Stanley Laman Group Ltd. Has $1.77 Million Holdings in Equity Residential (EQR)

Stanley Laman Group Ltd. cut its holdings in shares of Equity Residential (NYSE:EQR) by 4.6% during the 3rd quarter, Holdings Channel reports. The firm owned 26,772 shares of the real estate investment trust’s stock after selling 1,280 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Equity Residential were worth $1,774,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Landaas & Co. WI ADV bought a new stake in shares of Equity Residential in the 2nd quarter valued at approximately $101,000. Lenox Wealth Management Inc. bought a new stake in shares of Equity Residential in the 3rd quarter valued at approximately $426,000. Girard Partners LTD. bought a new stake in shares of Equity Residential in the 2nd quarter valued at approximately $203,000. Marco Investment Management LLC bought a new stake in shares of Equity Residential in the 2nd quarter valued at approximately $205,000. Finally, HL Financial Services LLC increased its holdings in shares of Equity Residential by 156.6% in the 2nd quarter. HL Financial Services LLC now owns 3,265 shares of the real estate investment trust’s stock valued at $208,000 after acquiring an additional 9,030 shares during the last quarter. Institutional investors own 87.34% of the company’s stock.

In related news, Vice Chairman Gerald A. Spector sold 13,024 shares of the business’s stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $67.50, for a total transaction of $879,120.00. Following the completion of the transaction, the insider now owns 294,287 shares in the company, valued at approximately $19,864,372.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David J. Neithercut sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, October 25th. The shares were sold at an average price of $66.00, for a total value of $1,320,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 68,769 shares of company stock valued at $4,628,451 in the last 90 days. Insiders own 3.75% of the company’s stock.



A number of equities research analysts have recently weighed in on EQR shares. Argus boosted their price target on Equity Residential from $70.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday. Zacks Investment Research upgraded Equity Residential from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a report on Friday. Mizuho reiterated a “buy” rating and issued a $76.00 price target on shares of Equity Residential in a report on Monday, August 6th. Deutsche Bank boosted their price target on Equity Residential from $66.00 to $67.00 and gave the company a “hold” rating in a report on Wednesday, September 5th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $66.00 price target on shares of Equity Residential in a report on Thursday, August 16th. Eleven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Equity Residential presently has a consensus rating of “Hold” and an average target price of $68.60.

NYSE:EQR traded up $0.32 during midday trading on Tuesday, reaching $66.54. 66,757 shares of the company traded hands, compared to its average volume of 1,781,987. Equity Residential has a twelve month low of $54.97 and a twelve month high of $70.46. The firm has a market capitalization of $23.88 billion, a P/E ratio of 21.25, a P/E/G ratio of 3.34 and a beta of 0.37. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.13 and a quick ratio of 0.16.

Equity Residential (NYSE:EQR) last released its quarterly earnings data on Tuesday, October 23rd. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.23). Equity Residential had a net margin of 26.01% and a return on equity of 6.37%. The company had revenue of $652.87 million for the quarter, compared to analyst estimates of $645.77 million. During the same quarter in the prior year, the firm earned $0.37 EPS. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. Research analysts anticipate that Equity Residential will post 3.26 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Monday, September 24th were given a dividend of $0.54 per share. The ex-dividend date was Friday, September 21st. This represents a $2.16 dividend on an annualized basis and a yield of 3.25%. Equity Residential’s dividend payout ratio is currently 69.01%.

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 304 properties consisting of 78,645 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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