UP!
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Type
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Public company |
|---|---|
| Traded as | NYSE: EQR S&P 500 Index component |
| Industry | Apartments |
| Founded | 1969 |
| Founder | Sam Zell |
| Headquarters | Riverside Plaza Chicago, Illinois |
|
Key people
|
David Neithercut, CEO Sam Zell, Chairman Mark J. Parrell, CFO |
| Services | Property Management |
| Revenue |  $2.425 billion (2016) |
|
Operating income
|
 $4.479 billion (2016) |
|
Net income
|
$4.480 billion (2016) |
| Total assets | $20.704 billion (2016) |
| Total equity | $10.229 billion (2016) |
|
Number of employees
|
2,700 (2016) |
| Website | www |
Equity Residential is a publicly traded real estate investment trust that invests in apartments.
As of December 31, 2016, the company owned or had investments in 302 properties consisting of 77,458 apartment units located primarily in Boston, New York City, Washington DC, Seattle, San Francisco, and Southern California.
The company had its origins in Equity Finance and Management Company, founded in 1969 by real-estate investor Sam Zell.
In 1993, the company acquired a large portfolio of properties from Barry Sternlicht in exchange for a 20% stake in the company. Sternlicht had acquired the properties via government auctions after the savings and loan crisis.
On August 11, 1993, the company became a public company via an initial public offering. At that time, the company owned 22,000 apartments.
In 1997, the company acquired Wellsford Residential Property Trust for $620 million in stock and the assumption of $346 million of debt and acquired Evans Withycombe Residential for $625 million in stock and the assumption of $432 million in debt.
In 1998, the company acquired a portfolio of 5,774 apartments from Lincoln Property Company for $465 million and acquired Merry Land, which owned 34,990 units in the southeast United States, for $1.17 billion in stock as well as $656 million in debt and $270 million in preferred stock.
In 1999, the company acquired Lexford Residential Trust for $203 million in stock and the assumption of $530 million of debt. Lexford owned mainly one-story affordable housing units, rented to households with incomes between $25,000 and $35,000.
In 2001, the company was added to the S&P 500 Index.
In January 2003, CEO Douglas Crocker retired. During his tenure, the company increased its ownership from 22,000 apartments to 227,000 apartments.
In 2006, the company sold its Lexford affordable housing division, which included 27,115 apartment units, for $1.09 billion.
On February 27, 2013, Equity Residential and AvalonBay Communities closed a $9 billion deal to acquire Archstone from Lehman Brothers.
In 2013, the company sold 8,010 apartment units to a joint venture of Goldman Sachs and Greystar for $1.5 billion.
In 2016, the company sold 23,262 apartments to Starwood Capital Group for $5.365 billion.
In 2017, the company was named #3 Largest Apartment Owner with 78,032 units owned and #9 Largest Apartment Manager by the National Multifamily Housing Council.
| Period | Date | Adjusted Actuals EPS | GAAP EPS |
|---|---|---|---|
| Q4 2022 | 2023-02-09 | Future report Set alerts | |
| Q3 2022 | 2022-10-25 | 0.86 | 0.86 |
| Q2 2022 | 2022-07-26 | 0.59 | 0.59 |
| Q1 2022 | 2022-04-26 | 0.19 | 0.19 |
| Q4 2021 | 2022-02-01 | 1.40 | 1.40 |
| Q3 2021 | 2021-10-26 | 1.15 | 1.15 |
| Q2 2021 | 2021-07-27 | 0.84 | 0.84 |
