Supplemental Annuity Collective Trust of NJ reduced its holdings in shares of Equity Residential (NYSE:EQR) by 12.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,000 shares of the real estate investment trust’s stock after selling 1,181 shares during the quarter. Supplemental Annuity Collective Trust of NJ’s holdings in Equity Residential were worth $527,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in EQR. KCG Holdings Inc. purchased a new position in shares of Equity Residential during the 1st quarter valued at approximately $712,000. Tudor Investment Corp ET AL purchased a new position in shares of Equity Residential during the 1st quarter valued at approximately $816,000. Xact Kapitalforvaltning AB boosted its stake in shares of Equity Residential by 2.7% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 45,070 shares of the real estate investment trust’s stock valued at $2,967,000 after buying an additional 1,192 shares during the last quarter. National Pension Service boosted its stake in shares of Equity Residential by 14.4% during the 2nd quarter. National Pension Service now owns 362,574 shares of the real estate investment trust’s stock valued at $24,039,000 after buying an additional 45,621 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in shares of Equity Residential by 525.9% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 61,036 shares of the real estate investment trust’s stock valued at $4,018,000 after buying an additional 51,284 shares during the last quarter. Institutional investors own 90.94% of the company’s stock.
Several research firms have recently commented on EQR. BidaskClub cut Equity Residential from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Deutsche Bank AG increased their target price on Equity Residential from $67.00 to $69.00 and gave the company a “hold” rating in a research note on Friday, August 18th. Royal Bank Of Canada reiterated a “hold” rating on shares of Equity Residential in a research note 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 note 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 for the company in a research note on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $68.36.
Shares of Equity Residential (NYSE EQR) opened at 67.65 on Monday. The firm has a 50-day moving average price of $66.71 and a 200 day moving average price of $66.36. The firm has a market capitalization of $24.85 billion, a price-to-earnings 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 firm also recently declared a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Monday, September 25th were issued a $0.5038 dividend. The ex-dividend date of this dividend was Friday, September 22nd. This represents a $2.02 annualized dividend and a dividend yield of 2.98%. Equity Residential’s dividend payout ratio (DPR) is currently 99.02%.
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In other Equity Residential news, CEO David J. Neithercut sold 75,000 shares of the stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $68.10, for a total value of $5,107,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bruce C. Strohm sold 25,000 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $68.00, for a total value of $1,700,000.00. The disclosure for this sale can be found here. Insiders sold 173,622 shares of company stock valued at $11,816,599 over the last 90 days. Corporate insiders own 3.79% of the company’s stock.
Equity Residential 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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