Equity Residential (NYSE:EQR) has been assigned a consensus recommendation of “Hold” from the sixteen analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $68.00.

A number of equities analysts have recently commented on EQR shares. Evercore ISI lifted their price objective on Equity Residential from $62.00 to $63.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 19th. Barclays PLC lifted their price objective on Equity Residential from $65.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 1st. BMO Capital Markets reiterated a “hold” rating and issued a $66.00 price objective on shares of Equity Residential in a research note on Thursday, May 25th. Zacks Investment Research upgraded Equity Residential from a “sell” rating to a “hold” rating in a research note on Tuesday, April 18th. Finally, BidaskClub lowered Equity Residential from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st.

In other Equity Residential news, insider Alan W. George sold 28,157 shares of Equity Residential stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $65.93, for a total transaction of $1,856,391.01. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael L. Manelis sold 1,000 shares of Equity Residential stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $65.63, for a total value of $65,630.00. The disclosure for this sale can be found here. Insiders have sold 59,124 shares of company stock worth $3,945,054 over the last 90 days. Corporate insiders own 3.79% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Anchor Capital Advisors LLC increased its stake in Equity Residential by 1.4% in the first quarter. Anchor Capital Advisors LLC now owns 3,625 shares of the real estate investment trust’s stock worth $226,000 after buying an additional 50 shares during the last quarter. Delta Asset Management LLC TN increased its stake in Equity Residential by 2.9% in the first quarter. Delta Asset Management LLC TN now owns 2,012 shares of the real estate investment trust’s stock worth $125,000 after buying an additional 57 shares during the last quarter. D.A. Davidson & CO. increased its stake in Equity Residential by 4.1% in the second quarter. D.A. Davidson & CO. now owns 1,873 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 73 shares during the last quarter. Financial Architects Inc increased its stake in Equity Residential by 5.9% in the first quarter. Financial Architects Inc now owns 1,694 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 94 shares during the last quarter. Finally, Cleararc Capital Inc. increased its stake in Equity Residential by 1.1% in the first quarter. Cleararc Capital Inc. now owns 8,993 shares of the real estate investment trust’s stock worth $560,000 after buying an additional 100 shares during the last quarter. 92.39% of the stock is currently owned by institutional investors.

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Shares of Equity Residential (EQR) traded down 0.39% during midday trading on Friday, reaching $66.82. The company’s stock had a trading volume of 814,262 shares. The stock has a market capitalization of $24.54 billion, a P/E ratio of 29.90 and a beta of 0.34. Equity Residential has a 12 month low of $58.28 and a 12 month high of $68.83. The stock’s 50-day moving average is $66.58 and its 200 day moving average is $64.48.

Equity Residential (NYSE:EQR) last posted its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.77 EPS for the quarter, hitting analysts’ consensus estimates of $0.77. The business had revenue of $612.48 million for the quarter, compared to analyst estimates of $609.37 million. Equity Residential had a return on equity of 7.92% and a net margin of 33.99%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.76 earnings per share. On average, analysts expect that Equity Residential will post $1.41 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Monday, June 26th were paid 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 yield of 3.00%. Equity Residential’s dividend payout ratio is 90.58%.

Equity Residential Company Profile

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.

Analyst Recommendations for Equity Residential (NYSE:EQR)

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