Bedrijfstakpensioenfonds Voor DE Media PNO Holds Stake in Equity Residential (EQR)
Bedrijfstakpensioenfonds Voor DE Media PNO maintained its position in Equity Residential (NYSE:EQR) during the third quarter, Holdings Channel reports. The institutional investor owned 13,200 shares of the real estate investment trust’s stock at the end of the third quarter. Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings in Equity Residential were worth $849,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. Hedeker Wealth LLC acquired a new position in shares of Equity Residential during the second quarter worth about $1,302,000. Green Street Investors LLC raised its position in shares of Equity Residential by 11.6% in the second quarter. Green Street Investors LLC now owns 189,100 shares of the real estate investment trust’s stock worth $13,025,000 after buying an additional 19,600 shares during the period. Goodwin Daniel L raised its position in shares of Equity Residential by 147.6% in the second quarter. Goodwin Daniel L now owns 25,164 shares of the real estate investment trust’s stock worth $1,733,000 after buying an additional 15,000 shares during the period. Huntington National Bank raised its position in shares of Equity Residential by 11.6% in the second quarter. Huntington National Bank now owns 6,218 shares of the real estate investment trust’s stock worth $428,000 after buying an additional 647 shares during the period. Finally, Northpointe Capital LLC acquired a new position in shares of Equity Residential during the second quarter worth about $3,623,000. 94.45% of the stock is owned by institutional investors.
Equity Residential (NYSE:EQR) traded down 1.12% during trading on Friday, reaching $63.39. 1,534,872 shares of the company’s stock traded hands. Equity Residential has a 12 month low of $58.28 and a 12 month high of $79.90. The firm has a 50 day moving average price of $62.86 and a 200-day moving average price of $64.18. The firm has a market cap of $23.18 billion, a PE ratio of 5.52 and a beta of 0.35.
Equity Residential (NYSE:EQR) last posted its quarterly earnings data on Tuesday, October 25th. The real estate investment trust reported $0.77 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by $0.01. Equity Residential had a return on equity of 39.22% and a net margin of 167.17%. The firm had revenue of $606.07 million for the quarter, compared to analyst estimates of $602.10 million. During the same quarter last year, the company earned $0.89 earnings per share. The company’s quarterly revenue was down 13.0% compared to the same quarter last year. On average, analysts forecast that Equity Residential will post $11.18 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Tuesday, December 27th will be given a dividend of $0.5038 per share. This represents a $2.02 annualized dividend and a dividend yield of 3.18%. The ex-dividend date is Thursday, December 22nd. Equity Residential’s dividend payout ratio (DPR) is presently 17.63%.
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A number of brokerages recently issued reports on EQR. Morgan Stanley raised Equity Residential from an “underweight” rating to an “equal weight” rating in a report on Monday, December 12th. Zacks Investment Research upgraded Equity Residential from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Tuesday, October 25th. RBC Capital Markets restated a “sector perform” rating and issued a $67.00 target price (down from $70.00) on shares of Equity Residential in a research report on Thursday, November 10th. Royal Bank Of Canada cut their target price on Equity Residential from $70.00 to $67.00 and set a “sector perform” rating for the company in a research report on Thursday, November 10th. Finally, Barclays PLC restated a “hold” rating and issued a $66.00 target price on shares of Equity Residential in a research report on Thursday, November 3rd. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $68.57.
In other news, Chairman Samuel Zell sold 110,542 shares of the stock in a transaction on Wednesday, December 14th. The shares were sold at an average price of $62.85, for a total transaction of $6,947,564.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David S. Santee sold 3,000 shares of the stock in a transaction on Wednesday, December 28th. The stock was sold at an average price of $62.75, for a total transaction of $188,250.00. The disclosure for this sale can be found here. Insiders own 3.90% of the company’s stock.
About Equity Residential
Equity Residential is a real estate investment trust. The Company is focused on the acquisition, development and management of apartment properties in various markets of the United States. The Company’s segments include Boston, New York, San Francisco, Seattle, Southern California, Washington DC, Non-core – South Florida, Non-core – Denver, and Non-core – other.
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