Janus Henderson Group PLC Sells 144,806 Shares of Equity Residential (EQR)

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Janus Henderson Group PLC lowered its holdings in shares of Equity Residential (NYSE:EQR) by 40.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 213,758 shares of the real estate investment trust’s stock after selling 144,806 shares during the quarter. Janus Henderson Group PLC’s holdings in Equity Residential were worth $13,615,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Sumitomo Life Insurance Co. grew its stake in Equity Residential by 4.5% in the 2nd quarter. Sumitomo Life Insurance Co. now owns 19,456 shares of the real estate investment trust’s stock valued at $1,239,000 after buying an additional 835 shares during the last quarter. Oakbrook Investments LLC grew its stake in Equity Residential by 7.6% in the 2nd quarter. Oakbrook Investments LLC now owns 15,204 shares of the real estate investment trust’s stock valued at $968,000 after buying an additional 1,075 shares during the last quarter. Anchor Capital Advisors LLC grew its stake in Equity Residential by 26.1% in the 1st quarter. Anchor Capital Advisors LLC now owns 5,415 shares of the real estate investment trust’s stock valued at $334,000 after buying an additional 1,120 shares during the last quarter. TD Asset Management Inc. grew its stake in Equity Residential by 1.2% in the 2nd quarter. TD Asset Management Inc. now owns 105,423 shares of the real estate investment trust’s stock valued at $6,714,000 after buying an additional 1,233 shares during the last quarter. Finally, Blair William & Co. IL grew its stake in Equity Residential by 10.8% in the 1st quarter. Blair William & Co. IL now owns 12,946 shares of the real estate investment trust’s stock valued at $798,000 after buying an additional 1,264 shares during the last quarter. Institutional investors and hedge funds own 87.39% of the company’s stock.

NYSE EQR opened at $67.83 on Friday. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $24.95 billion, a price-to-earnings ratio of 21.11, a P/E/G ratio of 3.51 and a beta of 0.37. Equity Residential has a 52-week low of $54.97 and a 52-week high of $70.46.

Equity Residential (NYSE:EQR) last posted its quarterly earnings results on Tuesday, July 24th. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.01. The company had revenue of $639.62 million for the quarter, compared to analyst estimates of $637.34 million. Equity Residential had a net margin of 23.27% and a return on equity of 5.63%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the business posted $0.77 EPS. research analysts forecast that Equity Residential will post 3.24 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 12th. Shareholders of record on Monday, September 24th will be given a $0.54 dividend. The ex-dividend date of this dividend is Friday, September 21st. This represents a $2.16 annualized dividend and a yield of 3.18%. Equity Residential’s dividend payout ratio is 69.01%.

A number of research analysts recently issued reports on EQR shares. ValuEngine upgraded shares of Equity Residential from a “sell” rating to a “hold” rating in a research note on Friday, June 1st. Bank of America raised their target price on shares of Equity Residential from $74.00 to $76.00 and gave the company a “buy” rating in a research note on Friday, June 8th. Morgan Stanley lowered their target price on shares of Equity Residential from $66.50 to $63.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 14th. Stifel Nicolaus raised their target price on shares of Equity Residential from $60.00 to $68.00 and gave the company a “hold” rating in a research note on Thursday, July 26th. Finally, Mizuho reiterated a “buy” rating and issued a $76.00 target price on shares of Equity Residential in a research note on Monday, August 6th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $67.57.

In other Equity Residential news, Vice Chairman Gerald A. Spector sold 13,024 shares of the firm’s stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $67.50, for a total value of $879,120.00. Following the sale, the insider now directly owns 294,287 shares in the company, valued at approximately $19,864,372.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael L. Manelis sold 670 shares of the firm’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $67.91, for a total transaction of $45,499.70. The disclosure for this sale can be found here. Insiders sold a total of 48,769 shares of company stock worth $3,308,451 over the last 90 days. Company insiders own 3.75% of the company’s stock.

Equity Residential Profile

Equity Residential is an S&P 500 company focused on the acquisition, development and management of rental apartment properties in urban and high-density suburban coastal gateway markets where today's renters want to live, work and play. Equity Residential owns or has investments in 303 properties consisting of 78,399 apartment units, primarily located in Boston, New York, Washington, DC, Seattle, San Francisco and Southern California.

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

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