Equity Residential (NYSE:EQR) Position Maintained by Hanson & Doremus Investment Management

Hanson & Doremus Investment Management maintained its stake in Equity Residential (NYSE:EQR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,369 shares of the real estate investment trust’s stock at the end of the second quarter. Hanson & Doremus Investment Management’s holdings in Equity Residential were worth $353,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Anchor Capital Advisors LLC boosted its stake in Equity Residential by 1.4% in the first quarter. Anchor Capital Advisors LLC now owns 3,625 shares of the real estate investment trust’s stock valued at $226,000 after buying an additional 50 shares in the last quarter. Delta Asset Management LLC TN boosted its stake in Equity Residential by 2.9% in the first quarter. Delta Asset Management LLC TN now owns 2,012 shares of the real estate investment trust’s stock valued at $125,000 after buying an additional 57 shares in the last quarter. Financial Architects Inc boosted its stake in Equity Residential by 5.9% in the first quarter. Financial Architects Inc now owns 1,694 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 94 shares in the last quarter. Cleararc Capital Inc. boosted its stake in Equity Residential by 1.1% in the first quarter. Cleararc Capital Inc. now owns 8,993 shares of the real estate investment trust’s stock valued at $560,000 after buying an additional 100 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its stake in Equity Residential by 0.4% in the first quarter. Oppenheimer & Co. Inc. now owns 27,252 shares of the real estate investment trust’s stock valued at $1,695,000 after buying an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 91.81% of the company’s stock.

Shares of Equity Residential (EQR) opened at 67.17 on Friday. The stock’s 50 day moving average price is $66.74 and its 200 day moving average price is $64.74. The company has a market capitalization of $24.67 billion, a price-to-earnings ratio of 30.05 and a beta of 0.34. Equity Residential has a 1-year low of $58.28 and a 1-year high of $68.83.

Equity Residential (NYSE:EQR) last announced its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.77. The company had revenue of $612.48 million during the quarter, compared to analyst estimates of $609.37 million. Equity Residential had a net margin of 33.99% and a return on equity of 7.92%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.76 EPS. Analysts expect that Equity Residential will post $1.44 EPS for the current year.

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Several research firms recently commented on EQR. UBS AG cut Equity Residential from a “buy” rating to a “neutral” rating and set a $68.00 target price on the stock. in a research report on Thursday, July 6th. BidaskClub upgraded Equity Residential from a “hold” rating to a “buy” rating in a research report on Thursday. Deutsche Bank AG lifted their price target on Equity Residential from $67.00 to $69.00 and gave the company a “hold” rating in a research report on Friday. BMO Capital Markets reiterated a “hold” rating and set a $66.00 price target on shares of Equity Residential in a research report on Thursday, May 25th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $67.00 price target on shares of Equity Residential in a research report on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $68.00.

In related news, insider Michael L. Manelis sold 1,000 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $65.63, for a total value of $65,630.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Alan W. George sold 28,157 shares of the company’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $65.93, for a total transaction of $1,856,391.01. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 59,124 shares of company stock valued at $3,945,054. Company insiders own 3.79% of the company’s stock.

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.

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

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