Equity Residential (EQR) Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its stake in shares of Equity Residential (NYSE:EQR) by 45.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 232,114 shares of the real estate investment trust’s stock after purchasing an additional 72,520 shares during the quarter. State of Alaska Department of Revenue owned 0.06% of Equity Residential worth $14,798,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in the business. Cohen & Steers Inc. raised its stake in shares of Equity Residential by 109.4% during the third quarter. Cohen & Steers Inc. now owns 14,548,725 shares of the real estate investment trust’s stock worth $959,197,000 after acquiring an additional 7,600,203 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Equity Residential by 113.9% during the third quarter. Daiwa Securities Group Inc. now owns 7,724,194 shares of the real estate investment trust’s stock worth $509,256,000 after acquiring an additional 4,112,438 shares in the last quarter. PGGM Investments raised its stake in shares of Equity Residential by 1.7% during the third quarter. PGGM Investments now owns 7,272,978 shares of the real estate investment trust’s stock worth $479,507,000 after acquiring an additional 121,040 shares in the last quarter. FMR LLC raised its stake in shares of Equity Residential by 16.4% during the second quarter. FMR LLC now owns 6,697,809 shares of the real estate investment trust’s stock worth $440,917,000 after acquiring an additional 945,524 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Equity Residential by 0.7% during the second quarter. Northern Trust Corp now owns 6,191,537 shares of the real estate investment trust’s stock worth $407,588,000 after acquiring an additional 42,971 shares in the last quarter. Institutional investors and hedge funds own 94.04% of the company’s stock.

Equity Residential (NYSE EQR) opened at $60.45 on Friday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86. The stock has a market cap of $22,361.45, a price-to-earnings ratio of 29.63, a price-to-earnings-growth ratio of 2.96 and a beta of 0.36. Equity Residential has a 1 year low of $59.49 and a 1 year high of $70.46.

Equity Residential (NYSE:EQR) last issued its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.42). Equity Residential had a net margin of 30.88% and a return on equity of 7.22%. equities research analysts predict that Equity Residential will post 3.12 earnings per share for the current year.

The business 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. This represents a $2.02 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend was Friday, December 29th. Equity Residential’s payout ratio is currently 99.02%.

Several brokerages recently commented on EQR. Edward Jones raised shares of Equity Residential from a “hold” rating to a “buy” rating in a research note on Tuesday. SunTrust Banks set a $71.00 target price on shares of Equity Residential and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Mizuho raised shares of Equity Residential from a “neutral” rating to a “buy” rating and set a $76.00 target price on the stock in a research note on Monday, November 6th. TheStreet downgraded shares of Equity Residential from a “b” rating to a “c+” rating in a research note on Tuesday, October 24th. Finally, Stifel Nicolaus decreased their target price on shares of Equity Residential from $71.00 to $68.00 and set a “hold” rating on the stock in a research note on Friday, October 27th. Two research 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. The company has an average rating of “Hold” and an average price target of $69.13.

In other Equity Residential news, insider Alexander Brackenridge sold 6,497 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $69.41, for a total transaction of $450,956.77. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO David J. Neithercut sold 100,000 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $70.17, for a total transaction of $7,017,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 402,380 shares of company stock worth $27,663,622. Insiders own 3.79% of the company’s stock.

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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.

Institutional Ownership by Quarter for Equity Residential (NYSE:EQR)

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