Equity Residential (EQR) Stake Lessened by Sei Investments Co.

Sei Investments Co. lowered its stake in shares of Equity Residential (NYSE:EQR) by 6.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 860,601 shares of the real estate investment trust’s stock after selling 63,817 shares during the quarter. Sei Investments Co. owned about 0.23% of Equity Residential worth $54,880,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. APG Asset Management US Inc. increased its holdings in shares of Equity Residential by 0.4% during the fourth 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 acquiring an additional 61,600 shares in the last quarter. Cohen & Steers Inc. increased its holdings 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 valued at $959,197,000 after acquiring an additional 7,600,203 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Equity Residential by 1.0% during the fourth 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 acquiring an additional 76,542 shares in the last quarter. PGGM Investments increased its holdings 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 valued at $479,507,000 after acquiring an additional 121,040 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Equity Residential by 1.9% during the third 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 acquiring an additional 97,505 shares in the last quarter. Hedge funds and other institutional investors own 93.55% of the company’s stock.

EQR has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Equity Residential from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Royal Bank of Canada restated a “hold” rating and set a $70.00 price objective on shares of Equity Residential in a report on Friday, October 20th. SunTrust Banks set a $71.00 price objective on shares of Equity Residential and gave the company a “buy” rating in a report on Tuesday, October 24th. TheStreet downgraded shares of Equity Residential from a “b” rating to a “c+” rating in a report on Tuesday, October 24th. Finally, Stifel Nicolaus cut their price objective on shares of Equity Residential from $71.00 to $68.00 and set a “hold” rating on the stock in a report on Friday, October 27th. 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. The company has a consensus rating of “Hold” and an average price target of $67.87.

In related news, EVP Scott Fenster sold 449 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $58.18, for a total value of $26,122.82. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Mark J. Parrell sold 7,355 shares of the 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 $427,913.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,077 shares of company stock worth $819,000. 3.79% of the stock is owned by corporate insiders.

Equity Residential (NYSE EQR) opened at $56.99 on Wednesday. Equity Residential has a fifty-two week low of $54.97 and a fifty-two week high of $70.46. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.29 and a quick ratio of 0.24. The firm has a market cap of $20,833.50, a P/E ratio of 34.96, a P/E/G ratio of 2.77 and a beta of 0.34.

Equity Residential (NYSE:EQR) last issued its quarterly earnings results on Tuesday, January 30th. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.47). Equity Residential had a return on equity of 5.76% and a net margin of 24.39%. The business had revenue of $630.50 million during the quarter, compared to analyst estimates of $625.83 million. During the same quarter last year, the company posted $0.79 EPS. Equity Residential’s quarterly revenue was up 4.2% compared to the same quarter last year. analysts expect that Equity Residential will post 3.23 earnings per share for the current year.

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

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