Todays Report: Today: Amica Mutual Insurance Co. decreases its position in Equity Residential (EQR)

Today: Amica Mutual Insurance Co. decreases its position in Equity Residential (EQR)

Amica Mutual Insurance Co. reduced its stake in shares of Equity Residential (NYSE:EQR) by 20.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,138 shares of the real estate investment trust’s stock after selling 9,000 shares during the period. Amica Mutual Insurance Co.’s holdings in Equity Residential were worth $2,196,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Sentry Investment Management LLC increased its stake in shares of Equity Residential by 3.0% in the third quarter. Sentry Investment Management LLC now owns 28,394 shares of the real estate investment trust’s stock valued at $1,827,000 after buying an additional 832 shares in the last quarter. Global X Management Co. LLC increased its stake in shares of Equity Residential by 45.9% in the third quarter. Global X Management Co. LLC now owns 5,951 shares of the real estate investment trust’s stock valued at $383,000 after buying an additional 1,872 shares in the last quarter. Sei Investments Co. increased its stake in shares of Equity Residential by 6.3% in the third quarter. Sei Investments Co. now owns 893,991 shares of the real estate investment trust’s stock valued at $57,510,000 after buying an additional 53,189 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Equity Residential by 78.8% in the third quarter. Daiwa Securities Group Inc. now owns 6,962,794 shares of the real estate investment trust’s stock valued at $447,916,000 after buying an additional 3,068,125 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its stake in shares of Equity Residential by 2.5% in the third quarter. Teacher Retirement System of Texas now owns 547,876 shares of the real estate investment trust’s stock valued at $35,245,000 after buying an additional 13,183 shares in the last quarter. 94.53% of the stock is currently owned by institutional investors.

Shares of Equity Residential (NYSE:EQR) traded up 1.58% during midday trading on Monday, reaching $60.37. The company’s stock had a trading volume of 260,317 shares. The stock’s 50-day moving average is $60.61 and its 200 day moving average is $65.11. The stock has a market capitalization of $22.08 billion, a P/E ratio of 5.26 and a beta of 0.37. Equity Residential has a 12 month low of $58.28 and a 12 month high of $82.39.

Equity Residential (NYSE:EQR) last released its quarterly earnings data 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. The firm had revenue of $606.07 million for the quarter, compared to analyst estimates of $602.10 million. Equity Residential had a net margin of 167.17% and a return on equity of 39.22%. Equity Residential’s revenue for the quarter was down 13.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.89 EPS. On average, analysts expect that Equity Residential will post $3.08 earnings per share for the current fiscal year.

EQR has been the topic of several recent analyst reports. Citigroup Inc. downgraded Equity Residential from a “market perform” rating to an “underperform” rating in a research report on Wednesday, August 3rd. SunTrust Banks Inc. reduced their target price on Equity Residential from $75.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, August 4th. Mizuho upgraded Equity Residential from an “underperform” rating to a “neutral” rating and set a $62.00 target price on the stock in a research report on Monday, October 31st. Jefferies Group reiterated a “hold” rating on shares of Equity Residential in a research report on Wednesday, August 10th. Finally, Raymond James Financial Inc. downgraded Equity Residential from a “market perform” rating to an “underperform” rating in a research report on Wednesday, August 3rd. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company’s stock. Equity Residential has a consensus rating of “Hold” and a consensus price target of $68.83.

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.

Related posts

Leave a Comment