|3/18/2016||David J Neithercut||CEO||Sell||100,000||$74.69||$7,469,000.00|| |
|3/17/2016||Alan W George||EVP||Sell||20,000||$74.15||$1,483,000.00||104,668|| |
|3/16/2016||David S Santee||COO||Sell||26,982||$73.20||$1,975,082.40||63,279|| |
|3/15/2016||Alexander Brackenridge||EVP||Sell||1,364||$72.31||$98,630.84||22,430|| |
|3/15/2016||Ian Kaufman||CAO||Sell||1,108||$72.31||$80,119.48||15,743|| |
|3/14/2016||B Joseph White||Director||Sell||6,162||$72.68||$447,854.16||10,695|| |
|3/11/2016||Bruce C Strohm||EVP||Sell||1,564||$72.00||$112,608.00||9,361|| |
|2/9/2016||Barry Altshuler||EVP||Sell||560||$72.23||$40,448.80|| |
|2/9/2016||Ian Kaufman||CAO||Sell||622||$72.15||$44,877.30|| |
|12/31/2015||John W. Alexander||Director||Sell||15,022||$81.59||$1,225,644.98||70,041|| |
|12/30/2015||Alan W. George||EVP||Sell||17,971||$82.00||$1,473,622.00||72,942|| |
|12/29/2015||Bruce C. Strohm||EVP||Sell||25,000||$81.54||$2,038,500.00||1,565|| |
|12/22/2015||Alan W. George||EVP||Sell||25,000||$81.00||$2,025,000.00||72,942|| |
|12/22/2015||John W Alexander||Director||Sell||16,491||$80.08||$1,320,599.28||73,041|| |
|12/18/2015||Gerald A Spector||Vice Chairman||Sell||88,250||$79.91||$7,052,057.50||273,707|| |
|12/17/2015||David J Neithercut||CEO||Sell||118,558||$80.04||$9,489,382.32|| |
|12/17/2015||John W. Alexander||Director||Sell||15,697||$80.25||$1,259,684.25||73,041|| |
|12/16/2015||Mark N. Tennison||EVP||Sell||13,306||$80.62||$1,072,729.72||10,881|| |
|12/2/2015||Mark N. Tennison||EVP||Sell||32,100||$80.59||$2,586,939.00||10,881|| |
|11/25/2015||Alan W. George||EVP||Sell||25,000||$80.00||$2,000,000.00||72,942|| |
|11/23/2015||Mark N. Tennison||EVP||Sell||16,770||$80.08||$1,342,941.60||10,881|| |
|11/3/2015||John Powers||EVP||Sell||1,500||$79.52||$119,280.00||1,565|| |
|11/2/2015||David S. Santee||COO||Sell||32,161||$79.85||$2,568,055.85||38,456|| |
|10/28/2015||Mark N. Tennison||EVP||Sell||25,312||$80.55||$2,038,881.60||10,881|| |
|10/27/2015||Mark J. Parrell||CFO||Sell||27,894||$80.29||$2,239,609.26||16,519|| |
|9/18/2015||B Joseph White||Director||Sell||3,042||$72.11||$219,358.62||4,533|| |
|9/3/2015||B Joseph White||Director||Sell||3,547||$70.44||$249,850.68||4,533|| |
|6/29/2015||B Joseph White||Director||Sell||22,243||$71.10||$1,581,477.30|| |
|3/23/2015||David J Neithercut||CEO||Sell||49,649||$80.42||$3,992,772.58|| |
|3/23/2015||John W Alexander||Director||Sell||15,097||$81.46||$1,229,801.62|| |
|3/20/2015||Bruce C Strohm||EVP||Sell||2,178||$81.15||$176,744.70|| |
|3/19/2015||Ian Kaufman||CAO||Sell||5,433||$80.00||$434,640.00|| |
|3/19/2015||John E Neal||Director||Sell||8,653||$79.92||$691,547.76|| |
|3/18/2015||Bruce C Strohm||EVP||Sell||10,767||$80.34||$865,020.78|| |
|2/20/2015||Mark N Tennison||EVP||Sell||1,277||$78.65||$100,436.05|| |
|2/12/2015||John W Alexander||Director||Sell||7,443||$80.00||$595,440.00|| |
|2/5/2015||Mark N Tennison||EVP||Sell||1,703||$80.27||$136,699.81|| |
|1/2/2015||John W Alexander||Director||Sell||2,137||$73.47||$157,005.39|| |
|12/23/2014||David S Santee||COO||Sell||20,000||$74.51||$1,490,200.00|| |
|12/22/2014||Bruce C Strohm||EVP||Sell||14,137||$74.36||$1,051,227.32|| |
|12/22/2014||John E Neal||Director||Sell||8,947||$73.50||$657,604.50|| |
|12/3/2014||Gerald A Spector||Chairman||Sell||145,013||$71.09||$10,308,974.17|| |
|11/28/2014||Alan W George||EVP||Sell||25,000||$71.15||$1,778,750.00|| |
|11/14/2014||John E Neal||Director||Sell||4,304||$69.26||$298,095.04|| |
|11/11/2014||Mark J Parrell||CFO||Sell||38,178||$70.00||$2,672,460.00|| |
|11/5/2014||Alan W George||EVP||Sell||25,000||$70.00||$1,750,000.00|| |
|11/5/2014||David J Neithercut||CEO||Sell||50,000||$70.02||$3,501,000.00|| |
