Equity Residential (NYSE:EQR) – Equities researchers at Capital One Financial Corp. increased their Q4 2016 earnings estimates for shares of Equity Residential in a research report issued on Tuesday. Capital One Financial Corp. analyst T. Lesnick now forecasts that the brokerage will post earnings of $0.79 per share for the quarter, up from their previous estimate of $0.78. Capital One Financial Corp. currently has a “Equal Weight” rating on the stock.

Equity Residential (NYSE:EQR) last issued its quarterly earnings results on Tuesday, October 25th. The real estate investment trust reported $0.77 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by $0.01. Equity Residential had a return on equity of 39.22% and a net margin of 167.17%. The firm had revenue of $606.07 million for the quarter, compared to analysts’ expectations of $602.10 million. During the same quarter in the previous year, the firm posted $0.89 earnings per share. The firm’s revenue for the quarter was down 13.0% compared to the same quarter last year.

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

A number of other research analysts also recently issued reports on EQR. Deutsche Bank AG restated a “hold” rating and set a $74.00 price target (up previously from $73.00) on shares of Equity Residential in a research note on Monday, July 18th. Mizuho downgraded Equity Residential from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $73.00 to $60.00 in a research note on Wednesday, July 27th. BMO Capital Markets downgraded Equity Residential from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $76.00 to $70.00 in a research note on Wednesday, July 27th. Jefferies Group reiterated a “hold” rating and issued a $62.00 target price on shares of Equity Residential in a research note on Wednesday, July 27th. Finally, Cantor Fitzgerald downgraded Equity Residential from a “buy” rating to a “hold” rating and lowered their target price for the company from $75.00 to $68.00 in a research note on Thursday, July 28th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the stock. Equity Residential presently has a consensus rating of “Hold” and a consensus target price of $70.03.

Shares of Equity Residential (NYSE:EQR) opened at 59.98 on Thursday. The stock has a market capitalization of $21.93 billion, a PE ratio of 5.23 and a beta of 0.37. Equity Residential has a 12 month low of $59.29 and a 12 month high of $82.39. The company’s 50 day moving average price is $61.84 and its 200 day moving average price is $65.89.

Institutional investors have recently added to or reduced their stakes in the company. Keeley Asset Management Corp boosted its position in Equity Residential by 0.5% in the second quarter. Keeley Asset Management Corp now owns 5,765 shares of the real estate investment trust’s stock worth $397,000 after buying an additional 26 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in Equity Residential by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 11,560 shares of the real estate investment trust’s stock worth $744,000 after buying an additional 30 shares during the period. 1st Global Advisors Inc. boosted its position in Equity Residential by 0.5% in the third quarter. 1st Global Advisors Inc. now owns 13,985 shares of the real estate investment trust’s stock worth $900,000 after buying an additional 65 shares during the period. Lebenthal Holdings LLC boosted its position in Equity Residential by 3.3% in the second quarter. Lebenthal Holdings LLC now owns 3,312 shares of the real estate investment trust’s stock worth $228,000 after buying an additional 107 shares during the period. Finally, Balasa Dinverno & Foltz LLC boosted its position in Equity Residential by 1.5% in the third quarter. Balasa Dinverno & Foltz LLC now owns 8,213 shares of the real estate investment trust’s stock worth $528,000 after buying an additional 118 shares during the period. 94.14% of the stock is owned by institutional investors.

The company also recently disclosed a special dividend, which was paid on Friday, October 14th. Investors of record on Monday, September 26th were issued a dividend of $3.00 per share. The ex-dividend date was Thursday, September 22nd. This represents a yield of 3.17%. Equity Residential’s dividend payout ratio is presently 17.63%.

Equity Residential Company Profile

Equity Residential is a real estate investment trust. The Company is focused on the acquisition, development and management of apartment properties in various markets of the United States. The Company’s segments include Boston, New York, San Francisco, Seattle, Southern California, Washington DC, Non-core – South Florida, Non-core – Denver, and Non-core – other.

5 Day Chart for NYSE:EQR

Receive News & Stock Ratings for Equity Residential Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity Residential and related stocks with our FREE daily email newsletter.