Equity Residential (NYSE:EQR) is scheduled to announce its earnings results after the market closes on Tuesday, October 24th. Analysts expect the company to announce earnings of $0.33 per share for the quarter. Equity Residential has set its Q3 guidance at $0.77-0.81 EPS and its FY17 guidance at $3.08-3.14 EPS.

Equity Residential (NYSE:EQR) last released its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.77 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.77. Equity Residential had a return on equity of 7.92% and a net margin of 33.99%. The firm had revenue of $612.48 million during the quarter, compared to analysts’ expectations of $609.37 million. During the same period in the previous year, the firm posted $0.76 EPS. Equity Residential’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, analysts expect Equity Residential to post $3.11 EPS for the current fiscal year and $3.25 EPS for the next fiscal year.

Equity Residential (NYSE:EQR) opened at 67.27 on Tuesday. The company’s 50-day moving average price is $66.83 and its 200 day moving average price is $66.12. Equity Residential has a 1-year low of $58.28 and a 1-year high of $68.83. The firm has a market capitalization of $24.71 billion, a PE ratio of 30.10 and a beta of 0.37.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Monday, September 25th were given a $0.5038 dividend. This represents a $2.02 annualized dividend and a yield of 3.00%. The ex-dividend date was Friday, September 22nd. Equity Residential’s dividend payout ratio (DPR) is presently 90.58%.

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EQR has been the topic of several research reports. Stifel Nicolaus initiated coverage on Equity Residential in a research report on Friday, September 1st. They issued a “hold” rating and a $71.00 price objective on the stock. Barclays PLC raised their target price on Equity Residential from $65.00 to $66.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 1st. BMO Capital Markets restated a “hold” rating and set a $68.00 target price on shares of Equity Residential in a research note on Wednesday, September 6th. BidaskClub downgraded Equity Residential from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. Finally, TheStreet upgraded Equity Residential from a “c+” rating to a “b” rating in a research note on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. Equity Residential currently has a consensus rating of “Hold” and a consensus target price of $68.15.

In related news, EVP Bruce C. Strohm sold 10,000 shares of Equity Residential stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $68.50, for a total value of $685,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David J. Neithercut sold 75,000 shares of Equity Residential stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $68.10, for a total value of $5,107,500.00. The disclosure for this sale can be found here. Insiders sold 173,622 shares of company stock valued at $11,816,599 over the last quarter. Insiders own 3.79% of the company’s stock.

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 for Equity Residential (NYSE:EQR)

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