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
Current SymbolNYSE:EQR
Previous Symbol
CUSIP29476L10
Phone312-474-1300
Debt
Debt-to-Equity Ratio0.85
Current Ratio0.13
Quick Ratio0.13
Price-To-Earnings
Trailing P/E Ratio21.63
Forward P/E Ratio20.77
P/E Growth3.45
Sales & Book Value
Annual Sales$2.47 billion
Price / Sales10.09
Cash Flow$3.7632 per share
Price / Cash17.99
Book Value$28.40 per share
Price / Book2.38
Profitability
EPS (Most Recent Fiscal Year)$3.13
Net Income$603.45 million
Net Margins26.01%
Return on Equity6.37%
Return on Assets3.25%
Miscellaneous
Employees2,700
Outstanding Shares368,440,000
Market Cap$24.86 billion
OptionableOptionable
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. Shareholders of record on Monday, September 24th will be paid a dividend of $0.54 per share on Friday, October 12th. This represents a $2.16 annualized dividend and a yield of 3.18%. 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) released its quarterly earnings data on Tuesday, October, 23rd. The real estate investment trust reported $0.60 EPS for the quarter, missing the consensus estimate of $0.83 by $0.23. The real estate investment trust had revenue of $652.87 million for the quarter, compared to the consensus estimate of $645.77 million. Equity Residential had a return on equity of 6.37% and a net margin of 26.01%. The business's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.37 earnings per share. View Equity Residential's Earnings History.
When is Equity Residential's next earnings date?
How can I listen to Equity Residential's earnings call?
Equity Residential will be holding an earnings conference call on Wednesday, January 30th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.
What guidance has Equity Residential issued on next quarter's earnings?
Equity Residential updated its fourth quarter earnings guidance on Tuesday, October, 23rd. The company provided earnings per share (EPS) guidance of $0.84-0.86 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.85. Equity Residential also updated its FY 2018 guidance to $3.25-3.27 EPS.
What price target have analysts set for EQR?
17 analysts have issued twelve-month price objectives for Equity Residential's shares. Their forecasts range from $62.00 to $76.00. On average, they expect Equity Residential's stock price to reach $68.3333 in the next year. This suggests a possible upside of 0.7% from the stock's current price. View Analyst Price Targets for Equity Residential.
What is the consensus analysts' recommendation for Equity Residential?
17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Equity Residential in the last year. There are currently 11 hold ratings and 6 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. According to Zacks Investment Research, "Equity Residential reported third-quarter 2018 normalized funds from operations (FFO) per share of 83 cents, in line with the Zacks Consensus Estimate and 3.7% higher than the year-ago quarter. Results reflected improved same-store net operating income (NOI) and lease-up NOI, partly offset by higher total interest expenses. Elevated demand and focus on customer service aided high occupancy level, low turnover and strong renewal rates. Therefore, the company expects 2018 same-store revenue growth at the high end of its forecasts. Equity Residential is poised for growth amid economic recovery and job-market growth, favorable demographics, lifestyle transformation, and creation of households. Moreover, shares of Equity Residential outperformed its industry in three months’ time. Nevertheless, elevated supply in a number of its markets may strain rental rates and result in high concessions. Furthermore, rate hike remains another concern." (10/26/2018)
- 2. 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)
Has Equity Residential been receiving favorable news coverage?
Headlines about EQR stock have been trending neutral on Tuesday, InfoTrie reports. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Equity Residential earned a news impact score of 0.2 on InfoTrie's scale. They also assigned media stories about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the next few days.
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), Welltower (WELL), AvalonBay Communities (AVB), DIGITAL RLTY TR/SH (DLR), Ventas (VTR), Weyerhaeuser (WY), SBA Communications (SBAC), Boston Properties (BXP), Brookfield Property Reit (BPR) and Realty Income (O).
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)
Who are Equity Residential's major shareholders?
Equity Residential's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.58%), FMR LLC (2.78%), JPMorgan Chase & Co. (1.56%), Dimensional Fund Advisors LP (1.51%), Resolution Capital Ltd (0.96%) and Bank of New York Mellon Corp (0.87%). Company insiders that own Equity Residential stock include Alan W George, Alexander Brackenridge, Barry Altshuler, Bruce C Strohm, Christa L Sorenson, 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 Daiwa Securities Group Inc., Mitsubishi UFJ Trust & Banking Corp, FMR LLC, Ontario Teachers Pension Plan Board, SG Americas Securities LLC, FIL Ltd, Swiss National Bank and Clinton Group Inc.. Company insiders that have sold Equity Residential company stock in the last year include Barry Altshuler, Christa L Sorenson, David J Neithercut, David S Santee, Gerald A Spector, Ian Kaufman, Mark J Parrell, Michael L Manelis 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 BlackRock Inc., Panagora Asset Management Inc., Los Angeles Capital Management & Equity Research Inc., Martingale Asset Management L P, Canada Pension Plan Investment Board, Russell Investments Group Ltd., Virginia Retirement Systems ET AL and Bank of Montreal Can. 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 $67.83.
How big of a company is Equity Residential?
Equity Residential has a market capitalization of $24.86 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.
What is Equity Residential's official website?
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.
