Exxonmobil Investment Management Inc. TX cut its holdings in Equity Residential (NYSE:EQR) by 12.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 58,432 shares of the real estate investment trust’s stock after selling 8,645 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in Equity Residential were worth $3,726,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. D.A. Davidson & CO. lifted its holdings in shares of Equity Residential by 4.1% during the 2nd quarter. D.A. Davidson & CO. now owns 1,873 shares of the real estate investment trust’s stock valued at $123,000 after purchasing an additional 73 shares in the last quarter. Amica Retiree Medical Trust bought a new stake in Equity Residential in the 3rd quarter valued at approximately $135,000. Zions Bancorporation lifted its stake in Equity Residential by 3,348.4% in the 3rd quarter. Zions Bancorporation now owns 2,138 shares of the real estate investment trust’s stock valued at $141,000 after acquiring an additional 2,076 shares in the last quarter. Americafirst Capital Management LLC bought a new stake in Equity Residential in the 3rd quarter valued at approximately $171,000. Finally, Sun Life Financial INC lifted its stake in Equity Residential by 22,450.0% in the 2nd quarter. Sun Life Financial INC now owns 2,706 shares of the real estate investment trust’s stock valued at $178,000 after acquiring an additional 2,694 shares in the last quarter. Institutional investors own 94.04% of the company’s stock.
Equity Residential (EQR) opened at $60.47 on Friday. The stock has a market capitalization of $22,220.00, a P/E ratio of 20.85, a price-to-earnings-growth ratio of 2.94 and a beta of 0.36. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.86. Equity Residential has a fifty-two week low of $59.49 and a fifty-two week high of $70.46.
Equity Residential (NYSE:EQR) last posted its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.37 earnings per share 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 analysts expect that Equity Residential will post 3.12 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Tuesday, January 2nd were issued a $0.5038 dividend. The ex-dividend date was Friday, December 29th. This represents a $2.02 dividend on an annualized basis and a dividend yield of 3.33%. Equity Residential’s dividend payout ratio is presently 69.66%.
In other Equity Residential news, insider Alan W. George sold 84,326 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $69.47, for a total value of $5,858,127.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David J. Neithercut sold 100,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $70.17, for a total value of $7,017,000.00. The disclosure for this sale can be found here. Insiders have sold 402,380 shares of company stock worth $27,663,622 over the last quarter. 3.79% of the stock is currently owned by corporate insiders.
Several research firms have commented on EQR. BMO Capital Markets restated a “hold” rating and issued a $69.00 target price on shares of Equity Residential in a research note on Monday, November 27th. Edward Jones raised Equity Residential from a “hold” rating to a “buy” rating in a report on Tuesday. Robert W. Baird reaffirmed a “hold” rating and issued a $65.00 price objective on shares of Equity Residential in a report on Tuesday, January 9th. Mizuho raised Equity Residential from a “neutral” rating to a “buy” rating and set a $76.00 price objective on the stock in a report on Monday, November 6th. Finally, Zacks Investment Research downgraded Equity Residential from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $69.13.
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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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