National Pension Service lifted its stake in shares of Equity Residential (NYSE:EQR) by 5.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 398,141 shares of the real estate investment trust’s stock after buying an additional 20,380 shares during the quarter. National Pension Service owned about 0.11% of Equity Residential worth $25,389,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. Nisa Investment Advisors LLC lifted its position in shares of Equity Residential by 30.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 116,972 shares of the real estate investment trust’s stock worth $7,459,000 after buying an additional 27,075 shares during the last quarter. North Star Investment Management Corp. raised its position in Equity Residential by 2.8% in the 4th quarter. North Star Investment Management Corp. now owns 39,856 shares of the real estate investment trust’s stock valued at $2,542,000 after purchasing an additional 1,081 shares during the last quarter. LGT Capital Partners LTD. raised its position in Equity Residential by 1.6% in the 4th quarter. LGT Capital Partners LTD. now owns 99,220 shares of the real estate investment trust’s stock valued at $6,327,000 after purchasing an additional 1,540 shares during the last quarter. DnB Asset Management AS raised its position in Equity Residential by 6.4% in the 4th quarter. DnB Asset Management AS now owns 39,637 shares of the real estate investment trust’s stock valued at $2,528,000 after purchasing an additional 2,400 shares during the last quarter. Finally, West Oak Capital LLC purchased a new stake in Equity Residential in the 4th quarter valued at $235,000. Institutional investors and hedge funds own 93.88% of the company’s stock.
Shares of Equity Residential (EQR) traded up $1.39 during trading on Friday, reaching $56.65. 3,152,237 shares of the company’s stock were exchanged, compared to its average volume of 2,267,450. The stock has a market cap of $20,848.22, a P/E ratio of 18.04, a P/E/G ratio of 2.77 and a beta of 0.34. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 0.29. Equity Residential has a 52 week low of $55.21 and a 52 week high of $70.46.
Equity Residential (NYSE:EQR) last announced its quarterly earnings data on Tuesday, January 30th. The real estate investment trust reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.47). The firm had revenue of $630.50 million for the quarter, compared to analysts’ expectations of $625.83 million. Equity Residential had a return on equity of 5.76% and a net margin of 24.39%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS. equities analysts anticipate that Equity Residential will post 3.23 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd were given a dividend of $0.5038 per share. The ex-dividend date was Friday, December 29th. This represents a $2.02 dividend on an annualized basis and a yield of 3.56%. Equity Residential’s payout ratio is currently 123.93%.
In other news, CFO Mark J. Parrell sold 7,355 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $58.18, for a total transaction of $427,913.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Scott Fenster sold 449 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $58.18, for a total transaction 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 valued at $819,000. 3.79% of the stock is owned by insiders.
EQR has been the subject of several research reports. Stifel Nicolaus reduced their price target on shares of Equity Residential from $71.00 to $68.00 and set a “hold” rating for the company in a research report on Friday, October 27th. Robert W. Baird reiterated a “hold” rating and issued a $70.00 price target on shares of Equity Residential in a research report on Friday, November 10th. Royal Bank of Canada reiterated a “hold” rating and issued a $70.00 price target on shares of Equity Residential in a research report on Friday, October 20th. Zacks Investment Research upgraded shares of Equity Residential from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. Finally, TheStreet downgraded shares of Equity Residential from a “b” rating to a “c+” rating in a research report on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. Equity Residential presently has an average rating of “Hold” and a consensus target price of $67.87.
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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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