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. Shareholders of record on Monday, June 26th will be given a dividend of $0.5038 per share on Friday, July 14th. This represents a $2.02 annualized dividend and a yield of 3.05%. The ex-dividend date is Thursday, June 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 earnings per share for the quarter, hitting the consensus estimate of $0.77. The business earned $612.48 million during the quarter, compared to analyst estimates of $609.37 million. Equity Residential had a return on equity of 7.46% and a net margin of 35.18%. The business's revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.76 earnings per share. View Equity Residential's Earnings History.

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.

16 brokers have issued 12 month price targets for Equity Residential's stock. Their forecasts range from $60.00 to $75.00. On average, they anticipate Equity Residential's stock price to reach $67.15 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 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 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 a number of of institutional and retail investors. Top institutional shareholders include APG Asset Management US Inc. (4.10%), PGGM Investments (1.95%), APG Asset Management N.V. (0.29%), Russell Investments Group Ltd. (0.25%), Bank of Montreal Can (0.15%) and MEAG MUNICH ERGO AssetManagement GmbH (0.10%). 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 APG Asset Management N.V., Russell Investments Group Ltd., Meag Munich Ergo Kapitalanlagegesellschaft MBH, Bank of Montreal Can, Denali Advisors LLC, State of Alaska Department of Revenue, Exxonmobil Investment Management Inc. TX and NN Investment Partners Holdings N.V.. 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 purchased by a variety of institutional investors in the last quarter, including PGGM Investments, APG Asset Management US Inc., Forsta AP Fonden, Mn Services Vermogensbeheer B.V., National Pension Service, Aperio Group LLC, Manning & Napier Advisors LLC and US Bancorp DE. 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 $66.07.