Today: The Whittier Trust Co. of Nevada Inc. reached $121,000 position of Equity Residential (EQR)

The Whittier Trust Co. of Nevada Inc. reached $121,000 position  of Equity Residential (EQR)

Whittier Trust Co. of Nevada Inc. continued to hold its stake in Equity Residential (NYSE:EQR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,750 shares of the real estate investment trust’s stock at the end of the second quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Equity Residential were worth $121,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its position in shares of Equity Residential by 2.1% in the first quarter. Geode Capital Management LLC now owns 3,540,872 shares of the real estate investment trust’s stock worth $265,221,000 after buying an additional 74,134 shares during the period. Nuveen Asset Management LLC increased its position in shares of Equity Residential by 13.0% in the first quarter. Nuveen Asset Management LLC now owns 3,493,753 shares of the real estate investment trust’s stock worth $262,136,000 after buying an additional 401,976 shares during the period. AMP Capital Investors Ltd increased its position in shares of Equity Residential by 3.5% in the first quarter. AMP Capital Investors Ltd now owns 3,068,975 shares of the real estate investment trust’s stock worth $229,713,000 after buying an additional 102,800 shares during the period. Heitman Real Estate Securities LLC increased its position in shares of Equity Residential by 262.6% in the first quarter. Heitman Real Estate Securities LLC now owns 2,367,704 shares of the real estate investment trust’s stock worth $177,649,000 after buying an additional 1,714,728 shares during the period. Finally, Legal & General Group Plc increased its position in shares of Equity Residential by 3.0% in the first quarter. Legal & General Group Plc now owns 2,268,677 shares of the real estate investment trust’s stock worth $170,217,000 after buying an additional 67,135 shares during the period. Institutional investors and hedge funds own 94.18% of the company’s stock.

Shares of Equity Residential (NYSE:EQR) traded down 0.07% during trading on Thursday, reaching $61.11. The company’s stock had a trading volume of 1,310,024 shares. Equity Residential has a 1-year low of $60.25 and a 1-year high of $82.39. The stock has a 50 day moving average of $63.87 and a 200-day moving average of $67.59. The company has a market capitalization of $22.34 billion, a PE ratio of 5.33 and a beta of 0.49.

Equity Residential (NYSE:EQR) last issued its quarterly earnings data on Tuesday, July 26th. The real estate investment trust reported $0.76 EPS for the quarter, missing the consensus estimate of $0.78 by $0.02. Equity Residential had a net margin of 160.96% and a return on equity of 38.79%. The business earned $595.20 million during the quarter, compared to analyst estimates of $609.82 million. During the same period in the previous year, the business posted $0.85 earnings per share. The firm’s revenue for the quarter was down 12.4% on a year-over-year basis. On average, analysts expect that Equity Residential will post $3.08 earnings per share for the current year.

The company also recently announced a special dividend, which will be paid on Friday, October 14th. Stockholders of record on Monday, September 26th will be given a $3.00 dividend. The ex-dividend date is Thursday, September 22nd. This represents a dividend yield of 3.17%. Equity Residential’s dividend payout ratio (DPR) is presently 17.67%.

EQR has been the topic of a number of research analyst reports. Citigroup Inc. cut Equity Residential from a “market perform” rating to an “underperform” rating in a report on Wednesday, August 3rd. SunTrust Banks Inc. lowered their price target on Equity Residential from $75.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, August 4th. Jefferies Group reissued a “hold” rating on shares of Equity Residential in a report on Wednesday, August 10th. Raymond James Financial Inc. cut Equity Residential from a “market perform” rating to an “underperform” rating in a report on Wednesday, August 3rd. Finally, Cantor Fitzgerald cut Equity Residential from a “buy” rating to a “hold” rating and lowered their price target for the stock from $75.00 to $68.00 in a report on Thursday, July 28th. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $72.53.

About Equity Residential

Equity Residential is a real estate investment trust. The Company is focused on the acquisition, development and management of apartment properties in various markets of the United States. The Company’s segments include Boston, New York, San Francisco, Seattle, Southern California, Washington DC, Non-core – South Florida, Non-core – Denver, and Non-core – other.

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