Equity Residential (EQR) Holdings Cut by Forsta AP Fonden

Forsta AP Fonden trimmed its stake in shares of Equity Residential (NYSE:EQR) by 6.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,600 shares of the real estate investment trust’s stock after selling 9,100 shares during the period. Forsta AP Fonden’s holdings in Equity Residential were worth $8,839,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of EQR. Amica Retiree Medical Trust purchased a new position in Equity Residential during the third quarter valued at $135,000. Zions Bancorporation lifted its holdings in Equity Residential by 3,348.4% during the third quarter. Zions Bancorporation now owns 2,138 shares of the real estate investment trust’s stock valued at $141,000 after purchasing an additional 2,076 shares in the last quarter. Americafirst Capital Management LLC purchased a new position in Equity Residential during the third quarter valued at $171,000. Eqis Capital Management Inc. purchased a new position in shares of Equity Residential in the third quarter worth about $216,000. Finally, Dynamic Technology Lab Private Ltd lifted its stake in shares of Equity Residential by 1.8% in the second quarter. Dynamic Technology Lab Private Ltd now owns 3,558 shares of the real estate investment trust’s stock worth $235,000 after buying an additional 64 shares in the last quarter. 93.55% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP Scott Fenster sold 449 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $58.18, for a total transaction of $26,122.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark J. Parrell sold 7,355 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $58.18, for a total transaction of $427,913.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,077 shares of company stock valued at $819,000. 3.79% of the stock is owned by company insiders.

Several equities analysts have recently weighed in on the stock. Jefferies Group reissued a “hold” rating and issued a $62.00 price target on shares of Equity Residential in a research note on Monday, February 5th. Mizuho set a $67.00 price target on shares of Equity Residential and gave the stock a “buy” rating in a research note on Friday, February 9th. Cantor Fitzgerald set a $66.00 price target on shares of Equity Residential and gave the stock a “hold” rating in a research note on Monday, February 5th. SunTrust Banks set a $69.00 price target on shares of Equity Residential and gave the stock a “buy” rating in a research note on Monday, January 22nd. Finally, Stifel Nicolaus decreased their price target on shares of Equity Residential from $64.00 to $60.00 and set a “hold” rating on the stock in a research note on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $67.87.

Shares of Equity Residential (NYSE:EQR) opened at $56.99 on Wednesday. Equity Residential has a 12-month low of $54.97 and a 12-month high of $70.46. The stock has a market cap of $20,833.50, a PE ratio of 34.96, a P/E/G ratio of 2.77 and a beta of 0.34. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 0.29.

Equity Residential (NYSE:EQR) last released its quarterly earnings data on Tuesday, January 30th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $630.50 million for the quarter, compared to analyst estimates of $625.83 million. During the same quarter in the previous year, the business posted $0.79 earnings per share. Equity Residential’s revenue for the quarter was up 4.2% on a year-over-year basis. analysts predict that Equity Residential will post 3.23 EPS for the current year.

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About Equity Residential

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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