Cbre Clarion Securities LLC boosted its position in shares of Equity Residential (NYSE:EQR) by 7.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,438,104 shares of the real estate investment trust’s stock after purchasing an additional 227,134 shares during the quarter. Equity Residential makes up 5.9% of Cbre Clarion Securities LLC’s portfolio, making the stock its 2nd biggest holding. Cbre Clarion Securities LLC owned 0.92% of Equity Residential worth $212,165,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Equity Residential by 72.9% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 87,469 shares of the real estate investment trust’s stock worth $7,078,000 after purchasing an additional 36,866 shares in the last quarter. TCF National Bank lifted its position in shares of Equity Residential by 20.7% in the first quarter. TCF National Bank now owns 25,684 shares of the real estate investment trust’s stock valued at $1,585,000 after acquiring an additional 4,397 shares in the last quarter. Natixis Advisors L.P. lifted its position in shares of Equity Residential by 13.4% in the first quarter. Natixis Advisors L.P. now owns 45,567 shares of the real estate investment trust’s stock valued at $2,812,000 after acquiring an additional 5,397 shares in the last quarter. FIL Ltd lifted its position in shares of Equity Residential by 0.7% in the fourth quarter. FIL Ltd now owns 305,744 shares of the real estate investment trust’s stock valued at $24,741,000 after acquiring an additional 2,079 shares in the last quarter. Finally, Balasa Dinverno & Foltz LLC lifted its position in shares of Equity Residential by 8.0% in the first quarter. Balasa Dinverno & Foltz LLC now owns 8,546 shares of the real estate investment trust’s stock valued at $527,000 after acquiring an additional 635 shares in the last quarter. Institutional investors own 88.30% of the company’s stock.

NYSE:EQR traded up $1.45 on Wednesday, hitting $61.91. 178,535 shares of the stock were exchanged, compared to its average volume of 3,332,802. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.80. Equity Residential has a fifty-two week low of $49.62 and a fifty-two week high of $89.55. The stock has a market cap of $22.74 billion, a PE ratio of 19.68, a PEG ratio of 3.95 and a beta of 0.63. The stock has a fifty day moving average of $62.50 and a 200-day moving average of $74.40.

Equity Residential (NYSE:EQR) last posted its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.04). Equity Residential had a net margin of 43.16% and a return on equity of 11.20%. The company had revenue of $682.31 million during the quarter, compared to analyst estimates of $686.02 million. During the same quarter last year, the business posted $0.82 EPS. Equity Residential’s quarterly revenue was up 3.0% compared to the same quarter last year. As a group, analysts predict that Equity Residential will post 3.36 earnings per share for the current year.

Several analysts have recently issued reports on the company. Piper Sandler reduced their price objective on Equity Residential from $58.00 to $56.00 and set an “underweight” rating on the stock in a research report on Thursday, May 14th. Deutsche Bank reduced their price objective on Equity Residential from $76.00 to $68.00 and set a “hold” rating on the stock in a research report on Wednesday, May 6th. Evercore ISI upgraded Equity Residential from an “underperform” rating to an “in-line” rating and set a $68.00 target price on the stock in a research report on Monday, May 11th. BTIG Research upgraded Equity Residential from a “neutral” rating to a “buy” rating and set a $80.00 target price on the stock in a research report on Tuesday, March 10th. Finally, Citigroup reduced their target price on Equity Residential from $87.00 to $62.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $74.00.

Equity Residential Company Profile

Equity Residential is an S&P 500 company focused on the acquisition, development and management of rental apartment properties located in urban and high-density suburban markets where today's renters want to live, work and play. Equity Residential owns or has investments in 307 properties consisting of 79,482 apartment units, primarily located in Boston, New York, Washington, DC, Seattle, San Francisco, Southern California and Denver.

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

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