Duff & Phelps Investment Management Co. boosted its position in Equity Residential (NYSE:EQR) by 25.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,080,986 shares of the real estate investment trust’s stock after buying an additional 217,325 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Equity Residential were worth $71,161,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Anchor Capital Advisors LLC boosted its position 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 worth $226,000 after buying an additional 50 shares during the period. Delta Asset Management LLC TN boosted its position 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 worth $125,000 after buying an additional 57 shares during the period. Financial Architects Inc boosted its position in 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 during the period. Cleararc Capital Inc. boosted its position in 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 during the period. Finally, Oppenheimer & Co. Inc. boosted its position in 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 during the period. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Shares of Equity Residential (NYSE:EQR) opened at 67.08 on Friday. Equity Residential has a 52 week low of $58.28 and a 52 week high of $68.83. The company has a 50-day moving average of $66.58 and a 200 day moving average of $64.48. The firm has a market capitalization of $24.64 billion, a P/E ratio of 30.01 and a beta of 0.34.

Equity Residential (NYSE:EQR) last released its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.77 earnings per share 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 business had revenue of $612.48 million for the quarter, compared to analysts’ expectations of $609.37 million. During the same period in the previous year, the company earned $0.76 earnings per share. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities research analysts anticipate that Equity Residential will post $1.41 earnings per share for the current year.

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

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A number of equities analysts have issued reports on the company. UBS AG cut 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. Evercore ISI increased their target price on Equity Residential from $62.00 to $63.00 and gave the stock an “underperform” rating in a report on Wednesday, April 19th. BMO Capital Markets reiterated 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 set a $67.00 target price on shares of Equity Residential in a report on Monday, July 17th. Finally, Royal Bank Of Canada reiterated a “hold” rating on shares of Equity Residential in a report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $67.92.

In related news, Director Mark S. Shapiro sold 2,853 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $67.30, for a total transaction of $192,006.90. Following the transaction, the director now directly owns 2,573 shares in the company, valued at $173,162.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Bruce C. Strohm sold 1,686 shares of the business’s stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $67.23, for a total transaction of $113,349.78. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 59,124 shares of company stock worth $3,945,054. 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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