Equity Residential (EQR) Holdings Raised by LGT Capital Partners LTD.

LGT Capital Partners LTD. grew its stake in Equity Residential (NYSE:EQR) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 99,220 shares of the real estate investment trust’s stock after buying an additional 1,540 shares during the period. LGT Capital Partners LTD.’s holdings in Equity Residential were worth $6,327,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of EQR. Federated Investors Inc. PA raised its holdings in shares of Equity Residential by 79.2% in the second quarter. Federated Investors Inc. PA now owns 8,329 shares of the real estate investment trust’s stock worth $548,000 after buying an additional 3,680 shares during the last quarter. Schroder Investment Management Group raised its holdings in shares of Equity Residential by 12.9% in the second quarter. Schroder Investment Management Group now owns 27,706 shares of the real estate investment trust’s stock worth $1,837,000 after buying an additional 3,168 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Equity Residential by 29.9% in the second quarter. Franklin Resources Inc. now owns 500,691 shares of the real estate investment trust’s stock worth $32,961,000 after buying an additional 115,188 shares during the last quarter. Summit Global Investments raised its holdings in shares of Equity Residential by 21.5% in the second quarter. Summit Global Investments now owns 7,777 shares of the real estate investment trust’s stock worth $512,000 after buying an additional 1,377 shares during the last quarter. Finally, Raymond James Trust N.A. raised its holdings in shares of Equity Residential by 5.3% in the second quarter. Raymond James Trust N.A. now owns 12,723 shares of the real estate investment trust’s stock worth $838,000 after buying an additional 635 shares during the last quarter. 94.03% of the stock is owned by institutional investors and hedge funds.

In other Equity Residential news, insider Alan W. George sold 84,326 shares of Equity Residential stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $69.47, for a total value of $5,858,127.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Samuel Zell sold 91,651 shares of Equity Residential stock in a transaction on Monday, October 30th. The shares were sold at an average price of $67.17, for a total transaction of $6,156,197.67. The disclosure for this sale can be found here. In the last three months, insiders have sold 402,380 shares of company stock valued at $27,663,622. 3.79% of the stock is currently owned by corporate insiders.

Shares of Equity Residential (NYSE EQR) traded down $0.89 during trading on Thursday, hitting $61.46. 1,781,700 shares of the company traded hands, compared to its average volume of 1,714,343. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86. Equity Residential has a 12-month low of $59.49 and a 12-month high of $70.46. The stock has a market capitalization of $22,500.00, a PE ratio of 21.19, a PEG ratio of 3.05 and a beta of 0.36.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Tuesday, January 2nd will be issued a dividend of $0.5038 per share. The ex-dividend date is Friday, December 29th. This represents a $2.02 annualized dividend and a dividend yield of 3.28%. Equity Residential’s dividend payout ratio (DPR) is presently 69.66%.

EQR has been the subject of a number of research analyst reports. Stifel Nicolaus decreased their price target on shares of Equity Residential from $71.00 to $68.00 and set a “hold” rating for the company in a report on Friday, October 27th. Robert W. Baird reaffirmed a “hold” rating and issued a $70.00 price target on shares of Equity Residential in a report on Friday, November 10th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $70.00 price target on shares of Equity Residential in a report on Friday, October 20th. Zacks Investment Research raised shares of Equity Residential from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Finally, TheStreet cut shares of Equity Residential from a “b” rating to a “c+” rating in a report on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $69.13.

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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.

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

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