Equity Residential (EQR) is currently priced at $64.3, reflecting a price increase of $2 (3.19%) from the previous close at $62.31. Trading volume is notably higher, reaching $1 million, representing a 41.42% increase relative to the average.
In its latest quarterly earnings report on April 27th, EQR beat consensus estimates with earnings per share (EPS) at $0.29.
EQR offers a forward dividend yield of 4.37%, with a dividend per share of 70.25 cents. Year-over-year, the dividend per share has increased by 2.5926 cents to $2.78 annually.
Barclays issued an "Overweight" grade for EQR on April 27, maintaining its previous stance. The stock price at the time of the grade was $62.26, with a recommendation to hold.
EQR reported a strong operating cash flow of $387 million. Noteworthy cash movements include debt repayment of $714.26 million and common stock repurchases totaling $186.43 million.
The company generated $789 million in revenue, resulting in a net income of $382 million. Earnings per share (EPS) stood at $1, with a diluted EPS of $1. The gross profit margin was at -1.8%.
Key ratios indicate EQR's solid financial health, with a return on equity of 3.46% and a price-to-earnings ratio of 15.64.
EQR's total assets amount to $20.75 billion, with total liabilities at $9.34 billion. The company holds $55.90 million in cash and cash equivalents.
This comprehensive overview showcases Equity Residential's robust performance and financial stability in the current market environment.
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, D.C., Seattle, San Francisco, Southern California and Denver.