Equity Residential (NYSE:EQR) is set to announce its earnings results after the market closes on Tuesday, April 24th. Analysts expect the company to announce earnings of $0.31 per share for the quarter. Equity Residential has set its Q1 guidance at $0.74-0.78 EPS and its FY18 guidance at $3.17-3.27 EPS.
Equity Residential (NYSE:EQR) last posted its quarterly earnings data on Tuesday, January 30th. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.47). Equity Residential had a net margin of 24.39% and a return on equity of 5.76%. The business had revenue of $630.50 million during the quarter, compared to the consensus estimate of $625.83 million. During the same period in the prior year, the company posted $0.79 earnings per share. The firm’s revenue was up 4.2% compared to the same quarter last year. On average, analysts expect Equity Residential to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
EQR opened at $61.68 on Tuesday. Equity Residential has a 1-year low of $54.97 and a 1-year high of $70.46. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.29 and a quick ratio of 0.29. The company has a market capitalization of $22,697.66, a PE ratio of 19.71, a price-to-earnings-growth ratio of 3.21 and a beta of 0.34.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 13th. Stockholders of record on Monday, March 26th were given a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 3.50%. This is a boost from Equity Residential’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, March 23rd. Equity Residential’s dividend payout ratio is currently 69.01%.
Several equities research analysts have recently weighed in on EQR shares. Robert W. Baird reissued a “hold” rating and issued a $65.00 price objective on shares of Equity Residential in a research report on Tuesday, January 9th. Zacks Investment Research cut Equity Residential from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Edward Jones raised Equity Residential from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th. SunTrust Banks set a $69.00 price objective on Equity Residential and gave the company a “buy” rating in a research report on Monday, January 22nd. Finally, Stifel Nicolaus reduced their price objective on Equity Residential from $64.00 to $60.00 and set a “hold” rating for the company in a research report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $66.82.
In other Equity Residential news, COO David S. Santee sold 5,589 shares of Equity Residential stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $58.18, for a total transaction of $325,168.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Scott Fenster sold 449 shares of Equity Residential stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $58.18, for a total value of $26,122.82. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,077 shares of company stock valued at $819,000. 3.79% of the stock is owned by company insiders.
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Equity Residential Company Profile
Equity Residential is an S&P 500 company focused on the acquisition, development and management of rental apartment properties in urban and high-density suburban coastal gateway markets where today's renters want to live, work and play. Equity Residential owns or has investments in 305 properties consisting of 78,611 apartment units, primarily located in Boston, New York, Washington, DC, Seattle, San Francisco and Southern California.
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