UBS Asset Management Americas Inc. grew its holdings in Equity Residential (NYSE:EQR) by 2.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,966,393 shares of the real estate investment trust’s stock after acquiring an additional 46,868 shares during the period. UBS Asset Management Americas Inc.’s holdings in Equity Residential were worth $125,397,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Amica Retiree Medical Trust purchased a new position in shares of Equity Residential in the 3rd quarter worth $135,000. Zions Bancorporation grew its stake in shares of Equity Residential by 3,348.4% in the 3rd quarter. Zions Bancorporation now owns 2,138 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 2,076 shares in the last quarter. Americafirst Capital Management LLC purchased a new position in shares of Equity Residential in the 3rd quarter worth $171,000. Bridges Investment Management Inc. purchased a new position in shares of Equity Residential in the 4th quarter worth $206,000. Finally, Eqis Capital Management Inc. purchased a new position in shares of Equity Residential in the 3rd quarter worth $216,000. 93.99% of the stock is owned by institutional investors and hedge funds.
In related news, CFO Mark J. Parrell sold 7,355 shares of Equity Residential stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Scott Fenster sold 449 shares of Equity Residential 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,077 shares of company stock valued at $819,000. 3.79% of the stock is owned by corporate insiders.
Equity Residential (NYSE EQR) opened at $57.97 on Tuesday. Equity Residential has a 52 week low of $54.97 and a 52 week 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 company has a market cap of $21,334.01, a PE ratio of 18.46, a P/E/G ratio of 3.02 and a beta of 0.34.
Equity Residential (NYSE:EQR) last released its quarterly earnings results on Tuesday, January 30th. The real estate investment trust reported $0.34 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $625.83 million. During the same period in the prior year, the firm 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 earnings per share for the current year.
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Equity Residential Company 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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