Equity Residential (NYSE:EQR) Given Consensus Recommendation of “Hold” by Brokerages

Equity Residential (NYSE:EQRGet Rating) has been assigned an average rating of “Hold” from the nineteen research firms that are covering the stock, Marketbeat Ratings reports. Eleven analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $91.41.

A number of brokerages have issued reports on EQR. Truist Financial increased their target price on shares of Equity Residential from $89.00 to $95.00 in a research report on Tuesday, January 18th. Morgan Stanley increased their price target on shares of Equity Residential from $92.00 to $95.50 and gave the stock an “equal weight” rating in a research report on Friday, April 8th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Equity Residential from $94.00 to $93.00 and set a “hold” rating on the stock in a research report on Thursday, March 24th. StockNews.com assumed coverage on shares of Equity Residential in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Barclays increased their price target on shares of Equity Residential from $87.00 to $97.00 in a research report on Tuesday, January 18th.

Shares of NYSE:EQR opened at $81.50 on Monday. The company’s 50 day moving average price is $88.67 and its two-hundred day moving average price is $87.88. Equity Residential has a 12-month low of $70.98 and a 12-month high of $94.32. The firm has a market cap of $30.64 billion, a PE ratio of 22.77, a PEG ratio of 5.16 and a beta of 0.80. The company has a quick ratio of 0.70, a current ratio of 0.19 and a debt-to-equity ratio of 0.74.

Equity Residential (NYSE:EQRGet Rating) last announced its earnings results on Tuesday, April 26th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.61). Equity Residential had a return on equity of 12.35% and a net margin of 53.42%. During the same quarter last year, the business posted $0.68 EPS. On average, research analysts expect that Equity Residential will post 3.46 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 8th. Stockholders of record on Monday, March 28th were paid a dividend of $0.625 per share. The ex-dividend date was Friday, March 25th. This represents a $2.50 annualized dividend and a dividend yield of 3.07%. This is an increase from Equity Residential’s previous quarterly dividend of $0.60. Equity Residential’s dividend payout ratio (DPR) is presently 69.83%.

In other Equity Residential news, Director David J. Neithercut sold 100,000 shares of Equity Residential stock in a transaction on Thursday, February 3rd. The shares were sold at an average price of $92.01, for a total value of $9,201,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Ian Kaufman sold 870 shares of Equity Residential stock in a transaction on Friday, February 4th. The shares were sold at an average price of $90.13, for a total transaction of $78,413.10. The disclosure for this sale can be found here. Insiders have sold 108,371 shares of company stock valued at $9,955,478 in the last ninety days. Insiders own 2.30% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of EQR. DekaBank Deutsche Girozentrale boosted its holdings in Equity Residential by 101.0% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 156,889 shares of the real estate investment trust’s stock worth $14,224,000 after purchasing an additional 78,835 shares during the last quarter. KBC Group NV boosted its holdings in Equity Residential by 7.6% during the third quarter. KBC Group NV now owns 145,028 shares of the real estate investment trust’s stock worth $11,736,000 after purchasing an additional 10,260 shares during the last quarter. Capula Management Ltd purchased a new position in Equity Residential during the third quarter worth about $1,190,000. Allspring Global Investments Holdings LLC bought a new stake in Equity Residential in the fourth quarter worth about $12,275,000. Finally, Websterrogers Financial Advisors LLC bought a new stake in Equity Residential in the fourth quarter worth about $3,183,000. 91.11% of the stock is owned by hedge funds and other institutional investors.

Equity Residential Company Profile (Get Rating)

Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, is focused on the acquisition, development and management of residential properties located in and around dynamic cities that attract high quality long-term renters. Equity Residential owns or has investments in 305 properties consisting of 78,568 apartment units, located in Boston, New York, Washington, DC, Seattle, San Francisco, Southern California and Denver.

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Analyst Recommendations for Equity Residential (NYSE:EQR)

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