Shares of Equity Residential (NYSE:EQR) rose 1.3% on Tuesday . The company traded as high as $70.38 and last traded at $69.88, with a volume of 815,116 shares. The stock had previously closed at $69.00.

EQR has been the subject of a number of research reports. Bank of America Corp. cut shares of Equity Residential from a “buy” rating to a “neutral” rating in a research report on Monday, April 11th. Citigroup Inc. lowered shares of Equity Residential from a “buy” rating to a “neutral” rating and set a $79.00 price objective on the stock. in a report on Wednesday, March 30th. Jefferies Group lowered shares of Equity Residential from a “buy” rating to a “hold” rating and cut their price objective for the stock from $79.00 to $66.00 in a report on Wednesday, June 8th. Janney Montgomery Scott upgraded shares of Equity Residential from a “neutral” rating to a “buy” rating and set a $78.00 price objective on the stock in a report on Wednesday, May 18th. Finally, Zelman & Associates lowered shares of Equity Residential from a “hold” rating to a “sell” rating in a report on Tuesday, May 10th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $78.59.

The company has a 50-day moving average of $66.67 and a 200-day moving average of $72.23. The stock has a market capitalization of $25.30 billion and a PE ratio of 5.94.

Equity Residential (NYSE:EQR) last issued its quarterly earnings data on Tuesday, April 26th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.03. The firm had revenue of $619.10 million for the quarter, compared to analyst estimates of $644.84 million. The firm’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.79 EPS. On average, equities analysts forecast that Equity Residential will post $3.09 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 8th. Investors of record on Monday, June 27th will be issued a dividend of $0.5038 per share. This represents a $2.02 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Thursday, June 23rd.

Other hedge funds and institutional investors have recently modified their holdings of the company. Stevens Capital Management LP raised its position in shares of Equity Residential by 23.6% in the fourth quarter. Stevens Capital Management LP now owns 73,194 shares of the real estate investment trust’s stock worth $5,972,000 after buying an additional 13,997 shares during the last quarter. Andra AP fonden raised its position in shares of Equity Residential by 30.3% in the fourth quarter. Andra AP fonden now owns 161,700 shares of the real estate investment trust’s stock worth $13,193,000 after buying an additional 37,600 shares during the last quarter. Aberdeen Asset Management PLC UK raised its position in shares of Equity Residential by 5.4% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 223,881 shares of the real estate investment trust’s stock worth $17,847,000 after buying an additional 11,398 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Equity Residential by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 48,604,153 shares of the real estate investment trust’s stock worth $3,965,612,000 after buying an additional 1,241,608 shares during the last quarter. Finally, Waterfront Capital Partners LLC bought a new position in shares of Equity Residential during the fourth quarter worth $10,315,000.

Equity Residential is a real estate investment trust. The Company is focused on the acquisition, development and management of apartment properties in various markets of the United States. The Company’s segments include Boston, New York, San Francisco, Seattle, Southern California, Washington DC, Non-core – South Florida, Non-core – Denver, and Non-core – other.

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