| Q1 2021 | 2021-04-27 | 0.15 | 0.15 |
| Q4 2020 | 2021-02-10 | 0.68 | 0.68 |
| Q3 2020 | 2020-10-27 | 0.24 | 0.24 |
| 2016-07-06 | Reiterated Rating | Jefferies Group | Hold | |
| 2016-06-22 | Downgrade | Zelman & Associates | Hold to Sell | |
| 2016-06-08 | Downgrade | Jefferies Group | Buy to Hold | $79.00 to $66.00 |
| 2016-06-04 | Reiterated Rating | Cantor Fitzgerald | Buy | |
| 2016-06-03 | Reiterated Rating | Deutsche Bank | Hold | $74.00 to $73.00 |
| 2016-06-03 | Reiterated Rating | Deutsche Bank AG | Hold | $74.00 to $73.00 |
| 2016-06-02 | Lower Price Target | RBC Capital | Sector Perform | $74.00 to $72.00 |
| 2016-06-02 | Upgrade | SunTrust | Neutral to Buy | $75.00 |
| 2016-06-02 | Lower Price Target | Royal Bank Of Canada | Sector Perform | $74.00 to $72.00 |
| 2016-06-02 | Upgrade | SunTrust Banks Inc. | Neutral to Buy | $75.00 |
| 2016-06-01 | Reiterated Rating | BMO Capital Markets | Buy | |
| 2016-05-24 | Upgrade | BB&T Corp. | Hold to Buy | $74.50 |
| 2016-05-18 | Upgrade | Janney Montgomery Scott | Neutral to Buy | $78.00 |
| 2016-05-13 | Reiterated Rating | Deutsche Bank | Hold | $75.00 to $74.00 |
| 2016-05-10 | Downgrade | Zelman & Associates | Hold to Sell | |
| 2016-05-02 | Lower Price Target | RBC Capital | Sector Perform | $85.00 to $74.00 |
| 2016-04-27 | Reiterated Rating | BMO Capital Markets | Buy | |
| 2016-04-27 | Reiterated Rating | Jefferies Group | Buy | |
| 2016-04-27 | Downgrade | Evercore ISI | Buy to Hold | |
| 2016-04-21 | Upgrade | Capital One Financial Corp. | Equal Weight to Overweight | |
| 2016-04-11 | Downgrade | Bank of America | Buy to Neutral | |
| 2016-04-11 | Downgrade | Bank of America Corp. | Buy to Neutral | |
| 2016-03-30 | Downgrade | Citigroup Inc. | Buy to Neutral | $79.00 |
| 2016-03-21 | Boost Price Target | Mizuho | $76.00 | |
| 2016-03-21 | Boost Price Target | Evercore ISI | $80.00 | |
| 2016-02-11 | Lower Price Target | Deutsche Bank | Hold | $84.00 to $83.00 |
| 2016-02-11 | Lower Price Target | Barclays | Equal Weight | $74.00 to $72.00 |
| 2016-02-11 | Lower Price Target | Barclays PLC | Equal Weight | $74.00 to $72.00 |
| 2016-02-09 | Reiterated Rating | SunTrust | Neutral | $79.00 to $75.00 |
| 2016-02-08 | Lower Price Target | Mizuho | Neutral | $82.00 to $68.00 |
| 2016-02-08 | Lower Price Target | RBC Capital | Sector Perform | $87.00 to $85.00 |
| 2016-02-03 | Lower Price Target | Evercore ISI | Buy | $85.00 to $83.00 |
| 2016-02-03 | Reiterated Rating | Cantor Fitzgerald | Buy | $87.50 |
| 2016-02-01 | Downgrade | Mizuho | Buy to Neutral | |
| 2016-01-19 | Downgrade | JMP Securities | Outperform to Market Perform | |
| 2016-01-12 | Upgrade | Jefferies Group | Hold to Buy | $85.00 to $92.00 |
| 2015-12-22 | Reiterated Rating | Cantor Fitzgerald | Buy | $87.50 |
| 2015-11-23 | Boost Price Target | Argus | Buy | $84.00 to $88.00 |
| 2015-11-10 | Initiated Coverage | BB&T Corp. | Hold to Hold | $85.00 to $85.00 |
| 2015-11-09 | Downgrade | Miller Tabak | Hold to Sell | |
| 2015-10-29 | Lower Price Target | Barclays | Equal Weight | $87.00 to $79.00 |
| 2015-10-27 | Lower Price Target | JPMorgan Chase & Co. | Neutral | $84.00 to $76.00 |
| 2015-10-27 | Boost Price Target | JMP Securities | Market Outperform | $85.00 to $90.00 |
| 2015-10-27 | Boost Price Target | Deutsche Bank | Hold | $80.00 to $84.00 |
| 2015-10-27 | Downgrade | Sandler O'Neill | Buy to Hold | |
