NYSE:EQR - Equity Residential Stock Price, News, & Analysis

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$70.40 +0.28 (+0.40 %)
(As of 01/23/2019 07:15 AM ET)
Previous Close$70.12
Today's Range$69.64 - $70.43
52-Week Range$54.97 - $72.75
Volume1.86 million shs
Average Volume1.38 million shs
Market Capitalization$25.94 billion
P/E Ratio22.49
Dividend Yield3.08%
Beta0.49
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.

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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$2.47 billion
Cash Flow$3.7667 per share
Book Value$28.40 per share

Profitability

Net Income$603.45 million

Miscellaneous

Employees2,700
Market Cap$25.94 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 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date is Monday, December 31st. View Equity Residential's Dividend History.

How were Equity Residential's earnings last quarter?

Equity Residential (NYSE:EQR) announced its quarterly earnings data on Tuesday, October, 23rd. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.83 by $0.23. The real estate investment trust earned $652.87 million during the quarter, compared to analysts' expectations of $645.77 million. Equity Residential had a return on equity of 6.37% and a net margin of 26.01%. The firm's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.37 EPS. View Equity Residential's Earnings History.

When is Equity Residential's next earnings date?

Equity Residential is scheduled to release their next quarterly earnings announcement on Tuesday, January 29th 2019. View Earnings Estimates for Equity Residential.

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 price target have analysts set for EQR?

16 equities research analysts have issued 12-month price targets for Equity Residential's shares. 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 that the stock has a possible downside of 2.1%. View Analyst Price Targets for Equity Residential.

What is the consensus analysts' recommendation for Equity Residential?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Equity Residential in the last year. There are currently 10 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 articles about EQR stock have been trending positive on Wednesday, InfoTrie Sentiment reports. The research group scores the sentiment of press coverage by reviewing 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 positive five, with scores closest to five being the most favorable. Equity Residential earned a media sentiment score of 2.8 on InfoTrie's scale. They also gave media headlines about the real estate investment trust a news buzz of 8.0 out of 10, meaning that recent press coverage is very likely to have an impact on the stock's share price in the next several days.

Who are some of Equity Residential's key competitors?

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 institutional and retail investors. Top institutional shareholders include Resolution Capital Ltd (1.18%), State of Alaska Department of Revenue (0.05%), Gulf International Bank UK Ltd (0.02%), LGT Capital Partners LTD. (0.02%), Contravisory Investment Management Inc. (0.02%) and Nisa Investment Advisors LLC (0.02%). 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 institutional investors are selling Equity Residential stock?

EQR stock was sold by a variety of institutional investors in the last quarter, including Gulf International Bank UK Ltd, LGT Capital Partners LTD., Nisa Investment Advisors LLC, Oakbrook Investments LLC, DNB Asset Management AS, Louisiana State Employees Retirement System, Gofen & Glossberg LLC IL and American Investment Services Inc.. 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 institutional investors are buying Equity Residential stock?

EQR stock was purchased by a variety of institutional investors in the last quarter, including Resolution Capital Ltd, Contravisory Investment Management Inc., KAMES CAPITAL plc, Fox Run Management L.L.C., NuWave Investment Management LLC, First Hawaiian Bank, State of Alaska Department of Revenue and Gateway Investment Advisers LLC. 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 $70.40.

How big of a company is Equity Residential?

Equity Residential has a market capitalization of $25.94 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?

The official website for Equity Residential is http://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]


MarketBeat Community Rating for Equity Residential (NYSE EQR)

Community Ranking:  1.7 out of 5 (star)
Outperform Votes:  374 (Vote Outperform)
Underperform Votes:  740 (Vote Underperform)
Total Votes:  1,114
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.
This page was last updated on 1/23/2019 by MarketBeat.com Staff

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