Equity Residential (EQR) Stake Maintained by First Personal Financial Services
First Personal Financial Services maintained its position in shares of Equity Residential (NYSE:EQR) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,270 shares of the real estate investment trust’s stock at the end of the second quarter. First Personal Financial Services’ holdings in Equity Residential were worth $149,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. boosted its position in shares of Equity Residential by 124.6% in the second quarter. Bessemer Group Inc. now owns 1,572 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 872 shares during the last quarter. Financial Architects Inc boosted its position in shares of Equity Residential by 5.9% in the first quarter. Financial Architects Inc now owns 1,694 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 94 shares during the last quarter. Delta Asset Management LLC TN raised its stake in Equity Residential by 2.9% in the first quarter. Delta Asset Management LLC TN now owns 2,012 shares of the real estate investment trust’s stock valued at $125,000 after buying an additional 57 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Equity Residential during the first quarter valued at $218,000. Finally, Anchor Capital Advisors LLC raised its stake in Equity Residential by 1.4% in the first quarter. Anchor Capital Advisors LLC now owns 3,625 shares of the real estate investment trust’s stock valued at $226,000 after buying an additional 50 shares during the period. 91.81% of the stock is currently owned by institutional investors and hedge funds.
Equity Residential (NYSE:EQR) opened at 67.17 on Friday. Equity Residential has a 1-year low of $58.28 and a 1-year high of $68.83. The company’s 50 day moving average is $66.74 and its 200-day moving average is $64.74. The firm has a market cap of $24.67 billion, a price-to-earnings ratio of 30.05 and a beta of 0.34.
Equity Residential (NYSE:EQR) last announced its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.77 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.77. Equity Residential had a net margin of 33.99% and a return on equity of 7.92%. The company had revenue of $612.48 million during the quarter, compared to the consensus estimate of $609.37 million. During the same period in the previous year, the firm posted $0.76 earnings per share. The company’s revenue was up 2.9% on a year-over-year basis. On average, analysts predict that Equity Residential will post $1.44 EPS for the current fiscal year.
WARNING: This news story was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another site, it was stolen and republished in violation of US and international trademark and copyright law. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2017/08/20/equity-residential-eqr-stake-maintained-by-first-personal-financial-services.html.
Several research firms recently weighed in on EQR. BidaskClub upgraded shares of Equity Residential from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Barclays PLC increased their price objective on shares of Equity Residential from $65.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 1st. TheStreet upgraded shares of Equity Residential from a “c+” rating to a “b” rating in a research note on Monday, July 31st. Bank of America Corporation upgraded shares of Equity Residential from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Friday, June 16th. Finally, Royal Bank Of Canada reiterated a “hold” rating on shares of Equity Residential in a research note on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. Equity Residential presently has a consensus rating of “Hold” and an average target price of $68.00.
In other Equity Residential news, insider Michael L. Manelis sold 1,000 shares of the business’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $65.63, for a total value of $65,630.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Alan W. George sold 28,157 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $65.93, for a total transaction of $1,856,391.01. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 59,124 shares of company stock valued at $3,945,054. Insiders own 3.79% of the company’s stock.
About Equity Residential
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.
Receive News & Stock 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 stocks with our FREE daily email newsletter.