Equity Residential (NYSE:EQR) – Equities researchers at SunTrust Banks increased their Q4 2018 earnings per share (EPS) 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 earn $0.86 per share for the quarter, up from their previous forecast of $0.85. SunTrust Banks has a “Buy” rating and a $71.00 price target on the stock. SunTrust Banks also issued estimates for Equity Residential’s FY2021 earnings at $3.72 EPS.

A number of other research firms have also issued reports on EQR. Stifel Nicolaus initiated coverage on shares of Equity Residential in a research note on Friday, September 1st. They set a “hold” rating and a $71.00 target price for the company. Barclays PLC boosted their target price on shares of Equity Residential from $65.00 to $66.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 1st. TheStreet lowered shares of Equity Residential from a “b” rating to a “c+” rating in a research note on Tuesday, October 24th. BMO Capital Markets reissued a “hold” rating and set a $68.00 target price on shares of Equity Residential in a research note on Wednesday, September 6th. Finally, Zacks Investment Research raised shares of Equity Residential from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $68.36.

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Equity Residential (NYSE:EQR) traded down 0.10% during trading on Monday, reaching $67.58. 315,741 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $66.71 and a 200 day moving average price of $66.36. Equity Residential has a 1-year low of $58.28 and a 1-year high of $68.83. The stock has a market capitalization of $24.82 billion, a P/E ratio of 30.24 and a beta of 0.37.

The business also recently declared a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Monday, September 25th were paid a $0.5038 dividend. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date was Friday, September 22nd. Equity Residential’s dividend payout ratio is currently 99.02%.

In related news, EVP Bruce C. Strohm sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $68.00, for a total value of $1,700,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO David J. Neithercut sold 75,000 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $68.10, for a total transaction of $5,107,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 173,622 shares of company stock valued at $11,816,599. Company insiders own 3.79% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bessemer Group Inc. raised its holdings in shares of Equity Residential by 124.6% in the 2nd quarter. Bessemer Group Inc. now owns 1,572 shares of the real estate investment trust’s stock worth $103,000 after purchasing an additional 872 shares in the last quarter. D.A. Davidson & CO. raised its holdings in shares of Equity Residential by 4.1% in the 2nd quarter. D.A. Davidson & CO. now owns 1,873 shares of the real estate investment trust’s stock worth $123,000 after purchasing an additional 73 shares in the last quarter. Sun Life Financial INC raised its holdings in shares of Equity Residential by 22,450.0% in the 2nd quarter. Sun Life Financial INC now owns 2,706 shares of the real estate investment trust’s stock worth $178,000 after purchasing an additional 2,694 shares in the last quarter. Girard Partners LTD. bought a new stake in shares of Equity Residential in the 2nd quarter worth approximately $209,000. Finally, Prudential PLC bought a new stake in shares of Equity Residential in the 2nd quarter worth approximately $209,000. Institutional investors and hedge funds own 90.94% 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 and Estimates for Equity Residential (NYSE:EQR)

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