| 2015-10-27 | Boost Price Target | Mizuho | Buy | $81.00 to $91.00 |
| 2015-10-26 | Boost Price Target | Jefferies Group | Hold | $78.00 to $85.00 |
| 2015-10-20 | Boost Price Target | Barclays | Equal Weight | $81.00 to $87.00 |
| 2015-09-21 | Lower Price Target | Mizuho | Buy | $89.00 to $81.00 |
| 2015-09-15 | Initiated Coverage | JMP Securities | Outperform | $85.00 |
| 2015-09-09 | Upgrade | Miller Tabak | Sell to Hold | |
| 2015-09-08 | Reiterated Rating | Evercore ISI | Buy | $85.00 to $82.00 |
| 2015-09-08 | Lower Price Target | Evercore Partners Inc. | Buy | $85.00 to $82.00 |
| 2015-08-20 | Boost Price Target | Credit Suisse | Neutral | $83.00 to $85.00 |
| 2015-08-20 | Boost Price Target | Credit Suisse Group AG | Neutral | $83.00 to $85.00 |
| 2015-08-05 | Boost Price Target | Barclays | Equal Weight | $79.00 to $81.00 |
| 2015-07-31 | Reiterated Rating | Wood & Company | Sell | |
| 2015-07-29 | Reiterated Rating | Cantor Fitzgerald | Buy | $83.00 |
| 2015-07-20 | Initiated Coverage | SunTrust | Neutral | $81.00 |
| 2015-07-18 | Lower Price Target | Barclays | Equal Weight | $82.00 to $79.00 |
| 2015-07-03 | Reiterated Rating | JPMorgan Chase & Co. | Hold | |
| 2015-07-02 | Lower Price Target | JPMorgan Chase & Co. | Neutral | $84.00 to $80.00 |
| 2015-07-02 | Lower Price Target | Jefferies Group | Hold | $84.00 to $78.00 |
| 2015-06-09 | Reiterated Rating | Evercore ISI | Buy | $87.00 to $84.00 |
| 2015-05-16 | Reiterated Rating | Robert W. Baird | Neutral | $81.00 |
| 2015-05-13 | Reiterated Rating | Deutsche Bank | Hold | $75.00 |
| 2015-04-29 | Reiterated Rating | Cantor Fitzgerald | Buy | $79.00 |
| 2015-04-20 | Lower Price Target | Barclays | Equal Weight | $85.00 to $82.00 |
| 2015-04-09 | Initiated Coverage | Janney Montgomery Scott | Neutral | $77.00 |
| 2015-04-08 | Initiated Coverage | BMO Capital Markets | Outperform | $88.00 |
| 2015-03-17 | Initiated Coverage | Robert W. Baird | Neutral | $81.00 |
| 2015-03-16 | Boost Price Target | Jefferies Group | Hold | $75.00 to $82.00 |
| 2015-03-06 | Boost Price Target | Citigroup Inc. | Buy | $80.00 to $87.00 |
| 2015-03-05 | Upgrade | Evercore ISI | Hold to Buy | $87.00 |
| 2015-02-10 | Upgrade | Bank of America | Neutral to Buy | $81.00 to $90.00 |
| 2015-02-04 | Boost Price Target | Credit Suisse | Neutral | $78.00 to $80.00 |
| 2015-02-04 | Upgrade | Mizuho | Neutral to Buy | $74.00 to $90.00 |
| 2015-02-02 | Downgrade | Miller Tabak | Hold to Sell | |
| 2015-01-26 | Reiterated Rating | Deutsche Bank | Hold | $71.00 to $74.00 |
| 2015-01-22 | Downgrade | Barclays | Overweight to Equal Weight | $75.00 to $82.00 |
| 2015-01-15 | Boost Price Target | Argus | Buy | $70.00 to $84.00 |
| 2014-12-16 | Upgrade | Citigroup Inc. | Neutral to Buy | $75.00 to $80.00 |
| 2014-12-11 | Initiated Coverage | Morgan Stanley | Equal Weight | $74.00 |
| 2014-11-20 | Boost Price Target | Barclays | Overweight | $71.00 to $75.00 |
| 2014-11-11 | Initiated Coverage | Credit Suisse | Neutral | |
| 2014-10-31 | Reiterated Rating | Citigroup Inc. | Neutral | $71.00 to $75.00 |
| 2014-10-13 | Reiterated Rating | Barclays | Overweight | $67.00 to $69.00 |
| 2014-09-02 | Initiated Coverage | Capital One Financial Corp. | Equal Weight | |
| 2014-08-20 | Reiterated Rating | Deutsche Bank | Hold | $64.00 to $66.00 |
| 2014-08-18 | Upgrade | Jefferies Group | Underperform to Hold | $55.00 to $62.00 |
| 2014-07-30 | Boost Price Target | Evercore ISI | $3.00 to $67.00 | |
