Equity Residential is an S&P 500 company focused on the acquisition, development and management of rental apartment properties located in urban and high-density suburban markets where today's renters want to live, work and play. Equity Residential owns or has investments in 306 properties consisting of 79,260 apartment units, primarily located in Boston, New York, Washington, D.C., Seattle, San Francisco, Southern California and Denver.
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 Ratio21.83
Forward P/E Ratio20.96
P/E Growth3.53
Sales & Book Value
Annual Sales$2.47 billion
Price / Sales10.19
Cash Flow$3.6652 per share
Price / Cash Flow18.64
Book Value$28.40 per share
Price / Book2.41
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$25.77 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 declared a quarterly dividend on Thursday, December 13th. Shareholders of record on Wednesday, January 2nd will be paid a dividend of $0.54 per share on Friday, January 11th. This represents a $2.16 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Monday, December 31st. View Equity Residential's Dividend History.
How were Equity Residential's earnings last quarter?
Equity Residential (NYSE:EQR) announced its earnings results on Tuesday, October, 23rd. The real estate investment trust reported $0.60 EPS for the quarter, missing the Zacks' consensus estimate of $0.83 by $0.23. The real estate investment trust had revenue of $652.87 million for the quarter, compared to analysts' expectations of $645.77 million. Equity Residential had a net margin of 26.01% and a return on equity of 6.37%. The business's revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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 issued an update on its fourth quarter earnings guidance on Tuesday, October, 23rd. The company provided earnings per share 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 targets for Equity Residential's stock. Their forecasts range from $62.00 to $76.00. On average, they expect Equity Residential's share price to reach $68.9375 in the next year. This suggests a possible upside of 0.9% 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, "Shares of Equity Residential outperformed its industry in six months’ time. The company is poised for growth amid economic recovery and job market growth, favorable demographics, lifestyle transformation, and creation of households. Its third-quarter 2018 results highlight improved same-store net operating income (NOI) and lease-up NOI. Elevated demand and focus on customer service aided occupancy level and renewal rates. Further, the company is expected to benefit from its efforts to reposition the company’s portfolio in high barrier-to-entry/core markets. However, new apartment supply across its markets is likely to continue to put pressure on new lease rates, occupancy, retention and result in high concessions as well. Furthermore, rate hike remains another concern." (11/27/2018)
- 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?
News headlines about EQR stock have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Equity Residential earned a news impact score of 1.9 on InfoTrie's scale. They also assigned news headlines about the real estate investment trust a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several 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), Realty Income (O), SBA Communications (SBAC), Boston Properties (BXP), Weyerhaeuser (WY) and Essex Property Trust (ESS).
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 a variety of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (12.80%), Vanguard Group Inc (12.80%), BlackRock Inc. (10.58%), Macquarie Group Ltd. (3.19%), FMR LLC (2.78%) and Morgan Stanley (1.65%). 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 Franklin Resources Inc., Daiwa Securities Group Inc., Mitsubishi UFJ Trust & Banking Corp, FMR LLC, TIAA CREF Investment Management LLC, Eaton Vance Management, Ontario Teachers Pension Plan Board and SG Americas Securities LLC. Company insiders that have sold Equity Residential company stock in the last year include Alan W George, Barry Altshuler, Christa L Sorenson, 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 acquired by a variety of institutional investors in the last quarter, including Morgan Stanley, BlackRock Inc., Cohen & Steers Inc., Panagora Asset Management Inc., Los Angeles Capital Management & Equity Research Inc., Martingale Asset Management L P, Canada Pension Plan Investment Board and Russell Investments Group Ltd.. 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 $68.32.
How big of a company is Equity Residential?
Equity Residential has a market capitalization of $25.77 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.
