Parametric Portfolio Associates LLC Has $44.49 Million Position in Equity Residential (EQR)

Parametric Portfolio Associates LLC lifted its position in Equity Residential (NYSE:EQR) by 9.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 674,830 shares of the real estate investment trust’s stock after purchasing an additional 60,082 shares during the period. Parametric Portfolio Associates LLC owned about 0.18% of Equity Residential worth $44,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd raised its position in Equity Residential by 1.8% during the second quarter. Dynamic Technology Lab Private Ltd now owns 3,558 shares of the real estate investment trust’s stock worth $235,000 after acquiring an additional 64 shares during the period. D.A. Davidson & CO. raised its position in shares of Equity Residential by 4.1% in the second quarter. D.A. Davidson & CO. now owns 1,873 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 73 shares during the last quarter. Suntrust Banks Inc. raised its position in shares of Equity Residential by 0.6% in the second quarter. Suntrust Banks Inc. now owns 17,043 shares of the real estate investment trust’s stock valued at $1,121,000 after buying an additional 108 shares during the last quarter. First Allied Advisory Services Inc. grew its holdings in shares of Equity Residential by 5.6% in the second quarter. First Allied Advisory Services Inc. now owns 3,629 shares of the real estate investment trust’s stock valued at $236,000 after purchasing an additional 191 shares during the period. Finally, Kemper Corp Master Retirement Trust grew its holdings in shares of Equity Residential by 1.7% in the second quarter. Kemper Corp Master Retirement Trust now owns 13,305 shares of the real estate investment trust’s stock valued at $876,000 after purchasing an additional 225 shares during the period. Hedge funds and other institutional investors own 94.03% of the company’s stock.

Equity Residential (EQR) opened at $63.81 on Thursday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.86. Equity Residential has a 12 month low of $59.49 and a 12 month high of $70.46. The company has a market cap of $23,629.27, a P/E ratio of 20.74, a PEG ratio of 3.25 and a beta of 0.36.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Tuesday, January 2nd will be paid a $0.5038 dividend. This represents a $2.02 annualized dividend and a dividend yield of 3.16%. The ex-dividend date is Friday, December 29th. Equity Residential’s payout ratio is 99.02%.

In related news, Chairman Samuel Zell sold 91,651 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $67.17, for a total value of $6,156,197.67. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Mark J. Parrell sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $68.00, for a total transaction of $3,400,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 402,380 shares of company stock valued at $27,663,622. Insiders own 3.79% of the company’s stock.

EQR has been the subject of a number of analyst reports. SunTrust Banks set a $71.00 price objective on shares of Equity Residential and gave the company a “buy” rating in a report on Tuesday, October 24th. Mizuho raised shares of Equity Residential from a “neutral” rating to a “buy” rating and set a $76.00 price objective for the company in a report on Monday, November 6th. TheStreet lowered shares of Equity Residential from a “b” rating to a “c+” rating in a report on Tuesday, October 24th. BMO Capital Markets reissued a “hold” rating and issued a $69.00 price objective on shares of Equity Residential in a report on Monday, November 27th. Finally, Robert W. Baird reissued a “hold” rating and issued a $70.00 price objective on shares of Equity Residential in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $69.47.

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About Equity Residential

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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