Equity Residential ( EQR ) will begin trading ex-dividend on June 19, 2014. A cash dividend payment of $0.5 per share is scheduled to be paid on July 11, 2014. Shareholders who purchased EQR stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 25% increase over the same period a year ago. At the current stock price of $61.32, the dividend yield is 3.26%.
The previous trading day's last sale of EQR was $61.32, representing a -3.05% decrease from the 52 week high of $63.25 and a 22.44% increase over the 52 week low of $50.08.
EQR is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). EQR's current earnings per share, an indicator of a company's profitability, is $2.47. Zacks Investment Research reports EQR's forecasted earnings growth in 2014 as 8.53%, compared to an industry average of 3.3%.
Interested in gaining exposure to EQR through an Exchange Traded Fund [ETF]?
The following ETF(s) have EQR as a top-10 holding:
- iShares Residential Real Estate Capped ETF ( REZ )
- iShares Cohen & Steers Realty Majors Index Fund ( ICF )
- PowerShares Active U.S. Real Estate Fund ( PSR )
- Wilshire US REIT ( WREI )
- streetTRACKS Wilshire REIT Index Fund ( RWR ).
The top-performing ETF of this group is RWR with an increase of 11.65% over the last 100 days. REZ has the highest percent weighting of EQR at 9.58%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.