Equity Residential (NYSE:EQR) Position Held by Bp Plc
Bp Plc continued to hold its stake in Equity Residential (NYSE:EQR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 41,000 shares of the real estate investment trust’s stock at the end of the second quarter. Bp Plc’s holdings in Equity Residential were worth $2,699,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the company. Colony Group LLC boosted its stake in Equity Residential by 45.0% in the first quarter. Colony Group LLC now owns 21,417 shares of the real estate investment trust’s stock valued at $1,333,000 after buying an additional 6,646 shares during the last quarter. Green Street Investors LLC boosted its stake in Equity Residential by 66.8% in the first quarter. Green Street Investors LLC now owns 211,300 shares of the real estate investment trust’s stock valued at $13,147,000 after buying an additional 84,600 shares during the last quarter. Financial Architects Inc boosted its stake in Equity Residential by 5.9% in the first quarter. Financial Architects Inc now owns 1,694 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 94 shares during the last quarter. Land & Buildings Investment Management LLC purchased a new stake in Equity Residential during the first quarter valued at about $15,692,000. Finally, California Public Employees Retirement System boosted its stake in Equity Residential by 5.4% in the first quarter. California Public Employees Retirement System now owns 893,256 shares of the real estate investment trust’s stock valued at $55,578,000 after buying an additional 45,900 shares during the last quarter. Institutional investors own 92.39% of the company’s stock.
Equity Residential (NYSE EQR) opened at 67.35 on Thursday. The firm has a market capitalization of $24.74 billion, a PE ratio of 30.11 and a beta of 0.34. Equity Residential has a 12-month low of $58.28 and a 12-month high of $68.83. The company has a 50-day moving average price of $66.61 and a 200-day moving average price of $64.47.
Equity Residential (NYSE:EQR) last issued its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.77 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.77. Equity Residential had a net margin of 33.99% and a return on equity of 7.92%. The business had revenue of $612.48 million during the quarter, compared to analysts’ expectations of $609.37 million. During the same period last year, the company posted $0.76 EPS. The company’s revenue was up 2.9% on a year-over-year basis. On average, analysts predict that Equity Residential will post $1.41 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Monday, June 26th were given a dividend of $0.5038 per share. The ex-dividend date was Thursday, June 22nd. This represents a $2.02 dividend on an annualized basis and a yield of 2.99%. Equity Residential’s dividend payout ratio (DPR) is currently 90.58%.
Several equities research analysts recently issued reports on EQR shares. Bank of America Corporation upgraded Equity Residential from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Friday, June 16th. BidaskClub cut Equity Residential from a “buy” rating to a “hold” rating in a report on Saturday, July 1st. Jefferies Group LLC reiterated a “hold” rating and issued a $61.00 price objective on shares of Equity Residential in a report on Tuesday, May 30th. Barclays PLC reiterated an “equal weight” rating and issued a $64.00 price objective (up from $62.00) on shares of Equity Residential in a report on Wednesday, April 19th. Finally, TheStreet cut Equity Residential from a “b” rating to a “c+” rating in a report on Wednesday, May 17th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. Equity Residential presently has an average rating of “Hold” and a consensus target price of $68.08.
In related news, insider Michael L. Manelis sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $65.63, for a total transaction of $65,630.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider David S. Santee sold 10,967 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $67.93, for a total transaction of $744,988.31. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,838 shares of company stock worth $3,724,023. 3.79% of the stock is owned by company insiders.
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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