Equity Residential (EQR) Stake Decreased by Keybank National Association OH

Keybank National Association OH lessened its holdings in shares of Equity Residential (NYSE:EQR) by 16.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,279 shares of the real estate investment trust’s stock after selling 1,234 shares during the period. Keybank National Association OH’s holdings in Equity Residential were worth $413,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Anchor Capital Advisors LLC increased its stake in shares of Equity Residential by 1.4% during 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 acquiring an additional 50 shares during the period. Cleararc Capital Inc. increased its stake in shares of Equity Residential by 1.1% during the first quarter. Cleararc Capital Inc. now owns 8,993 shares of the real estate investment trust’s stock valued at $560,000 after acquiring an additional 100 shares during the period. Oppenheimer & Co. Inc. increased its stake in shares of Equity Residential by 0.4% during the first quarter. Oppenheimer & Co. Inc. now owns 27,252 shares of the real estate investment trust’s stock valued at $1,695,000 after acquiring an additional 120 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in shares of Equity Residential by 0.8% during the first quarter. Municipal Employees Retirement System of Michigan now owns 20,850 shares of the real estate investment trust’s stock valued at $1,297,000 after acquiring an additional 160 shares during the period. Finally, Denver Investment Advisors LLC increased its stake in shares of Equity Residential by 0.6% during the first quarter. Denver Investment Advisors LLC now owns 25,972 shares of the real estate investment trust’s stock valued at $1,616,000 after acquiring an additional 167 shares during the period. 91.11% of the stock is currently owned by institutional investors.

EQR has been the topic of a number of research analyst reports. TheStreet upgraded shares of Equity Residential from a “c+” rating to a “b” rating in a research note on Monday, July 31st. BidaskClub upgraded shares of Equity Residential from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. 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. Zacks Investment Research upgraded shares of Equity Residential from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a research note on Tuesday, July 18th. Finally, Barclays PLC raised their price objective on shares of Equity Residential from $65.00 to $66.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 1st. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four 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 $68.21.

In related news, CEO David J. Neithercut sold 49,369 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $68.02, for a total value of $3,358,079.38. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO David J. Neithercut sold 75,000 shares of the stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $68.10, for a total transaction of $5,107,500.00. The disclosure for this sale can be found here. Insiders sold 173,622 shares of company stock worth $11,816,599 over the last 90 days. 3.79% of the stock is currently owned by company insiders.

TRADEMARK VIOLATION NOTICE: This article was posted by Stock Observer and is the property of of Stock Observer. If you are reading this article on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The original version of this article can be viewed at https://www.thestockobserver.com/2017/09/13/equity-residential-eqr-stake-decreased-by-keybank-national-association-oh.html.

Equity Residential (EQR) opened at 67.61 on Wednesday. The firm has a 50-day moving average of $67.50 and a 200 day moving average of $65.46. The firm has a market cap of $24.83 billion, a price-to-earnings ratio of 30.25 and a beta of 0.36. Equity Residential has a 52-week low of $58.28 and a 52-week high of $68.83.

Equity Residential (NYSE:EQR) last announced its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.77 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.77. Equity Residential had a net margin of 33.99% and a return on equity of 7.92%. The business had revenue of $612.48 million for the quarter, compared to analyst estimates of $609.37 million. During the same period in the prior year, the business posted $0.76 earnings per share. Equity Residential’s revenue was up 2.9% compared to the same quarter last year. On average, equities research analysts forecast that Equity Residential will post $1.48 earnings per share for the current year.

Equity Residential Profile

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.

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:EQR).

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

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply