Today, First Trust Advisors LP invests in Equity Residential (EQR) Shares

Today, First Trust Advisors LP invests in Equity Residential (EQR) Shares
First Trust Advisors LP raised its stake in Equity Residential (NYSE:EQR) by 74.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 291,145 shares of the real estate investment trust’s stock after buying an additional 124,460 shares during the period. First Trust Advisors LP owned approximately 0.08% of Equity Residential worth $18,729,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Sarasin & Partners LLP increased its stake in shares of Equity Residential by 6.2% in the second quarter. Sarasin & Partners LLP now owns 140,668 shares of the real estate investment trust’s stock valued at $9,689,000 after buying an additional 8,262 shares in the last quarter. Denali Advisors LLC acquired a new stake in shares of Equity Residential during the second quarter valued at about $3,596,000. North Star Investment Management Corp. increased its stake in shares of Equity Residential by 7.9% in the second quarter. North Star Investment Management Corp. now owns 33,490 shares of the real estate investment trust’s stock valued at $2,307,000 after buying an additional 2,454 shares in the last quarter. LGT Capital Partners LTD. increased its stake in shares of Equity Residential by 36.9% in the second quarter. LGT Capital Partners LTD. now owns 81,410 shares of the real estate investment trust’s stock valued at $5,608,000 after buying an additional 21,960 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its stake in shares of Equity Residential by 1.3% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 313,702 shares of the real estate investment trust’s stock valued at $21,608,000 after buying an additional 4,134 shares in the last quarter. 95.27% of the stock is owned by hedge funds and other institutional investors.

Shares of Equity Residential (NYSE:EQR) opened at 59.43 on Friday. The firm has a market cap of $21.73 billion, a price-to-earnings ratio of 5.18 and a beta of 0.37. Equity Residential has a 12-month low of $58.28 and a 12-month high of $82.39. The firm has a 50-day moving average price of $60.61 and a 200-day moving average price of $65.11.

Equity Residential (NYSE:EQR) last posted its earnings results on Tuesday, October 25th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by $0.01. Equity Residential had a net margin of 167.17% and a return on equity of 39.22%. The business earned $606.07 million during the quarter, compared to analyst estimates of $602.10 million. During the same period in the previous year, the firm posted $0.89 earnings per share. The firm’s revenue was down 13.0% on a year-over-year basis. Equities research analysts anticipate that Equity Residential will post $3.08 EPS for the current year.

Several equities research analysts recently issued reports on the company. Deutsche Bank AG reduced their price objective on Equity Residential from $74.00 to $70.00 and set a “hold” rating for the company in a research note on Wednesday, August 10th. Jefferies Group reissued a “hold” rating on shares of Equity Residential in a research note on Wednesday, August 10th. Capital One Financial Corp. downgraded Equity Residential from an “overweight” rating to an “equal weight” rating in a research note on Monday, August 1st. Raymond James Financial Inc. downgraded Equity Residential from a “market perform” rating to an “underperform” rating in a research note on Wednesday, August 3rd. Finally, Citigroup Inc. downgraded Equity Residential from a “market perform” rating to an “underperform” rating in a research note on Wednesday, August 3rd. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $68.83.

Equity Residential Company Profile

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