Aperio Group LLC grew its holdings in Equity Residential (NYSE:EQR) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 162,996 shares of the real estate investment trust’s stock after buying an additional 3,693 shares during the quarter. Aperio Group LLC’s holdings in Equity Residential were worth $10,394,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Amica Retiree Medical Trust acquired a new stake in Equity Residential in the third quarter worth about $135,000. Zions Bancorporation increased its position in Equity Residential by 3,348.4% in the third quarter. Zions Bancorporation now owns 2,138 shares of the real estate investment trust’s stock worth $141,000 after purchasing an additional 2,076 shares during the period. Americafirst Capital Management LLC acquired a new stake in Equity Residential in the third quarter worth about $171,000. Prudential PLC acquired a new stake in Equity Residential in the second quarter worth about $209,000. Finally, Eqis Capital Management Inc. acquired a new stake in Equity Residential in the third quarter worth about $216,000. Institutional investors own 93.88% of the company’s stock.
In other news, COO David S. Santee sold 5,589 shares of Equity Residential stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $58.18, for a total transaction of $325,168.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Scott Fenster sold 449 shares of Equity Residential stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $58.18, for a total value of $26,122.82. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,077 shares of company stock worth $819,000. Company insiders own 3.79% of the company’s stock.
Equity Residential (NYSE:EQR) last issued its earnings results on Tuesday, January 30th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.47). Equity Residential had a return on equity of 5.76% and a net margin of 24.39%. The company had revenue of $630.50 million for the quarter, compared to the consensus estimate of $625.83 million. During the same quarter last year, the business posted $0.79 EPS. Equity Residential’s quarterly revenue was up 4.2% on a year-over-year basis. sell-side analysts expect that Equity Residential will post 3.23 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd were issued a dividend of $0.5038 per share. This represents a $2.02 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date was Friday, December 29th. Equity Residential’s dividend payout ratio (DPR) is currently 128.66%.
A number of analysts recently commented on EQR shares. SunTrust Banks set a $69.00 price objective on Equity Residential and gave the stock a “buy” rating in a research report on Monday, January 22nd. Edward Jones upgraded Equity Residential from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th. Mizuho upgraded Equity Residential from a “neutral” rating to a “buy” rating and set a $76.00 price objective for the company in a research report on Monday, November 6th. TheStreet lowered Equity Residential from a “b” rating to a “c+” rating in a research report on Tuesday, October 24th. Finally, Stifel Nicolaus lowered their price objective on Equity Residential from $71.00 to $68.00 and set a “hold” rating for the company in a research report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $67.87.
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Equity Residential Company 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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