Equity Residential (EQR) Receives Average Recommendation of “Hold” from Analysts

Shares of Equity Residential (NYSE:EQR) have been given an average recommendation of “Hold” by the seventeen ratings firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $69.14.

A number of brokerages have recently commented on EQR. Mizuho raised 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 report on Monday, November 6th. SunTrust Banks set a $71.00 price objective on shares of Equity Residential and gave the stock a “buy” rating in a research report on Tuesday, October 24th. TheStreet lowered shares of Equity Residential from a “b” rating to a “c+” rating in a research report on Tuesday, October 24th. BMO Capital Markets reissued a “hold” rating and issued a $69.00 price objective on shares of Equity Residential in a research report on Monday, November 27th. Finally, Robert W. Baird reissued a “hold” rating and issued a $70.00 price objective on shares of Equity Residential in a research report on Friday, November 10th.

In related news, insider Mark J. Parrell sold 50,000 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $68.00, for a total transaction of $3,400,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Samuel Zell sold 91,651 shares of the company’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $67.17, for a total transaction of $6,156,197.67. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 402,380 shares of company stock worth $27,663,622. 3.79% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd increased its holdings in shares of Equity Residential by 1.8% in the second quarter. Dynamic Technology Lab Private Ltd now owns 3,558 shares of the real estate investment trust’s stock valued at $235,000 after purchasing an additional 64 shares during the last quarter. D.A. Davidson & CO. grew its stake in shares of Equity Residential by 4.1% in the second quarter. D.A. Davidson & CO. now owns 1,873 shares of the real estate investment trust’s stock valued at $123,000 after acquiring an additional 73 shares in the last quarter. Suntrust Banks Inc. grew its stake in shares of Equity Residential by 0.6% in the second quarter. Suntrust Banks Inc. now owns 17,043 shares of the real estate investment trust’s stock valued at $1,121,000 after acquiring an additional 108 shares in the last quarter. First Allied Advisory Services Inc. grew its stake in shares of Equity Residential by 5.6% in the second quarter. First Allied Advisory Services Inc. now owns 3,629 shares of the real estate investment trust’s stock valued at $236,000 after acquiring an additional 191 shares in the last quarter. Finally, Kemper Corp Master Retirement Trust grew its stake in shares of Equity Residential by 1.7% in the second quarter. Kemper Corp Master Retirement Trust now owns 13,305 shares of the real estate investment trust’s stock valued at $876,000 after acquiring an additional 225 shares in the last quarter. Hedge funds and other institutional investors own 94.03% of the company’s stock.

Shares of Equity Residential (EQR) traded down $0.05 on Monday, reaching $62.69. 2,226,800 shares of the company’s stock were exchanged, compared to its average volume of 1,697,600. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 0.24. Equity Residential has a 1 year low of $59.49 and a 1 year high of $70.46. The company has a market capitalization of $23,037.62, a price-to-earnings ratio of 30.73, a P/E/G ratio of 3.05 and a beta of 0.36.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Tuesday, January 2nd will be issued a dividend of $0.5038 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $2.02 dividend on an annualized basis and a yield of 3.21%. Equity Residential’s payout ratio is 99.02%.

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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.

Analyst Recommendations for Equity Residential (NYSE:EQR)

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