|11/3/2014||B Joseph White||Director||Sell||7,597||$70.22||$533,461.34|| |
|11/3/2014||David S Santee||COO||Sell||12,132||$70.15||$851,059.80|| |
|10/31/2014||Bruce C Strohm||EVP||Sell||15,000||$69.13||$1,036,950.00|| |
|10/31/2014||John E Neal||Director||Sell||15,093||$68.50||$1,033,870.50|| |
|10/30/2014||Charles L Atwood||Director||Sell||29,210||$67.43||$1,969,630.30|| |
|9/8/2014||John Powers||EVP||Sell||5,650||$67.65||$382,222.50|| |
|9/5/2014||Alan W George||EVP||Sell||15,000||$67.00||$1,005,000.00|| |
|9/5/2014||B Joseph White||Director||Sell||3,549||$66.92||$237,499.08|| |
|9/5/2014||Ian Kaufman||CAO||Sell||5,655||$67.00||$378,885.00|| |
|8/20/2014||Bruce C Strohm||EVP||Sell||20,000||$67.11||$1,342,200.00|| |
|8/20/2014||Mark J Parrell||CFO||Sell||16,805||$66.39||$1,115,683.95|| |
|8/19/2014||Mark N Tennison||EVP||Sell||1,500||$66.67||$100,005.00|| |
|8/14/2014||David J Neithercut||CEO||Sell||42,603||$66.00||$2,811,798.00|| |
|8/12/2014||Alan W George||EVP||Sell||5,839||$64.90||$378,951.10|| |
|8/11/2014||Gerald A Spector||Chairman||Sell||72,939||$65.50||$4,777,504.50|| |
|8/8/2014||David S Santee||COO||Sell||25,244||$65.00||$1,640,860.00|| |
|8/4/2014||Samuel Zell||Chairman||Sell||2,000,000||$64.85||$129,700,000.00|| |
|7/31/2014||Gerald A Spector||Chairman||Sell||33,048||$65.32||$2,158,695.36|| |
|6/27/2014||David J Neithercut||CEO||Sell||75,000||$63.17||$4,737,750.00|| |
|6/27/2014||John Powers||EVP||Sell||1,474||$63.20||$93,156.80|| |
|6/25/2014||Bruce C Strohm||EVP||Sell||3,381||$63.01||$213,036.81|| |
|6/5/2014||Bruce C Strohm||EVP||Sell||25,063||$63.05||$1,580,222.15|| |
|5/12/2014||Mark Parrell||CFO||Sell||25,730||$61.96||$1,594,230.80|| |
|5/12/2014||Mark Tennison||EVP||Sell||4,054||$62.30||$252,564.20||10,881|| |
|5/8/2014||John Powers||EVP||Sell||1,474||$62.01||$91,402.74||2,974|| |
|5/6/2014||Bruce Strohm||EVP||Sell||6,806||$60.92||$414,621.52||4,316|| |
|5/2/2014||Bruce Strohm||EVP||Sell||5,000||$60.10||$300,500.00||4,316|| |
|5/2/2014||David Santee||COO||Sell||8,405||$60.21||$506,065.05||25,960|| |
|3/19/2014||Charles Atwood||Director||Sell||4,743||$57.85||$274,382.55||15,636|| |
|3/4/2014||Bruce Strohm||EVP||Sell||5,000||$59.03||$295,150.00||4,316|| |
|2/21/2014||B Joseph White||Director||Sell||4,445||$58.84||$261,543.80||4,877|| |
|2/14/2014||Mark Tennison||EVP||Sell||4,968||$58.58||$291,025.44||10,881|| |
|2/12/2014||Alan George||EVP||Sell||5,005||$58.03||$290,440.15||71,378|| |
|2/12/2014||David Santee||COO||Sell||8,405||$58.03||$487,742.15||25,960|| |
|2/11/2014||Ian Kaufman||CAO||Sell||1,615||$58.00||$93,670.00||12,662|| |
|2/7/2014||Mark Parrell||CFO||Sell||30,436||$56.31||$1,713,851.16|| |
|6/28/2013||David S Santee||COO||Sell||1,976||$58.55||$115,694.80|| |
|6/28/2013||Mark N Tennison||EVP||Sell||4,861||$58.52||$284,465.72|| |
|6/26/2013||Alan W George||EVP||Sell||2,765||$57.13||$157,964.45|| |
|5/20/2013||David S Santee||COO||Sell||10,000||$59.95||$599,500.00|| |
|5/20/2013||Gerald A Spector||Chairman||Sell||88,447||$60.02||$5,308,588.94|| |
|5/20/2013||Mark J Parrell||CFO||Sell||27,361||$59.77||$1,635,366.97|| |
|5/20/2013||Mark N Tennison||EVP||Sell||3,680||$60.18||$221,462.40|| |
|5/17/2013||David S Santee||COO||Sell||12,937||$59.38||$768,199.06|| |
|5/14/2013||Alan W George||EVP||Sell||9,533||$59.22||$564,544.26|| |
|9/17/2012||Alan W George||EVP||Sell||4,154||$60.24||$250,236.96|| |
|9/5/2012||Bruce C Strohm||EVP||Sell||31,613||$60.47||$1,911,638.11|| |
Equity Residential (NYSE EQR) News Headlines
Equity Residential (NYSE:EQR) SEC Filings
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Equity Residential (NYSE:EQR) Income Statement, Balance Sheet and Cash Flow Statement
Equity Residential (NYSE EQR) Stock Chart for Wednesday, April, 25, 2018