APG Asset Management N.V. Sells 504,400 Shares of Equity Residential (EQR)

APG Asset Management N.V. reduced its position in Equity Residential (NYSE:EQR) by 70.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 214,917 shares of the real estate investment trust’s stock after selling 504,400 shares during the period. APG Asset Management N.V.’s holdings in Equity Residential were worth $11,413,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. SG Americas Securities LLC lifted its holdings in shares of Equity Residential by 129.1% in the 4th quarter. SG Americas Securities LLC now owns 122,584 shares of the real estate investment trust’s stock worth $7,817,000 after purchasing an additional 69,072 shares in the last quarter. Denali Advisors LLC lifted its stake in Equity Residential by 698.4% during the 4th quarter. Denali Advisors LLC now owns 101,600 shares of the real estate investment trust’s stock valued at $6,479,000 after acquiring an additional 88,875 shares in the last quarter. Strs Ohio lifted its stake in Equity Residential by 1.3% during the 4th quarter. Strs Ohio now owns 791,159 shares of the real estate investment trust’s stock valued at $50,452,000 after acquiring an additional 10,276 shares in the last quarter. Bowling Portfolio Management LLC bought a new position in Equity Residential during the 4th quarter valued at $607,000. Finally, APG Asset Management US Inc. lifted its stake in Equity Residential by 0.4% during the 4th 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. Institutional investors own 94.08% of the company’s stock.

In other news, insider Alan W. George sold 84,326 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $69.47, for a total transaction of $5,858,127.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Alexander Brackenridge sold 6,497 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $69.41, for a total value of $450,956.77. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 213,729 shares of company stock valued at $14,911,408. Insiders own 3.79% of the company’s stock.

Several equities analysts have weighed in on the company. Stifel Nicolaus dropped their price objective on Equity Residential from $64.00 to $60.00 and set a “hold” rating on the stock in a research note on Thursday. Edward Jones upgraded Equity Residential from a “hold” rating to a “buy” rating in a research note on Tuesday, January 16th. Zacks Investment Research cut Equity Residential from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Robert W. Baird restated a “hold” rating and set a $65.00 price objective on shares of Equity Residential in a research note on Tuesday, January 9th. Finally, SunTrust Banks set a $69.00 price objective on Equity Residential and gave the company a “buy” rating in a research note on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. Equity Residential presently has a consensus rating of “Hold” and a consensus target price of $68.47.

Shares of Equity Residential (NYSE EQR) opened at $60.33 on Friday. Equity Residential has a 12-month low of $59.51 and a 12-month high of $70.46. The stock has a market capitalization of $22,258.55, a price-to-earnings ratio of 37.01, a PEG ratio of 2.94 and a beta of 0.36. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 0.24.

Equity Residential (NYSE:EQR) last announced its earnings results on Tuesday, January 30th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.47). Equity Residential had a net margin of 24.39% and a return on equity of 5.75%. The business had revenue of $630.50 million for the quarter, compared to analysts’ expectations of $625.83 million. During the same period in the prior year, the business earned $0.79 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. sell-side analysts predict that Equity Residential will post 3.25 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Tuesday, January 2nd were given a dividend of $0.5038 per share. This represents a $2.02 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend was Friday, December 29th. Equity Residential’s dividend payout ratio is presently 123.93%.

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

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