MV Capital Management Inc. maintained its stake in shares of Equity Residential (NYSE:EQR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,500 shares of the real estate investment trust’s stock at the end of the second quarter. MV Capital Management Inc.’s holdings in Equity Residential were worth $165,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Anchor Capital Advisors LLC boosted its stake in shares of 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 worth $226,000 after buying an additional 50 shares in the last quarter. Delta Asset Management LLC TN boosted its stake in shares of 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 worth $125,000 after buying an additional 57 shares in the last quarter. Financial Architects Inc boosted its stake 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 worth $106,000 after buying an additional 94 shares in the last quarter. Cleararc Capital Inc. boosted its stake in shares of Equity Residential by 1.1% in the first quarter. Cleararc Capital Inc. now owns 8,993 shares of the real estate investment trust’s stock worth $560,000 after buying an additional 100 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of Equity Residential by 0.4% in the first quarter. Oppenheimer & Co. Inc. now owns 27,252 shares of the real estate investment trust’s stock worth $1,695,000 after buying an additional 120 shares in the last quarter. 92.39% of the stock is owned by institutional investors and hedge funds.

Equity Residential (EQR) opened at 67.24 on Tuesday. Equity Residential has a 12 month low of $58.28 and a 12 month high of $68.83. The company has a market cap of $24.70 billion, a price-to-earnings ratio of 30.06 and a beta of 0.34. The company’s 50 day moving average is $66.69 and its 200-day moving average is $64.31.

Equity Residential (NYSE:EQR) last announced its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, hitting the 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 for the quarter, compared to analysts’ expectations of $609.37 million. During the same quarter in the previous year, the company posted $0.76 EPS. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. On average, analysts expect that Equity Residential will post $1.41 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Monday, June 26th were paid a dividend of $0.5038 per share. The ex-dividend date of this dividend was Thursday, June 22nd. This represents a $2.02 annualized dividend and a yield of 3.00%. Equity Residential’s dividend payout ratio (DPR) is presently 90.58%.

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A number of brokerages have commented on EQR. Evercore ISI upped their target price on shares of Equity Residential from $62.00 to $63.00 and gave the company an “underperform” rating in a report on Wednesday, April 19th. UBS AG cut shares of Equity Residential from a “buy” rating to a “neutral” rating and set a $68.00 target price for the company. in a report on Thursday, July 6th. BMO Capital Markets reaffirmed a “hold” rating and set a $66.00 target price on shares of Equity Residential in a report on Thursday, May 25th. Jefferies Group LLC reiterated a “hold” rating and issued a $67.00 price target on shares of Equity Residential in a research report on Monday, July 17th. Finally, Royal Bank Of Canada reiterated a “hold” rating on shares of Equity Residential in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $68.08.

In other 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 transaction of $65,630.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Alan W. George sold 28,157 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were 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. In the last ninety days, insiders have sold 55,838 shares of company stock worth $3,724,023. 3.79% of the stock is currently owned by corporate insiders.

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.

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

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