D.A. Davidson & CO. Has $123,000 Stake in Equity Residential (EQR)

D.A. Davidson & CO. grew its holdings in shares of Equity Residential (NYSE:EQR) by 4.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,873 shares of the real estate investment trust’s stock after acquiring an additional 73 shares during the period. D.A. Davidson & CO.’s holdings in Equity Residential were worth $123,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Anchor Capital Advisors LLC raised its stake in shares of Equity Residential by 1.4% during the first quarter. Anchor Capital Advisors LLC now owns 3,625 shares of the real estate investment trust’s stock valued at $226,000 after acquiring an additional 50 shares during the last quarter. Cleararc Capital Inc. raised its stake in shares of Equity Residential by 1.1% during the first quarter. Cleararc Capital Inc. now owns 8,993 shares of the real estate investment trust’s stock valued at $560,000 after acquiring an additional 100 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of Equity Residential by 0.4% during the first quarter. Oppenheimer & Co. Inc. now owns 27,252 shares of the real estate investment trust’s stock valued at $1,695,000 after acquiring an additional 120 shares during the last quarter. CIBC Asset Management Inc raised its stake in shares of Equity Residential by 0.4% during the second quarter. CIBC Asset Management Inc now owns 39,453 shares of the real estate investment trust’s stock valued at $2,597,000 after acquiring an additional 168 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in shares of Equity Residential by 0.9% during the second quarter. Louisiana State Employees Retirement System now owns 22,800 shares of the real estate investment trust’s stock valued at $1,501,000 after acquiring an additional 200 shares during the last quarter. 91.06% of the stock is owned by hedge funds and other institutional investors.

Shares of Equity Residential (NYSE:EQR) opened at 66.40 on Wednesday. Equity Residential has a 52-week low of $58.28 and a 52-week high of $68.83. The stock’s 50 day moving average is $66.94 and its 200 day moving average is $66.01. The firm has a market capitalization of $24.39 billion, a PE ratio of 29.71 and a beta of 0.37.

Equity Residential (NYSE:EQR) last posted its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.77 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.77. Equity Residential had a net margin of 33.99% and a return on equity of 7.92%. The company had revenue of $612.48 million during the quarter, compared to analyst estimates of $609.37 million. During the same period in the prior year, the business posted $0.76 EPS. The firm’s revenue was up 2.9% compared to the same quarter last year. On average, equities research analysts forecast that Equity Residential will post $1.48 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Monday, September 25th will be issued a dividend of $0.5038 per share. The ex-dividend date is Friday, September 22nd. This represents a $2.02 dividend on an annualized basis and a yield of 3.03%. Equity Residential’s dividend payout ratio is currently 90.58%.

Several equities analysts have recently issued reports on the stock. BidaskClub downgraded shares of Equity Residential from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Bank of America Corporation raised shares of Equity Residential from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Friday, June 16th. Deutsche Bank AG raised their price target on shares of Equity Residential from $67.00 to $69.00 and gave the company a “hold” rating in a research note on Friday, August 18th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Equity Residential in a research note on Monday, July 31st. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $67.00 price target on shares of Equity Residential in a research note on Monday, July 17th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $68.15.

In related news, insider Michael L. Manelis sold 433 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $67.03, for a total transaction of $29,023.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Bruce C. Strohm sold 10,000 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $68.50, for a total transaction of $685,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 173,622 shares of company stock valued at $11,816,599 over the last quarter. 3.79% of the stock is currently owned by company insiders.

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Equity Residential Profile

Equity Residential is a real estate investment trust. The Company’s primary business is the acquisition, development and management of multifamily residential properties. Its segments include Boston, New York, Washington DC, Southern California, San Francisco, Seattle and Other Markets. Southern California includes Los Angeles, San Diego and Orange County.

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Institutional Ownership by Quarter for Equity Residential (NYSE:EQR)

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