Czech National Bank Purchases 236 Shares of Equity Residential (NYSE:EQR)

Czech National Bank lifted its stake in Equity Residential (NYSE:EQRFree Report) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,520 shares of the real estate investment trust’s stock after purchasing an additional 236 shares during the quarter. Czech National Bank’s holdings in Equity Residential were worth $3,701,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Financial Gravity Asset Management Inc. boosted its position in shares of Equity Residential by 593.9% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 458 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 392 shares in the last quarter. Money Concepts Capital Corp bought a new stake in shares of Equity Residential in the 4th quarter worth approximately $29,000. First Horizon Advisors Inc. boosted its position in shares of Equity Residential by 229.8% in the 1st quarter. First Horizon Advisors Inc. now owns 554 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 386 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Equity Residential by 207.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 600 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 405 shares in the last quarter. Finally, Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of Equity Residential in the 3rd quarter worth approximately $40,000. 84.79% of the stock is owned by institutional investors.

Insider Activity

In related news, CAO Ian Kaufman sold 716 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $57.80, for a total value of $41,384.80. Following the completion of the transaction, the chief accounting officer now owns 23,949 shares of the company’s stock, valued at approximately $1,384,252.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Robert Garechana sold 876 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $57.80, for a total value of $50,632.80. Following the completion of the transaction, the chief financial officer now owns 20,933 shares of the company’s stock, valued at approximately $1,209,927.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Ian Kaufman sold 716 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $57.80, for a total transaction of $41,384.80. Following the completion of the transaction, the chief accounting officer now directly owns 23,949 shares of the company’s stock, valued at approximately $1,384,252.20. The disclosure for this sale can be found here. Insiders sold a total of 3,280 shares of company stock valued at $192,335 in the last 90 days. Company insiders own 1.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EQR. Mizuho decreased their price objective on shares of Equity Residential from $62.00 to $61.00 and set a “neutral” rating for the company in a report on Wednesday, February 28th. Royal Bank of Canada boosted their price objective on shares of Equity Residential from $65.00 to $66.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Morgan Stanley boosted their price objective on shares of Equity Residential from $58.00 to $64.00 and gave the stock an “equal weight” rating in a report on Monday, February 26th. Deutsche Bank Aktiengesellschaft began coverage on shares of Equity Residential in a report on Tuesday, January 30th. They issued a “hold” rating and a $64.00 price objective for the company. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $70.00 price objective on shares of Equity Residential in a report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $65.68.

View Our Latest Stock Analysis on Equity Residential

Equity Residential Trading Up 1.1 %

Shares of EQR stock opened at $63.03 on Friday. Equity Residential has a 1 year low of $52.57 and a 1 year high of $69.45. The firm has a fifty day moving average price of $60.59 and a 200-day moving average price of $59.62. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.30 and a quick ratio of 0.30. The company has a market cap of $23.92 billion, a price-to-earnings ratio of 28.65, a PEG ratio of 3.72 and a beta of 0.84.

Equity Residential (NYSE:EQRGet Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.18). Equity Residential had a net margin of 29.07% and a return on equity of 7.43%. The business had revenue of $727.50 million for the quarter, compared to the consensus estimate of $725.07 million. During the same period in the previous year, the firm earned $0.94 EPS. The company’s revenue was up 4.0% on a year-over-year basis. As a group, equities analysts predict that Equity Residential will post 3.8 earnings per share for the current year.

Equity Residential Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Monday, March 25th will be given a dividend of $0.675 per share. This is an increase from Equity Residential’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Friday, March 22nd. This represents a $2.70 dividend on an annualized basis and a dividend yield of 4.28%. Equity Residential’s payout ratio is presently 120.45%.

Equity Residential Company Profile

(Free Report)

Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, is focused on the acquisition, development and management of residential properties located in and around dynamic cities that attract affluent long-term renters. Equity Residential owns or has investments in 305 properties consisting of 80,683 apartment units, with an established presence in Boston, New York, Washington, DC, Seattle, San Francisco and Southern California, and an expanding presence in Denver, Atlanta, Dallas/Ft.

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

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