|Bid||74.03 x 1300|
|Ask||74.33 x 1000|
|Day's Range||73.45 - 74.76|
|52 Week Range||45.43 - 76.13|
|Beta (5Y Monthly)||0.80|
|PE Ratio (TTM)||41.84|
|Earnings Date||Jul. 26, 2021 - Jul. 30, 2021|
|Forward Dividend & Yield||2.41 (3.23%)|
|Ex-Dividend Date||Mar. 26, 2021|
|1y Target Est||71.47|
Equity Residential (NYSE: EQR) currently has a concentrated portfolio. The residential REIT, or real estate investment trust, primarily owns apartment communities in the urban cores of major coastal gateway cities Boston, New York, Washington, D.C., Seattle, and San Francisco as well as Southern California. It focuses on those urban areas because they typically benefit from steady demand with limited new supply, which yields high occupancy levels and steadily rising rental rates.
Last year was a challenging one for apartment REITs, or real estate investment trusts. Because of that, top-tier apartment REITs focused on major metros -- AvalonBay Communities (NYSE: AVB), Equity Residential (NYSE: EQR), and Essex Property Trust (NYSE: ESS) -- should get a big booster shot this year, making them look like attractive buys for investors this May.
EQR earnings call for the period ending March 31, 2021.