Goodwin Daniel L cut its holdings in Equity Residential (NYSE:EQR) by 5.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,764 shares of the real estate investment trust’s stock after selling 1,500 shares during the period. Equity Residential comprises about 0.8% of Goodwin Daniel L’s holdings, making the stock its 13th largest position. Goodwin Daniel L’s holdings in Equity Residential were worth $1,764,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the business. BlackRock Inc. raised its stake in Equity Residential by 2.3% in the second quarter. BlackRock Inc. now owns 34,594,954 shares of the real estate investment trust’s stock valued at $2,277,386,000 after buying an additional 794,065 shares in the last quarter. APG Asset Management US Inc. raised its stake in Equity Residential by 1.8% in the second quarter. APG Asset Management US Inc. now owns 15,060,400 shares of the real estate investment trust’s stock valued at $991,426,000 after buying an additional 269,599 shares in the last quarter. PGGM Investments raised its stake in Equity Residential by 1.7% in 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 buying an additional 121,040 shares in the last quarter. FMR LLC raised its stake in Equity Residential by 16.4% in the second quarter. FMR LLC now owns 6,697,809 shares of the real estate investment trust’s stock valued at $440,917,000 after buying an additional 945,524 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Equity Residential by 0.7% in the second quarter. Northern Trust Corp now owns 6,191,537 shares of the real estate investment trust’s stock valued at $407,588,000 after buying an additional 42,971 shares in the last quarter. Institutional investors own 91.04% of the company’s stock.
Equity Residential (NYSE EQR) traded up 0.74% during trading on Friday, hitting $67.65. The company had a trading volume of 1,561,677 shares. The company has a market cap of $24.85 billion, a PE ratio of 30.27 and a beta of 0.37. Equity Residential has a 12 month low of $58.28 and a 12 month high of $68.83. The company’s 50 day moving average price is $66.71 and its 200-day moving average price is $66.36.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Monday, September 25th were paid a dividend of $0.5038 per share. The ex-dividend date was Friday, September 22nd. This represents a $2.02 annualized dividend and a yield of 2.98%. Equity Residential’s dividend payout ratio (DPR) is 99.02%.
A number of analysts have recently commented on EQR shares. BidaskClub cut Equity Residential from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Deutsche Bank AG lifted their target price on Equity Residential from $67.00 to $69.00 and gave the stock a “hold” rating in a research report on Friday, August 18th. Royal Bank Of Canada reiterated a “hold” rating on shares of Equity Residential in a research report on Monday, July 31st. Jefferies Group LLC reiterated a “hold” rating and set a $67.00 target price on shares of Equity Residential in a research report on Monday, July 17th. Finally, Zacks Investment Research upgraded Equity Residential from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a research report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $68.36.
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In related news, CEO David J. Neithercut sold 75,000 shares of the stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $68.10, for a total transaction of $5,107,500.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO David J. Neithercut sold 49,369 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $68.02, for a total transaction of $3,358,079.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 173,622 shares of company stock worth $11,816,599. 3.79% of the stock is owned by company insiders.
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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