Equity Residential (NYSE:EQR) – Analysts at Jefferies Group issued their FY2017 EPS estimates for Equity Residential in a note issued to investors on Thursday, according to Zacks Investment Research. Jefferies Group analyst O. Okusanya anticipates that the real estate investment trust will earn $3.11 per share for the year.
A number of other research analysts have also recently issued reports on the company. Zacks Investment Research cut Equity Residential from a “hold” rating to a “sell” rating in a research note on Tuesday. Robert W. Baird reissued a “hold” rating and issued a $65.00 target price on shares of Equity Residential in a research note on Tuesday. BMO Capital Markets reaffirmed a “hold” rating and set a $69.00 price objective on shares of Equity Residential in a research report on Monday, November 27th. Mizuho raised Equity Residential from a “neutral” rating to a “buy” rating and set a $76.00 price objective for the company in a research report on Monday, November 6th. Finally, Stifel Nicolaus reduced their price objective on 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 research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. Equity Residential has an average rating of “Hold” and a consensus price target of $69.13.
Equity Residential (NYSE EQR) traded down $0.50 during trading hours on Monday, reaching $60.96. The company’s stock had a trading volume of 1,677,739 shares, compared to its average volume of 1,709,767. Equity Residential has a 1 year low of $59.49 and a 1 year high of $70.46. 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 firm has a market capitalization of $22,400.00, a PE ratio of 21.02, a price-to-earnings-growth ratio of 3.05 and a beta of 0.36.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Tuesday, January 2nd will be given a dividend of $0.5038 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $2.02 annualized dividend and a dividend yield of 3.31%. Equity Residential’s dividend payout ratio is currently 69.66%.
In related news, insider Alexander Brackenridge sold 6,497 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $69.41, for a total transaction of $450,956.77. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mark J. Parrell sold 50,000 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $68.00, for a total value of $3,400,000.00. The disclosure for this sale can be found here. Insiders have sold 402,380 shares of company stock valued at $27,663,622 over the last ninety days. 3.79% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bessemer Group Inc. raised its holdings in Equity Residential by 124.6% during the second quarter. Bessemer Group Inc. now owns 1,572 shares of the real estate investment trust’s stock worth $103,000 after acquiring an additional 872 shares in the last quarter. D.A. Davidson & CO. raised its holdings in Equity Residential by 4.1% during the second quarter. D.A. Davidson & CO. now owns 1,873 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 73 shares in the last quarter. Amica Retiree Medical Trust bought a new stake in Equity Residential during the third quarter worth about $135,000. Zions Bancorporation raised its holdings in Equity Residential by 3,348.4% during the third quarter. Zions Bancorporation now owns 2,138 shares of the real estate investment trust’s stock worth $141,000 after acquiring an additional 2,076 shares in the last quarter. Finally, Americafirst Capital Management LLC bought a new stake in Equity Residential during the third quarter worth about $171,000. Institutional investors and hedge funds own 94.03% 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.
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