Equity Residential (NYSE:EQR) COO David S. Santee sold 5,589 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $58.18, for a total transaction of $325,168.02. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Equity Residential (NYSE EQR) traded down $1.60 during trading hours on Thursday, hitting $55.26. 3,416,954 shares of the company traded hands, compared to its average volume of 2,186,732. Equity Residential has a twelve month low of $55.25 and a twelve month high of $70.46. The company has a quick ratio of 0.24, a current ratio of 0.29 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $21,238.32, a PE ratio of 34.83, a PEG ratio of 2.81 and a beta of 0.34.
Equity Residential (NYSE:EQR) last released its earnings results on Tuesday, January 30th. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.47). Equity Residential had a net margin of 24.39% and a return on equity of 5.76%. The firm had revenue of $630.50 million during the quarter, compared to the consensus estimate of $625.83 million. During the same period in the prior year, the business posted $0.79 earnings per share. Equity Residential’s quarterly revenue was up 4.2% compared to the same quarter last year. research analysts predict that Equity Residential will post 3.24 EPS for the current year.
The firm also recently declared 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 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend was Friday, December 29th. Equity Residential’s dividend payout ratio is 123.93%.
A number of institutional investors have recently made changes to their positions in the business. APG Asset Management US Inc. lifted its holdings in Equity Residential by 0.4% during 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 purchasing an additional 61,600 shares during the last quarter. Cohen & Steers Inc. lifted its holdings in Equity Residential by 109.4% during 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 purchasing an additional 7,600,203 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in Equity Residential by 1.0% during 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 purchasing an additional 76,542 shares during the last quarter. PGGM Investments lifted its holdings in Equity Residential by 1.7% during the 3rd quarter. PGGM Investments now owns 7,272,978 shares of the real estate investment trust’s stock valued at $479,507,000 after purchasing an additional 121,040 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Equity Residential by 1.9% during 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 purchasing an additional 97,505 shares during the last quarter. 93.88% of the stock is owned by institutional investors and hedge funds.
Several brokerages have recently weighed in on EQR. Cantor Fitzgerald set a $66.00 price target on shares of Equity Residential and gave the stock a “hold” rating in a research note on Monday. Jefferies Group reaffirmed a “hold” rating and set a $62.00 price target on shares of Equity Residential in a research note on Monday. Stifel Nicolaus decreased their price target on shares of Equity Residential from $64.00 to $60.00 and set a “hold” rating for the company in a research note on Thursday, February 1st. SunTrust Banks set a $69.00 target price on shares of Equity Residential and gave the company a “buy” rating in a research note on Monday, January 22nd. Finally, Edward Jones raised shares of Equity Residential from a “hold” rating to a “buy” rating in a research note on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $68.47.
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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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