Resolution Capital Ltd grew its stake in Equity Residential (NYSE:EQR) by 48.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,353,825 shares of the real estate investment trust’s stock after buying an additional 767,821 shares during the quarter. Equity Residential accounts for about 6.7% of Resolution Capital Ltd’s investment portfolio, making the stock its 3rd biggest holding. Resolution Capital Ltd owned about 0.64% of Equity Residential worth $145,043,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Equity Residential by 0.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 196,723 shares of the real estate investment trust’s stock valued at $12,122,000 after buying an additional 827 shares during the period. Anchor Capital Advisors LLC boosted its holdings in shares of Equity Residential by 26.1% in the first quarter. Anchor Capital Advisors LLC now owns 5,415 shares of the real estate investment trust’s stock valued at $334,000 after buying an additional 1,120 shares during the period. Flinton Capital Management LLC boosted its holdings in shares of Equity Residential by 14.0% in the fourth quarter. Flinton Capital Management LLC now owns 9,360 shares of the real estate investment trust’s stock valued at $597,000 after buying an additional 1,152 shares during the period. Glen Harbor Capital Management LLC boosted its holdings in shares of Equity Residential by 8.0% in the first quarter. Glen Harbor Capital Management LLC now owns 17,696 shares of the real estate investment trust’s stock valued at $1,091,000 after buying an additional 1,316 shares during the period. Finally, Dynamic Capital Management Ltd boosted its holdings in shares of Equity Residential by 36.2% in the fourth quarter. Dynamic Capital Management Ltd now owns 5,000 shares of the real estate investment trust’s stock valued at $319,000 after buying an additional 1,329 shares during the period. Institutional investors own 92.70% of the company’s stock.

Equity Residential opened at $64.33 on Thursday, according to Marketbeat Ratings. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.19 and a current ratio of 0.19. Equity Residential has a 1 year low of $54.97 and a 1 year high of $70.46. The firm has a market cap of $23.57 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 3.32 and a beta of 0.35.

Equity Residential (NYSE:EQR) last posted its quarterly earnings results on Tuesday, April 24th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.21). Equity Residential had a return on equity of 6.41% and a net margin of 26.83%. The firm had revenue of $633.02 million for the quarter, compared to the consensus estimate of $626.81 million. During the same period last year, the company posted $0.76 earnings per share. The business’s revenue was up 4.8% compared to the same quarter last year. equities research analysts anticipate that Equity Residential will post 3.23 EPS for the current year.

In other Equity Residential news, insider Barry Altshuler sold 5,182 shares of the company’s stock in a transaction on Friday, April 27th. The shares were sold at an average price of $61.15, for a total transaction of $316,879.30. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider David S. Santee sold 1,928 shares of the company’s stock in a transaction on Wednesday, May 23rd. The stock was sold at an average price of $61.55, for a total transaction of $118,668.40. The disclosure for this sale can be found here. Corporate insiders own 3.75% of the company’s stock.

Several research analysts have recently weighed in on the stock. ValuEngine upgraded shares of Equity Residential from a “sell” rating to a “hold” rating in a report on Friday, June 1st. Sandler O’Neill reiterated a “hold” rating and issued a $65.00 price target on shares of Equity Residential in a report on Tuesday, March 20th. SunTrust Banks set a $66.00 price target on shares of Equity Residential and gave the company a “buy” rating in a report on Monday, March 19th. UBS Group raised shares of Equity Residential from a “neutral” rating to a “buy” rating and set a $69.00 price objective on the stock in a research report on Monday, March 19th. Finally, BMO Capital Markets set a $61.00 price objective on shares of Equity Residential and gave the stock a “hold” rating in a research report on Friday, March 2nd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company’s stock. Equity Residential currently has a consensus rating of “Hold” and an average target price of $66.53.

Equity Residential Profile

Equity Residential is an S&P 500 company focused on the acquisition, development and management of rental apartment properties in urban and high-density suburban coastal gateway markets where today's renters want to live, work and play. Equity Residential owns or has investments in 305 properties consisting of 78,611 apartment units, primarily located in Boston, New York, Washington, DC, Seattle, San Francisco and Southern California.

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

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