Nomura Holdings Inc. Invests $3.75 Million in Equity Residential (NYSE:EQR)

Nomura Holdings Inc. purchased a new stake in shares of Equity Residential (NYSE:EQRFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 61,330 shares of the real estate investment trust’s stock, valued at approximately $3,751,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of EQR. Janney Montgomery Scott LLC raised its stake in Equity Residential by 11.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 5,320 shares of the real estate investment trust’s stock worth $312,000 after acquiring an additional 548 shares during the period. Pathstone Family Office LLC lifted its stake in shares of Equity Residential by 148.8% during the 3rd quarter. Pathstone Family Office LLC now owns 7,791 shares of the real estate investment trust’s stock valued at $459,000 after buying an additional 4,659 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Equity Residential by 0.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 59,783 shares of the real estate investment trust’s stock worth $3,510,000 after buying an additional 308 shares during the period. DekaBank Deutsche Girozentrale increased its stake in Equity Residential by 1.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 156,333 shares of the real estate investment trust’s stock worth $9,186,000 after buying an additional 2,106 shares in the last quarter. Finally, Rafferty Asset Management LLC raised its holdings in Equity Residential by 6.1% during the third quarter. Rafferty Asset Management LLC now owns 38,529 shares of the real estate investment trust’s stock valued at $2,262,000 after acquiring an additional 2,210 shares during the period. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Equity Residential Trading Up 0.3 %

Shares of EQR stock traded up $0.22 during trading hours on Tuesday, reaching $67.23. 88,183 shares of the stock were exchanged, compared to its average volume of 1,994,374. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.64. Equity Residential has a 12-month low of $52.57 and a 12-month high of $69.45. The firm has a market capitalization of $25.52 billion, a price-to-earnings ratio of 27.81, a price-to-earnings-growth ratio of 3.81 and a beta of 0.85. The company’s 50-day moving average price is $64.95 and its 200-day moving average price is $62.28.

Equity Residential (NYSE:EQRGet Free Report) last released its earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. The business had revenue of $730.80 million for the quarter, compared to analyst estimates of $728.09 million. Equity Residential had a return on equity of 8.18% and a net margin of 31.70%. The business’s revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.87 earnings per share. As a group, equities analysts anticipate that Equity Residential will post 3.9 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Piper Sandler increased their target price on Equity Residential from $62.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. Truist Financial cut their price objective on shares of Equity Residential from $71.00 to $67.00 and set a “buy” rating for the company in a report on Tuesday, April 9th. JPMorgan Chase & Co. boosted their target price on shares of Equity Residential from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday. BMO Capital Markets raised shares of Equity Residential from a “market perform” rating to an “outperform” rating and raised their target price for the company from $68.00 to $70.00 in a research note on Monday, April 22nd. Finally, Raymond James upgraded shares of Equity Residential from an “underperform” rating to a “market perform” rating in a research note on Monday, March 18th. Twelve research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $68.09.

Check Out Our Latest Analysis on EQR

Insiders Place Their Bets

In other news, EVP Alexander Brackenridge sold 4,027 shares of the stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $65.01, for a total transaction of $261,795.27. Following the transaction, the executive vice president now owns 69,901 shares of the company’s stock, valued at approximately $4,544,264.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Alexander Brackenridge sold 4,027 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $65.01, for a total value of $261,795.27. Following the completion of the sale, the executive vice president now owns 69,901 shares of the company’s stock, valued at approximately $4,544,264.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mary Kay Haben sold 3,241 shares of Equity Residential stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $65.48, for a total transaction of $212,220.68. Following the transaction, the director now directly owns 9,720 shares in the company, valued at $636,465.60. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Equity Residential 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.

See Also

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:EQRFree Report).

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

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