Equity Residential (NYSE:EQR) – Analysts at SunTrust Banks boosted their Q3 2017 earnings estimates for Equity Residential in a research note issued to investors on Thursday. SunTrust Banks analyst M. Lewis now forecasts that the real estate investment trust will post earnings of $0.79 per share for the quarter, up from their previous estimate of $0.78. SunTrust Banks also issued estimates for Equity Residential’s Q2 2018 earnings at $0.82 EPS.

A number of other analysts have also recently weighed in on EQR. UBS AG cut shares of Equity Residential from a “buy” rating to a “neutral” rating and set a $68.00 price objective on the stock. in a report on Thursday, July 6th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $67.00 price objective on shares of Equity Residential in a report on Monday, July 17th. Zacks Investment Research raised shares of Equity Residential from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a report on Tuesday, July 18th. BMO Capital Markets reaffirmed a “hold” rating and issued a $66.00 price objective on shares of Equity Residential in a report on Thursday, May 25th. Finally, Barclays PLC reaffirmed a “hold” rating and issued a $65.00 price objective on shares of Equity Residential in a report on Tuesday, May 16th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the stock. Equity Residential has an average rating of “Hold” and an average price target of $67.67.

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Equity Residential (NYSE:EQR) opened at 67.50 on Friday. The company’s 50 day moving average is $66.64 and its 200-day moving average is $64.21. The stock has a market cap of $24.78 billion, a PE ratio of 29.35 and a beta of 0.33. Equity Residential has a 52-week low of $58.28 and a 52-week high of $68.83.

Equity Residential (NYSE:EQR) last posted its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.77 earnings per share for the quarter, meeting the consensus estimate of $0.77. The business had revenue of $612.48 million during the quarter, compared to analysts’ expectations of $609.37 million. Equity Residential had a net margin of 33.99% and a return on equity of 7.92%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.76 EPS.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Equity Residential by 2,486.4% in the first quarter. BlackRock Inc. now owns 33,800,889 shares of the real estate investment trust’s stock valued at $2,103,090,000 after buying an additional 32,494,035 shares during the last quarter. Macquarie Group Ltd. boosted its position in shares of Equity Residential by 1,425.3% in the fourth quarter. Macquarie Group Ltd. now owns 12,050,701 shares of the real estate investment trust’s stock valued at $775,583,000 after buying an additional 11,260,624 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Equity Residential by 266.0% in the first quarter. American Century Companies Inc. now owns 1,981,160 shares of the real estate investment trust’s stock valued at $123,268,000 after buying an additional 1,439,915 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Equity Residential by 2.2% in the first quarter. Vanguard Group Inc. now owns 52,348,375 shares of the real estate investment trust’s stock valued at $3,257,116,000 after buying an additional 1,140,042 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Equity Residential by 64.5% in the first quarter. Bank of America Corp DE now owns 2,443,018 shares of the real estate investment trust’s stock valued at $152,006,000 after buying an additional 957,684 shares during the last quarter. Institutional investors own 91.95% of the company’s stock.

In other news, insider Michael L. Manelis sold 1,000 shares of the firm’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $65.63, for a total transaction of $65,630.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alan W. George sold 28,157 shares of the firm’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $65.93, for a total transaction of $1,856,391.01. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,871 shares of company stock valued at $2,979,034. Insiders own 3.79% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Monday, June 26th were given a dividend of $0.5038 per share. The ex-dividend date of this dividend was Thursday, June 22nd. This represents a $2.02 annualized dividend and a dividend yield of 2.99%. Equity Residential’s dividend payout ratio (DPR) is 90.58%.

About Equity Residential

Equity Residential is a real estate investment trust. The Company’s primary business is the acquisition, development and management of multifamily residential properties. Its segments include Boston, New York, Washington DC, Southern California, San Francisco, Seattle and Other Markets. Southern California includes Los Angeles, San Diego and Orange County.

Earnings History and Estimates for Equity Residential (NYSE:EQR)

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