First Trust Advisors LP Acquires 28,141 Shares of Equity Residential (EQR)

First Trust Advisors LP lifted its holdings in shares of Equity Residential (NYSE:EQR) by 6.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 481,988 shares of the real estate investment trust’s stock after buying an additional 28,141 shares during the quarter. First Trust Advisors LP’s holdings in Equity Residential were worth $30,736,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in EQR. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Equity Residential by 11.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 4,837 shares of the real estate investment trust’s stock worth $318,000 after buying an additional 490 shares during the period. Dynamic Technology Lab Private Ltd lifted its position in Equity Residential by 1.8% in the second quarter. Dynamic Technology Lab Private Ltd now owns 3,558 shares of the real estate investment trust’s stock valued at $235,000 after purchasing an additional 64 shares during the period. Eqis Capital Management Inc. acquired a new stake in Equity Residential in the third quarter valued at about $216,000. Mutual of America Capital Management LLC lifted its position in Equity Residential by 3.7% in the third quarter. Mutual of America Capital Management LLC now owns 46,402 shares of the real estate investment trust’s stock valued at $3,059,000 after purchasing an additional 1,661 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its position in Equity Residential by 42.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 20,549 shares of the real estate investment trust’s stock valued at $1,355,000 after purchasing an additional 6,173 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.

Shares of Equity Residential (NYSE:EQR) opened at $57.64 on Wednesday. Equity Residential has a 12-month low of $54.97 and a 12-month high of $70.46. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 0.29. The stock has a market cap of $21,334.01, a P/E ratio of 18.46, a PEG ratio of 3.02 and a beta of 0.34.

Equity Residential (NYSE:EQR) last posted 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 net margin of 24.39% and a return on equity of 5.76%. The company had revenue of $630.50 million for the quarter, compared to analyst estimates of $625.83 million. During the same quarter in the previous year, the business posted $0.79 earnings per share. Equity Residential’s revenue was up 4.2% on a year-over-year basis. sell-side analysts anticipate that Equity Residential will post 3.23 earnings per share for the current year.

In other news, CFO Mark J. Parrell sold 7,355 shares of Equity Residential stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $58.18, for a total transaction of $427,913.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Scott Fenster sold 449 shares of Equity Residential stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $58.18, for a total transaction of $26,122.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,077 shares of company stock valued at $819,000. Insiders own 3.79% of the company’s stock.

A number of equities research analysts recently commented on EQR shares. Stifel Nicolaus reduced their price objective on shares of Equity Residential from $71.00 to $68.00 and set a “hold” rating for the company in a research report on Friday, October 27th. Robert W. Baird restated a “hold” rating and issued a $70.00 price objective on shares of Equity Residential in a research report on Friday, November 10th. Zacks Investment Research upgraded shares of Equity Residential from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. TheStreet downgraded shares of Equity Residential from a “b” rating to a “c+” rating in a research report on Tuesday, October 24th. Finally, Mizuho upgraded shares of Equity Residential from a “neutral” rating to a “buy” rating and set a $76.00 price objective for the company in a research report on Monday, November 6th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. Equity Residential has a consensus rating of “Hold” and an average price target of $67.87.

TRADEMARK VIOLATION WARNING: “First Trust Advisors LP Acquires 28,141 Shares of Equity Residential (EQR)” was originally reported by Week Herald and is owned by of Week Herald. If you are viewing this piece of content on another publication, it was stolen and republished in violation of United States & international trademark & copyright legislation. The legal version of this piece of content can be read at https://weekherald.com/2018/02/21/first-trust-advisors-lp-acquires-28141-shares-of-equity-residential-eqr.html.

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.

Want to see what other hedge funds are holding EQR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equity Residential (NYSE:EQR).

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

Receive News & Ratings for Equity Residential Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity Residential and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply