Equity Residential (NYSE:EQR) declared a quarterly dividend on Thursday, June 14th, RTT News reports. Investors of record on Monday, June 25th will be given a dividend of 0.54 per share by the real estate investment trust on Friday, July 13th. This represents a $2.16 annualized dividend and a dividend yield of 3.39%.

Equity Residential has decreased its dividend payment by an average of 2.1% annually over the last three years. Equity Residential has a dividend payout ratio of 64.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Equity Residential to earn $3.36 per share next year, which means the company should continue to be able to cover its $2.02 annual dividend with an expected future payout ratio of 60.1%.

Shares of NYSE EQR traded up $0.55 during trading hours on Thursday, hitting $63.75. 1,725,353 shares of the company’s stock were exchanged, compared to its average volume of 2,403,739. 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 0.83, a quick ratio of 0.19 and a current ratio of 0.19. The stock has a market capitalization of $23.58 billion, a PE ratio of 20.41, a P/E/G ratio of 3.30 and a beta of 0.35.

Equity Residential (NYSE:EQR) last posted its quarterly earnings data on Tuesday, April 24th. The real estate investment trust reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.21). Equity Residential had a return on equity of 6.41% and a net margin of 26.83%. The business had revenue of $633.02 million for the quarter, compared to analyst estimates of $626.81 million. During the same period in the prior year, the firm posted $0.76 EPS. Equity Residential’s revenue for the quarter was up 4.8% on a year-over-year basis. equities research analysts forecast that Equity Residential will post 3.23 EPS for the current fiscal year.

Several research firms recently weighed in on EQR. UBS Group raised Equity Residential from a “neutral” rating to a “buy” rating and set a $69.00 price objective for the company in a research report on Monday, March 19th. Morgan Stanley cut their price objective on Equity Residential from $66.50 to $63.00 and set an “equal weight” rating for the company in a research report on Thursday. Sandler O’Neill reissued a “hold” rating and set a $65.00 price objective on shares of Equity Residential in a research report on Tuesday, March 20th. SunTrust Banks set a $66.00 price objective on Equity Residential and gave the stock a “buy” rating in a research report on Monday, March 19th. Finally, ValuEngine raised Equity Residential from a “sell” rating to a “hold” rating in a research report on Friday, June 1st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $66.38.

In other news, insider Barry Altshuler sold 5,182 shares of the company’s stock in a transaction that occurred on Friday, April 27th. The stock was sold at an average price of $61.15, for a total value of $316,879.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO David J. Neithercut sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 12th. The shares were sold at an average price of $64.50, for a total value of $1,612,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,110 shares of company stock valued at $2,048,048. Insiders own 3.75% of the company’s stock.

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.

Dividend History for Equity Residential (NYSE:EQR)

Receive News & Ratings for Equity Residential Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity Residential and related companies with MarketBeat.com's FREE daily email newsletter.