Equity Residential (EQR) Expected to Announce Earnings on Monday

Equity Residential (NYSE:EQR) is projected to issue its quarterly earnings data after the market closes on Monday, February 3rd. Analysts expect the company to announce earnings of $1.00 per share and revenue of $754.93 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Equity Residential Trading Up 1.2 %

Shares of EQR opened at $70.61 on Friday. Equity Residential has a fifty-two week low of $57.33 and a fifty-two week high of $78.83. The stock has a fifty day moving average of $71.49 and a two-hundred day moving average of $72.66. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.13 and a current ratio of 0.13. The company has a market capitalization of $26.79 billion, a PE ratio of 28.94, a price-to-earnings-growth ratio of 4.21 and a beta of 0.93.

Equity Residential Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 2nd were given a dividend of $0.675 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $2.70 annualized dividend and a yield of 3.82%. Equity Residential’s dividend payout ratio (DPR) is presently 110.66%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EQR. StockNews.com downgraded shares of Equity Residential from a “hold” rating to a “sell” rating in a research note on Friday. Mizuho cut their price target on shares of Equity Residential from $78.00 to $74.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Barclays dropped their price objective on Equity Residential from $83.00 to $79.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Wells Fargo & Company dropped their price target on Equity Residential from $77.00 to $75.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Finally, Stifel Nicolaus raised shares of Equity Residential from a “hold” rating to a “buy” rating and increased their target price for the stock from $77.75 to $81.50 in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Equity Residential currently has an average rating of “Hold” and a consensus price target of $78.36.

About Equity Residential

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 affluent long-term renters. Equity Residential owns or has investments in 305 properties consisting of 80,683 apartment units, with an established presence in Boston, New York, Washington, DC, Seattle, San Francisco and Southern California, and an expanding presence in Denver, Atlanta, Dallas/Ft.