HGI Capital Management LLC boosted its position in Equity Residential (NYSE:EQR) by 299.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 99,089 shares of the real estate investment trust’s stock after buying an additional 74,313 shares during the period. Equity Residential accounts for about 8.0% of HGI Capital Management LLC’s holdings, making the stock its 3rd largest position. HGI Capital Management LLC’s holdings in Equity Residential were worth $6,523,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. Glen Harbor Capital Management LLC boosted its stake in shares of Equity Residential by 16.9% in the first quarter. Glen Harbor Capital Management LLC now owns 14,504 shares of the real estate investment trust’s stock worth $902,000 after buying an additional 2,100 shares during the last quarter. Korea Investment CORP boosted its stake in shares of Equity Residential by 11,315.8% in the first quarter. Korea Investment CORP now owns 49,202 shares of the real estate investment trust’s stock worth $3,061,000 after buying an additional 48,771 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Equity Residential by 4.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 9,752 shares of the real estate investment trust’s stock worth $567,000 after buying an additional 383 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its stake in shares of Equity Residential by 66.0% in the first quarter. Candriam Luxembourg S.C.A. now owns 129,586 shares of the real estate investment trust’s stock worth $8,063,000 after buying an additional 51,506 shares during the last quarter. Finally, Motco boosted its stake in shares of Equity Residential by 5.9% in the first quarter. Motco now owns 5,993 shares of the real estate investment trust’s stock worth $373,000 after buying an additional 336 shares during the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Equity Residential (EQR) opened at 67.35 on Thursday. The stock’s 50 day moving average price is $66.61 and its 200-day moving average price is $64.47. The stock has a market cap of $24.74 billion, a price-to-earnings ratio of 30.11 and a beta of 0.34. Equity Residential has a 12 month low of $58.28 and a 12 month high of $68.83.

Equity Residential (NYSE:EQR) last posted its earnings results 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. The company had revenue of $612.48 million for the quarter, compared to analyst estimates of $609.37 million. Equity Residential had a return on equity of 7.92% and a net margin of 33.99%. Equity Residential’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.76 earnings per share. Equities research analysts predict that Equity Residential will post $1.41 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Monday, June 26th were issued a $0.5038 dividend. This represents a $2.02 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend was Thursday, June 22nd. Equity Residential’s dividend payout ratio (DPR) is 90.58%.

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A number of equities research analysts have recently commented on the stock. BidaskClub raised shares of Equity Residential from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Barclays PLC raised 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 raised shares of Equity Residential from a “c+” rating to a “b” rating in a research note on Monday, July 31st. Bank of America Corporation raised 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 reaffirmed a “hold” rating on shares of Equity Residential in a research note on Monday, July 31st. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. Equity Residential presently has an average rating of “Hold” and an average target price of $68.08.

In other Equity Residential news, EVP Bruce C. Strohm sold 1,686 shares of the company’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $67.23, for a total value of $113,349.78. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider David S. Santee sold 10,967 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $67.93, for a total value of $744,988.31. The disclosure for this sale can be found here. Insiders sold 55,838 shares of company stock worth $3,724,023 in the last three months. 3.79% of the stock is owned by corporate insiders.

Equity Residential Company 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.

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

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