| 2014-07-23 | Initiated Coverage | Mizuho | Neutral | |
| 2014-07-22 | Boost Price Target | Jefferies Group | $49.00 to $55.00 | |
| 2014-07-21 | Boost Price Target | Barclays | Overweight | $63.00 to $67.00 |
| 2014-07-18 | Downgrade | Raymond James | Outperform to Market Perform | $63.00 |
| 2014-07-18 | Downgrade | Raymond James Financial Inc. | Outperform to Market Perform | $63.00 |
| 2014-07-11 | Boost Price Target | Argus | Buy | $65.00 to $68.00 |
| 2014-07-09 | Boost Price Target | Deutsche Bank | Hold | $61.00 to $64.00 |
| 2014-06-23 | Reiterated Rating | Citigroup Inc. | Neutral | $57.00 to $66.00 |
| 2014-06-20 | Boost Price Target | JPMorgan Chase & Co. | Neutral | $61.00 to $62.00 |
| 2014-05-15 | Boost Price Target | Goldman Sachs | $49.00 to $56.00 | |
| 2014-05-06 | Reiterated Rating | Raymond James | Outperform | $62.00 to $63.00 |
| 2014-05-06 | Lower Price Target | Compass Point | Neutral | $56.50 to $55.50 |
| 2014-04-22 | Reiterated Rating | JPMorgan Chase & Co. | Neutral | $61.00 |
| 2014-04-11 | Downgrade | Jefferies Group | Hold to Underperform | $51.00 to $49.00 |
| 2014-02-25 | Boost Price Target | RBC Capital | $62.00 to $64.00 | |
| 2014-01-27 | Reiterated Rating | Deutsche Bank | Hold | $63.00 to $59.00 |
| 2014-01-23 | Initiated Coverage | BWS Financial | Buy | $70.00 |
| 2013-11-11 | Lower Price Target | Jefferies Group | Hold | $54.00 |
| 2013-11-07 | Lower Price Target | Raymond James | $66.00 to $62.00 | |
| 2013-11-01 | Lower Price Target | Imperial Capital | In-Line | $59.00 to $56.00 |
| 2013-11-01 | Lower Price Target | BMO Capital Markets | Market Perform | $58.00 to $55.00 |
| 2013-10-17 | Upgrade | Raymond James | Market Perform to Outperform | |
| 2013-09-18 | Lower Price Target | Argus | Buy | $68.00 to $65.00 |
| 2012-09-07 | Upgrade | Cantor Fitzgerald | Hold to Buy | |
| 2011-11-09 | Upgrade | Argus | Hold to Buy | $68 |
| 2011-02-03 | Reiterated | The Benchmark Company | Buy | $54 to $59 |
| 2010-09-21 | Downgrade | Stifel Nicolaus | Buy to Hold | |
| 2010-08-11 | Downgrade | Jefferies | Buy to Hold |
| 2016-07-06 | Reiterated Rating | Jefferies Group | Hold | |
| 2016-06-22 | Downgrade | Zelman & Associates | Hold to Sell | |
| 2016-06-08 | Downgrade | Jefferies Group | Buy to Hold | $79.00 to $66.00 |
| 2016-06-04 | Reiterated Rating | Cantor Fitzgerald | Buy | |
| 2016-06-03 | Reiterated Rating | Deutsche Bank | Hold | $74.00 to $73.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
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| Name Relationship | Total Shares | Holding stocks |
|---|---|---|
| SPECTOR GERALD A Vice Chairman | 0.08% (281263) | CWH / EQR / |
| ZELL SAMUEL Chairman of the Board | 0.04% (139806) | AXE / BXMT / CVA / CWH / ELS / EQR / |
| NEITHERCUT DAVID J President & CEO | 0.03% (102874) | EQR / |
| GEORGE ALAN W Executive Vice President & CIO | 0.02% (88528) | EQR / |
| ALEXANDER JOHN W | 0.02% (69041) | EQR / |
| Santee David S Executive Vice President & COO | 0.01% (40859) | EQR / |
| Altshuler Barry Executive Vice President | 0.01% (31122) | EQR / |
| Brackenridge Alexander Executive Vice President | 0.01% (29738) | EQR / |
| TUOMI FREDERICK C Executive Vice President | 0.01% (28013) | EQR / SWAY / TRC / |
| Parrell Mark J. Executive Vice President & CFO | 0.01% (20397) | AVIV / BKD / EQR / |
| Kaufman Ian Chief Accounting Officer | 0.01% (19785) | EQR / |
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