ING Groep NV bought a new stake in Equity Residential (NYSE:EQR) in the 4th quarter, Holdings Channel reports. The institutional investor bought 34,941 shares of the real estate investment trust’s stock, valued at approximately $2,228,000.

Several other large investors have also recently modified their holdings of the company. APG Asset Management US Inc. raised its position in shares of Equity Residential by 0.4% in the 4th quarter. APG Asset Management US Inc. now owns 15,122,000 shares of the real estate investment trust’s stock valued at $964,330,000 after buying an additional 61,600 shares in the last quarter. Cohen & Steers Inc. raised its position in shares of Equity Residential by 109.4% in the 3rd quarter. Cohen & Steers Inc. now owns 14,548,725 shares of the real estate investment trust’s stock valued at $959,197,000 after buying an additional 7,600,203 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of Equity Residential by 113.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 7,724,194 shares of the real estate investment trust’s stock valued at $509,256,000 after buying an additional 4,112,438 shares in the last quarter. PGGM Investments raised its position in shares of Equity Residential by 1.7% in the 3rd quarter. PGGM Investments now owns 7,272,978 shares of the real estate investment trust’s stock valued at $479,507,000 after buying an additional 121,040 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Equity Residential by 1.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,198,439 shares of the real estate investment trust’s stock valued at $342,732,000 after buying an additional 97,505 shares in the last quarter. Institutional investors own 93.88% of the company’s stock.

In other Equity Residential news, CFO Mark J. Parrell sold 7,355 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $58.18, for a total transaction of $427,913.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ian Kaufman sold 684 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $58.18, for a total transaction of $39,795.12. The disclosure for this sale can be found here. Insiders have sold a total of 14,077 shares of company stock worth $819,000 over the last three months. Insiders own 3.79% of the company’s stock.

Shares of Equity Residential (EQR) opened at $56.65 on Friday. Equity Residential has a 1-year low of $55.21 and a 1-year high of $70.46. The company has a current ratio of 0.29, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86. The firm has a market cap of $20,848.22, a P/E ratio of 18.04, a price-to-earnings-growth ratio of 2.77 and a beta of 0.34.

Equity Residential (NYSE:EQR) last posted its earnings results on Tuesday, January 30th. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.47). Equity Residential had a return on equity of 5.76% and a net margin of 24.39%. The business had revenue of $630.50 million for the quarter, compared to the consensus estimate of $625.83 million. During the same period in the previous year, the firm earned $0.79 earnings per share. The company’s revenue was up 4.2% compared to the same quarter last year. equities analysts predict that Equity Residential will post 3.23 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd were issued a dividend of $0.5038 per share. This represents a $2.02 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date was Friday, December 29th. Equity Residential’s payout ratio is 123.93%.

A number of equities analysts recently issued reports on EQR shares. Stifel Nicolaus lowered their price objective on shares of Equity Residential from $71.00 to $68.00 and set a “hold” rating for the company in a research report on Friday, October 27th. Robert W. Baird reiterated a “hold” rating and set a $70.00 price objective on shares of Equity Residential in a research report on Friday, November 10th. Royal Bank of Canada reiterated a “hold” rating and set a $70.00 price objective on shares of Equity Residential in a research report on Friday, October 20th. Zacks Investment Research upgraded shares of Equity Residential from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. Finally, TheStreet cut shares of Equity Residential from a “b” rating to a “c+” rating in a research report on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $67.87.

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Equity Residential 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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