Commerzbank Aktiengesellschaft FI reduced its holdings in shares of Equity Residential (NYSE:EQR) by 12.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,895 shares of the real estate investment trust’s stock after selling 1,256 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Equity Residential were worth $567,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. D.A. Davidson & CO. lifted its holdings in 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 worth $123,000 after purchasing an additional 73 shares during the last quarter. Amica Retiree Medical Trust acquired a new stake in Equity Residential during the 3rd quarter worth approximately $135,000. Zions Bancorporation lifted its holdings in Equity Residential by 3,348.4% during the 3rd quarter. Zions Bancorporation now owns 2,138 shares of the real estate investment trust’s stock worth $141,000 after purchasing an additional 2,076 shares during the last quarter. Americafirst Capital Management LLC acquired a new stake in Equity Residential during the 3rd quarter worth approximately $171,000. Finally, Prudential PLC acquired a new stake in Equity Residential during the 2nd quarter worth approximately $209,000. Institutional investors own 93.55% of the company’s stock.
In related news, EVP Scott Fenster sold 449 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $58.18, for a total transaction of $26,122.82. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Mark J. Parrell sold 7,355 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $58.18, for a total value of $427,913.90. The disclosure for this sale can be found here. Insiders sold a total of 14,077 shares of company stock worth $819,000 in the last quarter. Corporate insiders own 3.79% of the company’s stock.
Shares of Equity Residential (EQR) opened at $56.61 on Tuesday. The firm has a market capitalization of $20,848.23, a price-to-earnings ratio of 18.04, a P/E/G ratio of 2.77 and a beta of 0.34. Equity Residential has a 52-week low of $54.97 and a 52-week high of $70.46. The company has a current ratio of 0.29, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86.
Equity Residential (NYSE:EQR) last released its quarterly earnings results on Tuesday, January 30th. The real estate investment trust reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.47). Equity Residential had a net margin of 24.39% and a return on equity of 5.76%. The company had revenue of $630.50 million during the quarter, compared to the consensus estimate of $625.83 million. During the same quarter last year, the firm posted $0.79 EPS. The company’s quarterly revenue was up 4.2% on a year-over-year basis. analysts forecast that Equity Residential will post 3.23 earnings per share for the current fiscal year.
Several equities analysts have weighed in on EQR shares. Robert W. Baird reaffirmed a “hold” rating and issued a $70.00 price objective on shares of Equity Residential in a report on Friday, November 10th. Mizuho raised Equity Residential from a “neutral” rating to a “buy” rating and set a $76.00 price objective for the company in a report on Monday, November 6th. BMO Capital Markets reaffirmed a “hold” rating and issued a $69.00 price objective on shares of Equity Residential in a report on Monday, November 27th. Zacks Investment Research cut Equity Residential from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Finally, Stifel Nicolaus lowered their price target on Equity Residential from $71.00 to $68.00 and set a “hold” rating for the company in a report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $67.87.
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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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