Equity Residential Forecasted to Earn FY2018 Earnings of $3.17 Per Share (EQR)

Equity Residential (NYSE:EQR) – Cantor Fitzgerald reduced their FY2018 earnings per share (EPS) estimates for shares of Equity Residential in a research note issued on Tuesday. Cantor Fitzgerald analyst G. Mehta now anticipates that the real estate investment trust will post earnings of $3.17 per share for the year, down from their previous estimate of $3.25. Cantor Fitzgerald has a “Hold” rating and a $66.00 price objective on the stock. Cantor Fitzgerald also issued estimates for Equity Residential’s FY2019 earnings at $3.39 EPS.

Other equities research analysts have also issued research reports about the stock. SunTrust Banks set a $69.00 price objective on shares of Equity Residential and gave the stock a “buy” rating in a research note on Monday, January 22nd. Edward Jones upgraded shares of Equity Residential from a “hold” rating to a “buy” rating in a research note on Tuesday, January 16th. Mizuho upgraded shares of Equity Residential from a “neutral” rating to a “buy” rating and set a $76.00 price objective on the stock in a research note on Monday, November 6th. TheStreet lowered shares of Equity Residential from a “b” rating to a “c+” rating in a research note on Tuesday, October 24th. Finally, Stifel Nicolaus dropped their price objective on shares of Equity Residential from $71.00 to $68.00 and set a “hold” rating on the stock in a research note on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. Equity Residential currently has an average rating of “Hold” and an average price target of $67.87.

Equity Residential (NYSE EQR) traded up $1.39 on Thursday, reaching $56.65. 3,150,000 shares of the company traded hands, compared to its average volume of 2,140,000. The firm has a market capitalization of $21,340.00, a price-to-earnings ratio of 36.08, a price-to-earnings-growth ratio of 2.70 and a beta of 0.34. Equity Residential has a 52-week low of $55.21 and a 52-week high of $70.46. The company has a current ratio of 0.29, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86.

Equity Residential (NYSE:EQR) last issued its earnings results on Tuesday, January 30th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.47). The company had revenue of $630.50 million during the quarter, compared to analyst estimates of $625.83 million. Equity Residential had a net margin of 24.39% and a return on equity of 5.76%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.79 EPS.

The company also recently declared a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd were paid a $0.5038 dividend. The ex-dividend date was Friday, December 29th. This represents a $2.02 annualized dividend and a dividend yield of 3.56%. Equity Residential’s payout ratio is currently 128.66%.

In other Equity Residential news, COO David S. Santee sold 5,589 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $58.18, for a total value of $325,168.02. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ian Kaufman sold 684 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $58.18, for a total transaction of $39,795.12. The disclosure for this sale can be found here. Insiders sold 14,077 shares of company stock worth $819,000 in the last 90 days. 3.79% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the business. Forsta AP Fonden boosted its holdings in shares of Equity Residential by 33.7% in the third quarter. Forsta AP Fonden now owns 147,700 shares of the real estate investment trust’s stock valued at $9,738,000 after acquiring an additional 37,200 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Equity Residential by 157.8% in the second quarter. Janus Henderson Group PLC now owns 677,944 shares of the real estate investment trust’s stock valued at $44,632,000 after acquiring an additional 414,959 shares in the last quarter. Honeywell International Inc. boosted its holdings in shares of Equity Residential by 27.8% in the third quarter. Honeywell International Inc. now owns 92,269 shares of the real estate investment trust’s stock valued at $6,083,000 after acquiring an additional 20,043 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Equity Residential by 15.4% in the third quarter. Wells Fargo & Company MN now owns 790,718 shares of the real estate investment trust’s stock valued at $52,132,000 after acquiring an additional 105,328 shares in the last quarter. Finally, Cohen & Steers Inc. boosted its holdings in shares of Equity Residential by 109.4% in the third quarter. Cohen & Steers Inc. now owns 14,548,725 shares of the real estate investment trust’s stock valued at $959,197,000 after acquiring an additional 7,600,203 shares in the last quarter. Institutional investors own 93.88% of the company’s stock.

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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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