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NYSE:EQREquity Residential Stock Price, Forecast & News

$60.18
+2.78 (+4.84 %)
(As of 05/26/2020 01:27 PM ET)
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Today's Range
$58.94
Now: $60.18
$60.38
50-Day Range
$54.26
MA: $62.92
$69.79
52-Week Range
$49.62
Now: $60.18
$89.55
Volume68,637 shs
Average Volume2.85 million shs
Market Capitalization$22.39 billion
P/E Ratio19.17
Dividend Yield4.20%
Beta0.67
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 307 properties consisting of 79,482 apartment units, primarily located in Boston, New York, Washington, D.C., Seattle, San Francisco, Southern California and Denver.
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Equity Residential logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.9Community Rank: 1.8Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.94 out of 5 stars


Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryResidential REITs
SectorFinance
CUSIP29476L10
Phone312-474-1300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.70 billion
Cash Flow$5.25 per share
Book Value$28.29 per share

Profitability

Net Income$970.38 million

Miscellaneous

Employees2,700
Market Cap$22.39 billion
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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Equity Residential (NYSE:EQR) Frequently Asked Questions

How has Equity Residential's stock been impacted by COVID-19 (Coronavirus)?

Equity Residential's stock was trading at $75.10 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, EQR stock has decreased by 19.9% and is now trading at $60.18. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Equity Residential?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Equity Residential in the last year. There are currently 3 sell ratings, 12 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Equity Residential.

When is Equity Residential's next earnings date?

Equity Residential is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Equity Residential.

How were Equity Residential's earnings last quarter?

Equity Residential (NYSE:EQR) posted its quarterly earnings data on Tuesday, May, 5th. The real estate investment trust reported $0.83 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.87 by $0.04. The real estate investment trust had revenue of $682.31 million for the quarter, compared to the consensus estimate of $686.02 million. Equity Residential had a net margin of 43.16% and a return on equity of 11.20%. The company's quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.82 earnings per share. View Equity Residential's earnings history.

How often does Equity Residential pay dividends? What is the dividend yield for Equity Residential?

Equity Residential declared a quarterly dividend on Thursday, March 12th. Shareholders of record on Monday, March 23rd will be paid a dividend of $0.6025 per share on Monday, April 13th. This represents a $2.41 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend is Friday, March 20th. This is a boost from Equity Residential's previous quarterly dividend of $0.57. View Equity Residential's dividend history.

What price target have analysts set for EQR?

16 brokerages have issued 12-month price objectives for Equity Residential's stock. Their forecasts range from $56.00 to $89.00. On average, they anticipate Equity Residential's stock price to reach $72.77 in the next year. This suggests a possible upside of 20.9% from the stock's current price. View analysts' price targets for Equity Residential.

Has Equity Residential been receiving favorable news coverage?

Media coverage about EQR stock has trended positive recently, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative news coverage by monitoring more than six thousand blog and news 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 3.0 on InfoTrie's scale. They also assigned news headlines about the real estate investment trust a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news aboutEquity Residential.

Are investors shorting Equity Residential?

Equity Residential saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 4,810,000 shares, a decline of 5.5% from the April 30th total of 5,090,000 shares. Based on an average daily trading volume, of 2,570,000 shares, the days-to-cover ratio is currently 1.9 days. Approximately 1.3% of the company's stock are sold short. View Equity Residential's Current Options Chain.

Who are some of Equity Residential's key competitors?

What other stocks do shareholders of Equity Residential own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Equity Residential investors own include Exxon Mobil (XOM), NVIDIA (NVDA), Boeing (BA), Cisco Systems (CSCO), Simon Property Group (SPG), AT&T (T), Johnson & Johnson (JNJ), AbbVie (ABBV), Caterpillar (CAT) and Intel (INTC).

Who are Equity Residential's key executives?

Equity Residential's management team includes the following people:
  • Mr. Samuel Zell J.D., Founder & Chairman (Age 77)
  • Mr. Mark J. Parrell, Pres, CEO & Trustee (Age 52)
  • Mr. Alan W. George, Exec. VP & Chief Investment Officer (Age 61)
  • Mr. David S. Santee, Exec. VP of Property Operations (Age 60)
  • Mr. Robert A. Garechana, Exec. VP & CFO (Age 40)

What is Equity Residential's stock symbol?

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

Who are Equity Residential's major shareholders?

Equity Residential's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.05%), State Street Corp (6.51%), APG Asset Management US Inc. (3.81%), Cohen & Steers Inc. (2.63%), Geode Capital Management LLC (1.87%) and PGGM Investments (1.74%). Company insiders that own Equity Residential stock include Alan W George, Alexander Brackenridge, Barry Altshuler, Charles L Atwood, Christa L Sorenson, David J Neithercut, David S Santee, Gerald A Spector, Ian Kaufman, Linda Bynoe, Mark J Parrell, Mark S Shapiro, Michael L Manelis, Robert Garechana, Samuel Zell and Scott Fenster. View institutional ownership trends for Equity Residential.

Which institutional investors are selling Equity Residential stock?

EQR stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Franklin Resources Inc., Squarepoint Ops LLC, Healthcare of Ontario Pension Plan Trust Fund, Wells Fargo & Company MN, Janus Henderson Group PLC, Principal Financial Group Inc., and Resolution Capital Ltd. Company insiders that have sold Equity Residential company stock in the last year include Alan W George, Alexander Brackenridge, Barry Altshuler, Charles L Atwood, Christa L Sorenson, David J Neithercut, Ian Kaufman, Mark S Shapiro, Michael L Manelis, Robert Garechana, Samuel Zell, and Scott Fenster. View insider buying and selling activity for Equity Residential.

Which institutional investors are buying Equity Residential stock?

EQR stock was acquired by a variety of institutional investors in the last quarter, including Cohen & Steers Inc., First Eagle Investment Management LLC, Invesco Ltd., Sumitomo Mitsui Trust Holdings Inc., Blackstone Group Inc, Canada Pension Plan Investment Board, JPMorgan Chase & Co., and Centersquare Investment Management LLC. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Equity Residential's stock price today?

One share of EQR stock can currently be purchased for approximately $60.18.

How big of a company is Equity Residential?

Equity Residential has a market capitalization of $22.39 billion and generates $2.70 billion in revenue each year. The real estate investment trust earns $970.38 million in net income (profit) each year or $3.49 on an earnings per share basis. Equity Residential employs 2,700 workers across the globe.

What is Equity Residential's official website?

The official website for Equity Residential is www.eqr.com.

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]

This page was last updated on 5/26/2020 by MarketBeat.com Staff

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