Advisory Services Network LLC Purchases New Position in Equity Residential (EQR)

Advisory Services Network LLC acquired a new stake in Equity Residential (NYSE:EQR) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 3,462 shares of the real estate investment trust’s stock, valued at approximately $221,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. APG Asset Management US Inc. grew its stake in Equity Residential by 0.4% in the 4th quarter. APG Asset Management US Inc. now owns 15,122,000 shares of the real estate investment trust’s stock valued at $964,330,000 after buying an additional 61,600 shares in the last quarter. Cohen & Steers Inc. grew its stake in Equity Residential by 109.4% in the 3rd quarter. Cohen & Steers Inc. now owns 14,548,725 shares of the real estate investment trust’s stock valued at $959,197,000 after buying an additional 7,600,203 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in Equity Residential by 1.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 7,800,736 shares of the real estate investment trust’s stock valued at $497,453,000 after buying an additional 76,542 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Equity Residential by 1.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,198,439 shares of the real estate investment trust’s stock valued at $342,732,000 after buying an additional 97,505 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Equity Residential by 125.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,461,798 shares of the real estate investment trust’s stock valued at $227,925,000 after buying an additional 1,926,438 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

In other news, CFO Mark J. Parrell sold 7,355 shares of Equity Residential 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Scott Fenster sold 449 shares of Equity Residential 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. Insiders have sold a total of 14,077 shares of company stock valued at $819,000 over the last ninety days. 3.79% of the stock is currently owned by insiders.

Equity Residential (NYSE:EQR) opened at $56.99 on Friday. The company has a market cap of $20,940.00, a price-to-earnings ratio of 36.30, a PEG ratio of 2.91 and a beta of 0.34. The company has a current ratio of 0.29, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86. Equity Residential has a 1 year low of $54.97 and a 1 year high of $70.46.

Equity Residential (NYSE:EQR) last released its quarterly earnings results on Tuesday, January 30th. The real estate investment trust reported $0.34 EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 24.39% and a return on equity of 5.76%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.79 earnings per share. sell-side analysts anticipate that Equity Residential will post 3.23 earnings per share for the current fiscal year.

A number of research analysts recently weighed in on EQR shares. SunTrust Banks set a $69.00 price objective on shares of Equity Residential and gave the company a “buy” rating in a research note on Monday, January 22nd. Edward Jones upgraded shares of Equity Residential from a “hold” rating to a “buy” rating in a research note on Tuesday, January 16th. Mizuho upgraded shares of Equity Residential from a “neutral” rating to a “buy” rating and set a $76.00 price objective for the company in a research note on Monday, November 6th. Cantor Fitzgerald set a $66.00 price objective on shares of Equity Residential and gave the company a “hold” rating in a research note on Monday, February 5th. Finally, Jefferies Group reiterated a “hold” rating and issued a $62.00 price objective on shares of Equity Residential in a research note on Monday, February 5th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $67.75.

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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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