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. Stockholders of record on Monday, September 25th will be paid a dividend of $0.5038 per share on Friday, October 13th. This represents a $2.02 annualized dividend and a dividend 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) released its quarterly earnings data on Tuesday, July, 25th. The company reported $0.77 EPS for the quarter, hitting analysts' consensus estimates of $0.77. The business had revenue of $612.48 million for the quarter, compared to analyst estimates of $609.37 million. Equity Residential had a net margin of 33.99% and a return on equity of 7.92%. Equity Residential's revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 earnings per share. 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 updated its FY17 earnings guidance on Tuesday, July, 25th. The company provided earnings per share guidance of $3.08-3.14 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.11. Equity Residential also updated its Q3 guidance to $0.77-0.81 EPS.

13 analysts have issued 1-year price targets for Equity Residential's stock. Their forecasts range from $62.00 to $75.00. On average, they anticipate Equity Residential's share price to reach $67.75 in the next twelve months. 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 outperformed the Zacks categorized REIT and Equity Trust – Residential industry over the past three months. Moreover, estimates have been stable lately ahead of the company’s second quarter earnings release. Moving ahead, Equity Residential is expected to benefit from its efforts to reposition its portfolio in high barrier-to-entry/core markets, favorable demographics, lifestyle transformation and creation of new households. The company’s current focus is on the acquisition and development of assets primarily in six core coastal metropolitan areas – Boston, New York, Washington D.C., Southern California (including Los Angeles, Orange County and San Diego), San Francisco and Seattle.  Also, there is solid rental demand through the nation’s coastal gateway cities. But amid high apartment supply, new lease rates is likely to remain under pressure." (7/18/2017)
• 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), Apartment Investment and Management Company (AIV), Sun Communities (SUI), 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), New Senior Investment Group (SNR) and Preferred Apartment Communities (APTS).

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 Vanguard Group Inc. (14.27%), BlackRock Inc. (9.42%), State Street Corp (5.86%), APG Asset Management US Inc. (4.10%), Macquarie Group Ltd. (3.40%) and Lasalle Investment Management Securities LLC (2.69%). 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 Lasalle Investment Management Securities LLC, Bank of New York Mellon Corp, Balyasny Asset Management LLC, Macquarie Group Ltd., Cbre Clarion Securities LLC, AXA, Royal Bank of Canada and WINTON GROUP Ltd. 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 bought by a variety of institutional investors in the last quarter, including FMR LLC, JPMorgan Chase & Co., Resolution Capital Ltd, BlackRock Inc., PGGM Investments, Janus Henderson Group PLC, Canada Pension Plan Investment Board and Koch Industries Inc.. 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 $66.09.