Equity Residential (EQR) Scheduled to Post Earnings on Tuesday

Equity Residential (NYSE:EQR) is scheduled to release its earnings data after the market closes on Tuesday, January 30th. Analysts expect Equity Residential to post earnings of $0.35 per share for the quarter.

Equity Residential (NYSE:EQR) last announced its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.42). Equity Residential had a return on equity of 7.22% and a net margin of 30.88%. On average, analysts expect Equity Residential to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of Equity Residential (NYSE:EQR) opened at $61.18 on Tuesday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.86. The company has a market cap of $22,220.00, a P/E ratio of 21.10, a PEG ratio of 2.94 and a beta of 0.36. Equity Residential has a 12 month low of $59.49 and a 12 month high of $70.46.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Tuesday, January 2nd were given a dividend of $0.5038 per share. The ex-dividend date was Friday, December 29th. This represents a $2.02 annualized dividend and a yield of 3.29%. Equity Residential’s dividend payout ratio (DPR) is 69.66%.

In other Equity Residential news, Chairman Samuel Zell sold 91,651 shares of Equity Residential stock in a transaction that occurred on 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 filing with the SEC, which is accessible through this link. Also, CEO David J. Neithercut sold 100,000 shares of Equity Residential stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $70.17, for a total transaction of $7,017,000.00. The disclosure for this sale can be found here. Insiders have sold 402,380 shares of company stock worth $27,663,622 in the last ninety days. Insiders own 3.79% of the company’s stock.

EQR has been the subject of several recent research reports. Zacks Investment Research lowered shares of Equity Residential from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Royal Bank of Canada restated a “hold” rating and set a $70.00 target price on shares of Equity Residential in a research report on Friday, October 20th. SunTrust Banks set a $71.00 target price on shares of Equity Residential and gave the company a “buy” rating in a research report on Tuesday, October 24th. TheStreet lowered shares of Equity Residential from a “b” rating to a “c+” rating in a research report on Tuesday, October 24th. Finally, Stifel Nicolaus cut their target price on shares of Equity Residential from $71.00 to $68.00 and set a “hold” rating for the company in a research report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $69.13.

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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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