Equity Residential Company Profile (NYSE:EQR)

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

Equity Residential declared a quarterly dividend on Thursday, June 15th. Investors of record on Monday, June 26th will be paid a dividend of $0.5038 per share on Friday, July 14th. This represents a $2.02 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend is Thursday, June 22nd. View Equity Residential's Dividend History.

Equity Residential (NYSE:EQR) released its quarterly earnings results on Tuesday, April, 25th. The company reported $0.74 EPS for the quarter, hitting analysts' consensus estimates of $0.74. The company had revenue of $604.10 million for the quarter, compared to analyst estimates of $605.69 million. Equity Residential had a return on equity of 7.46% and a net margin of 35.18%. Equity Residential's revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the prior 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, July, 25th 2017. View Earnings Estimates for Equity Residential.

Equity Residential updated its second quarter earnings guidance on Tuesday, April, 25th. The company provided earnings per share (EPS) guidance of $0.75-0.79 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.77.

16 analysts have issued 1 year price targets 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 $67.15 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), 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), New Senior Investment Group (SNR) and Altisource Residential Corporation (RESI).

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 many different of institutional and retail investors. Top institutional shareholders include Bank of Montreal Can (0.15%), National Pension Service (0.10%), Chevy Chase Trust Holdings Inc. (0.09%), State of Alaska Department of Revenue (0.05%), Aperio Group LLC (0.04%) and State Treasurer State of Michigan (0.03%). 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, 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 Bank of Montreal Can, Denali Advisors LLC, State of Alaska Department of Revenue, Exxonmobil Investment Management Inc. TX, NN Investment Partners Holdings N.V., DnB Asset Management AS, Oakbrook Investments LLC and Daiwa SB Investments Ltd.. Company insiders that have sold Equity Residential stock in the last year include Alan W George, Bruce C Strohm, David S Santee, 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 Mn Services Vermogensbeheer B.V., National Pension Service, Aperio Group LLC, Manning & Napier Advisors LLC, US Bancorp DE, Nisa Investment Advisors LLC, North Star Investment Management Corp. and Xact Kapitalforvaltning AB. 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 $67.16.