Analysts have a consensus target price of $78.42 in the 12-month period. The price objective is 4.77% higher than the recent closing price of $74.85. The 52-week price range is $54.08-$75.22 and the company has a market capitalization of $27.33 billion. Analysts covering the shares maintain a consensus Buy rating, according to Zacks Investment Research. One analyst has rated the stock with a sell rating, 15 has assigned a hold rating, 0 says it’s a buy, and 4 have assigned a strong buy rating to the company.
Equity Residential (EQR) on March 11, 2016 announced that its Board of Trustees declared dividends on the company’s common and preferred shares. A regular common share dividend for the first quarter of $0.50375 per share will be paid on April 8, 2016 to shareholders of record on March 24, 2016.
A quarterly dividend of $1.03625 per share will be paid on March 31, 2016 to shareholders of record on March 21, 2016 of the company’s Series K Preferred Shares.
2016 Annual Meeting of Shareholders
In addition, the company declared that its Annual Meeting of Shareholders will be held on Thursday, June 16, 2016 at 1:00 p.m. in Chicago, Illinois. Shareholders of record at the close of business on April 8, 2016 will be entitled to vote at the meeting.
Equity Residential, a real estate investment trust (REIT), engages in the acquisition, development, and management of multifamily properties in the United States. As of December 31, 2007, it owned and invested in 579 properties in 24 states and the District of Columbia consisting of 152,821 units. The company qualifies as a REIT for federal income tax purposes. As a REIT, it would not be subject to federal income tax to the extent that it distributes at least 90% of its taxable income to its shareholders. Equity Residential was founded in 1966 and is headquartered in Chicago, Illinois.
0 yorum:
Yorum Gönder