State of Wisconsin Investment Board boosted its holdings in Equity Residential (NYSE:EQR) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 439,594 shares of the real estate investment trust’s stock after purchasing an additional 1,893 shares during the period. State of Wisconsin Investment Board owned approximately 0.12% of Equity Residential worth $28,033,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of EQR. Amica Retiree Medical Trust bought a new position in shares of Equity Residential during the third quarter valued at about $135,000. Zions Bancorporation raised its stake in shares of Equity Residential by 3,348.4% during the third 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 during the last quarter. Americafirst Capital Management LLC bought a new position in shares of Equity Residential during the third quarter valued at about $171,000. Eqis Capital Management Inc. bought a new position in shares of Equity Residential during the third quarter valued at about $216,000. Finally, Advisory Services Network LLC bought a new position in shares of Equity Residential during the fourth quarter valued at about $221,000. 93.99% of the stock is owned by institutional investors and hedge funds.
Several brokerages have 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, January 16th. BMO Capital Markets reaffirmed a “hold” rating and set a $69.00 price objective on shares of Equity Residential in a research note on Monday, November 27th. Robert W. Baird reaffirmed a “hold” rating and set a $65.00 price objective on shares of Equity Residential in a research note on Tuesday, January 9th. Mizuho set a $67.00 price objective on shares of Equity Residential and gave the company a “buy” rating in a research note on Friday, February 9th. Finally, SunTrust Banks set a $69.00 price objective on shares of Equity Residential and gave the company a “buy” rating in a research note on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. Equity Residential has an average rating of “Hold” and a consensus price target of $67.87.
Equity Residential (NYSE EQR) opened at $57.97 on Tuesday. Equity Residential has a one year low of $54.97 and a one year high of $70.46. The stock has a market cap of $21,334.01, a PE ratio of 18.46, a P/E/G ratio of 3.02 and a beta of 0.34. The company has a quick ratio of 0.24, a current ratio of 0.29 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 earnings per share (EPS) for the quarter, missing the Zacks’ 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 company had revenue of $630.50 million during the quarter, compared to the consensus estimate of $625.83 million. During the same period in the previous year, the company earned $0.79 earnings per share. Equity Residential’s quarterly revenue was up 4.2% on a year-over-year basis. analysts anticipate that Equity Residential will post 3.23 EPS for the current year.
In related news, EVP Scott Fenster sold 449 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $58.18, for a total value of $26,122.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO David S. Santee sold 5,589 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 $325,168.02. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,077 shares of company stock valued at $819,000. 3.79% of the stock is owned by insiders.
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About Equity Residential
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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