As per Equity Residential (NYSE:EQR)’s news release on 2016-07-26, its shareholders will get cash dividend of $0.504 per share. The recent press release updated on the record date and payout date, which stands at 2016-06-27 and 2016-07-08, respectively.
The stock will commence trading ex-dividend from 2016-06-23, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Equity Residential (NYSE:EQR) disbursed $0.504 in dividend compared to distribution of $0.504, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 10.5%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated Equity Residential (NYSE:EQR) to attain a price target of $68.857. It is an average estimate figure given by 14 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $76. The low price range is set at $60 for next year while the arithmetic mean is seen at 3.08.
Eyeing Earnings Equity Residential (NYSE:EQR) is likely to post quarterly numbers around 2016-10-24 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.77 for the period ending on 2016-09-30.
In last quarter ended 2015-12-31, Equity Residential (NYSE:EQR) earnings came at $0.76 suggesting a deviation of $-0.01. The brokerages targeted EPS of $0.77 for the quarter.
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