Equity Residential (NYSE:EQR) – Investment analysts at Jefferies Group boosted their Q4 2017 EPS estimates for shares of Equity Residential in a research report issued to clients and investors on Tuesday. Jefferies Group analyst O. Okusanya now anticipates that the real estate investment trust will post earnings of $0.81 per share for the quarter, up from their prior forecast of $0.80.

Equity Residential (NYSE:EQR) last released its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.42). Equity Residential had a return on equity of 7.22% and a net margin of 30.88%.

A number of other equities research analysts have also issued reports on the stock. TheStreet lowered shares of Equity Residential from a “b” rating to a “c+” rating in a report on Tuesday, October 24th. Zacks Investment Research lowered shares of Equity Residential from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Robert W. Baird reaffirmed a “hold” rating and set a $70.00 target price on shares of Equity Residential in a report on Friday, November 10th. Royal Bank of Canada reaffirmed a “hold” rating and set a $70.00 target price on shares of Equity Residential in a report on Friday, October 20th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $69.00 target price on shares of Equity Residential in a report on Monday, November 27th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. Equity Residential has an average rating of “Hold” and an average price target of $69.13.

Shares of Equity Residential (EQR) opened at $60.85 on Thursday. Equity Residential has a 1-year low of $59.49 and a 1-year high of $70.46. The stock has a market cap of $22,295.30, a price-to-earnings ratio of 29.83, a PEG ratio of 2.95 and a beta of 0.36. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Tuesday, January 2nd were issued a $0.5038 dividend. This represents a $2.02 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date was Friday, December 29th. Equity Residential’s dividend payout ratio is currently 99.02%.

In other Equity Residential news, Chairman Samuel Zell sold 91,651 shares of the stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $67.17, for a total transaction of $6,156,197.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mark J. Parrell sold 1,600 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $68.01, for a total transaction of $108,816.00. The disclosure for this sale can be found here. Insiders sold 402,380 shares of company stock valued at $27,663,622 in the last three months. 3.79% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in EQR. Cohen & Steers Inc. boosted its stake in Equity Residential by 109.4% during the third quarter. Cohen & Steers Inc. now owns 14,548,725 shares of the real estate investment trust’s stock worth $959,197,000 after buying an additional 7,600,203 shares during the period. Daiwa Securities Group Inc. boosted its stake in Equity Residential by 113.9% during the third quarter. Daiwa Securities Group Inc. now owns 7,724,194 shares of the real estate investment trust’s stock worth $509,256,000 after buying an additional 4,112,438 shares during the period. JPMorgan Chase & Co. boosted its stake in Equity Residential by 125.5% during the third quarter. JPMorgan Chase & Co. now owns 3,461,798 shares of the real estate investment trust’s stock worth $227,925,000 after buying an additional 1,926,438 shares during the period. FMR LLC boosted its stake in Equity Residential by 16.4% during the second quarter. FMR LLC now owns 6,697,809 shares of the real estate investment trust’s stock worth $440,917,000 after buying an additional 945,524 shares during the period. Finally, Old Mutual Global Investors UK Ltd. boosted its stake in Equity Residential by 162.2% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 963,613 shares of the real estate investment trust’s stock worth $63,531,000 after buying an additional 596,149 shares during the period. 94.04% of the stock is owned by institutional investors.

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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.

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

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