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 304 properties consisting of 78,645 apartment units, primarily located in Boston, New York, Washington, D.C., Seattle, San Francisco and Southern California.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryResidential REITs
SectorFinance
SymbolNYSE:EQR
CUSIP29476L10
Phone312-474-1300
Debt
Debt-to-Equity Ratio0.84
Current Ratio0.16
Quick Ratio0.16
Price-To-Earnings
Trailing P/E Ratio21.72
Forward P/E Ratio20.89
P/E Growth3.47
Sales & Book Value
Annual Sales$2.47 billion
Price / Sales10.09
Cash Flow$3.79 per share
Price / Cash17.86
Book Value$28.40 per share
Price / Book2.38
Profitability
EPS (Most Recent Fiscal Year)$3.13
Net Income$603.45 million
Net Margins23.27%
Return on Equity5.63%
Return on Assets2.87%
Miscellaneous
Employees2,700
Outstanding Shares368,280,000
Market Cap$24.68 billion
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 Friday, September 14th. Investors of record on Monday, September 24th will be given a dividend of $0.54 per share on Friday, October 12th. This represents a $2.16 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Friday, September 21st. View Equity Residential's Dividend History.
How were Equity Residential's earnings last quarter?
Equity Residential (NYSE:EQR) issued its quarterly earnings results on Tuesday, July, 24th. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.01. The real estate investment trust earned $639.62 million during the quarter, compared to analysts' expectations of $637.34 million. Equity Residential had a net margin of 23.27% and a return on equity of 5.63%. The company's revenue was up 4.5% compared to the same quarter last year. During the same period last year, the business posted $0.77 earnings per share. 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 issued an update on its FY18 earnings guidance on Tuesday, July, 24th. The company provided earnings per share (EPS) guidance of $3.22-3.28 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.22. Equity Residential also updated its Q3 guidance to $0.81-0.85 EPS.
What price target have analysts set for EQR?
15 brokers have issued 1-year price targets for Equity Residential's shares. Their predictions range from $61.00 to $76.00. On average, they anticipate Equity Residential's share price to reach $67.5714 in the next twelve months. This suggests that the stock has a possible downside of 0.1%. View Analyst Price Targets for Equity Residential.
What is the consensus analysts' recommendation for Equity Residential?
15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Equity Residential in the last year. There are currently 11 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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 In/SH SH (CCI), Prologis (PLD), Public Storage (PSA), Equinix (EQIX), Weyerhaeuser (WY), AvalonBay Communities (AVB), DIGITAL RLTY TR/SH (DLR), Welltower (WELL), UNIBAIL-RODAMCO/ADR (UNRDY), GGP (GGP), Ventas (VTR), Boston Properties (BXP) and SBA Communications (SBAC).
Who are Equity Residential's key executives?
Equity Residential's management team includes the folowing people:
- Mr. Samuel Zell J.D., Founder & Chairman (Age 76)
- Mr. David J. Neithercut, CEO & Trustee (Age 62)
- Mr. Mark J. Parrell, Pres (Age 51)
- Mr. Alan W. George, Exec. VP & Chief Investment Officer (Age 60)
- Mr. David S. Santee, Exec. VP of Property Operations (Age 59)
Has Equity Residential been receiving favorable news coverage?
Media coverage about EQR stock has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Equity Residential earned a media and rumor sentiment score of 0.18 on Accern's scale. They also gave media stories about the real estate investment trust an impact score of 46.57 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near term. View Recent Headlines for Equity Residential.
Who are Equity Residential's major shareholders?
Equity Residential's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (10.36%), Macquarie Group Ltd. (3.21%), FMR LLC (2.89%), Northern Trust Corp (1.79%), Boston Partners (1.75%) and Dimensional Fund Advisors LP (1.51%). Company insiders that own Equity Residential stock include Alan W George, Alexander Brackenridge, Barry Altshuler, Bruce C Strohm, David J Neithercut, David S Santee, Gerald A Spector, Ian Kaufman, Mark J Parrell, Mark S Shapiro, Michael L Manelis, Samuel Zell and Scott Fenster. View Institutional Ownership Trends for Equity Residential.
Which major investors are selling Equity Residential stock?
EQR stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Daiwa Securities Group Inc., Bank of America Corp DE, Adelante Capital Management LLC, Duff & Phelps Investment Management Co., Canada Pension Plan Investment Board, Strs Ohio and Sei Investments Co.. Company insiders that have sold Equity Residential company stock in the last year include Alan W George, Alexander Brackenridge, Barry Altshuler, Bruce C Strohm, David J Neithercut, David S Santee, Gerald A Spector, Ian Kaufman, Mark J Parrell, Michael L Manelis, Samuel Zell and Scott Fenster. View Insider Buying and Selling for Equity Residential.
Which major investors are buying Equity Residential stock?
EQR stock was bought by a variety of institutional investors in the last quarter, including Boston Partners, BlackRock Inc., Millennium Management LLC, Resolution Capital Ltd, Commonwealth Bank of Australia, FMR LLC, Cbre Clarion Securities LLC and Stevens Capital Management LP. View Insider Buying and Selling for Equity Residential.
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 $67.65.
How big of a company is Equity Residential?
Equity Residential has a market capitalization of $24.68 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 (NYSE 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.
