Equity Residential (NYSE:EQR) – Research analysts at Jefferies Group issued their Q3 2017 EPS estimates for shares of Equity Residential in a report issued on Friday. Jefferies Group analyst O. Okusanya expects that the real estate investment trust will post earnings per share of $0.78 for the quarter. Jefferies Group currently has a “Hold” rating and a $65.00 target price on the stock. Jefferies Group also issued estimates for Equity Residential’s Q4 2017 earnings at $0.80 EPS, FY2017 earnings at $3.10 EPS and FY2018 earnings at $3.34 EPS.

Other research analysts also recently issued reports about the company. UBS AG downgraded Equity Residential from a “buy” rating to a “neutral” rating and set a $68.00 price objective for the company. in a research report on Thursday, July 6th. BidaskClub upgraded Equity Residential from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. BMO Capital Markets restated a “hold” rating and set a $66.00 price objective on shares of Equity Residential in a research report on Thursday, May 25th. Royal Bank Of Canada restated a “hold” rating on shares of Equity Residential in a research report on Monday, July 31st. Finally, Zacks Investment Research upgraded Equity Residential from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $68.21.

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Shares of Equity Residential (EQR) opened at 68.09 on Monday. Equity Residential has a 52-week low of $58.28 and a 52-week high of $68.83. The stock has a market capitalization of $25.01 billion, a price-to-earnings ratio of 30.47 and a beta of 0.36. The stock has a 50 day moving average price of $67.46 and a 200-day moving average price of $65.37.

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 (EPS) for the quarter, meeting analysts’ consensus estimates of $0.77. The business had revenue of $612.48 million during 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 business’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.76 earnings per share.

A number of hedge funds have recently added to or reduced their stakes in the business. Toronto Dominion Bank grew its stake in shares of Equity Residential by 25.6% during the 2nd quarter. Toronto Dominion Bank now owns 124,375 shares of the real estate investment trust’s stock valued at $8,186,000 after buying an additional 25,330 shares during the period. Dynamic Technology Lab Private Ltd grew its stake in shares of Equity Residential by 1.8% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 3,558 shares of the real estate investment trust’s stock valued at $235,000 after buying an additional 64 shares during the period. Gofen & Glossberg LLC IL grew its stake in shares of Equity Residential by 2.6% during the 2nd quarter. Gofen & Glossberg LLC IL now owns 39,864 shares of the real estate investment trust’s stock valued at $2,624,000 after buying an additional 1,005 shares during the period. Koch Industries Inc. grew its stake in shares of Equity Residential by 10,279.5% during the 2nd quarter. Koch Industries Inc. now owns 383,938 shares of the real estate investment trust’s stock valued at $378,000 after buying an additional 380,239 shares during the period. Finally, 1st Global Advisors Inc. grew its stake in shares of Equity Residential by 1.6% during the 2nd quarter. 1st Global Advisors Inc. now owns 15,020 shares of the real estate investment trust’s stock valued at $989,000 after buying an additional 241 shares during the period. 91.11% of the stock is owned by hedge funds and other institutional investors.

In other Equity Residential news, CEO David J. Neithercut sold 49,369 shares of Equity Residential stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $68.02, for a total value of $3,358,079.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael L. Manelis sold 433 shares of Equity Residential stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $67.03, for a total transaction of $29,023.99. The disclosure for this sale can be found here. Insiders sold a total of 163,622 shares of company stock valued at $11,131,599 over the last ninety days. 3.79% of the stock is owned by corporate insiders.

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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