TLP Group LLC decreased its holdings in shares of Equity Residential (NYSE:EQR) by 36.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,882 shares of the real estate investment trust’s stock after selling 4,580 shares during the quarter. Equity Residential makes up about 1.8% of TLP Group LLC’s investment portfolio, making the stock its 14th biggest holding. TLP Group LLC’s holdings in Equity Residential were worth $483,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. ETRADE Capital Management LLC lifted its stake in Equity Residential by 0.4% in the fourth quarter. ETRADE Capital Management LLC now owns 39,176 shares of the real estate investment trust’s stock valued at $2,586,000 after acquiring an additional 138 shares during the last quarter. Braun Bostich & Associates Inc. lifted its stake in Equity Residential by 38.0% in the fourth quarter. Braun Bostich & Associates Inc. now owns 516 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 142 shares during the last quarter. Keybank National Association OH lifted its stake in Equity Residential by 5.0% in the fourth quarter. Keybank National Association OH now owns 3,454 shares of the real estate investment trust’s stock valued at $228,000 after acquiring an additional 164 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Equity Residential by 3.5% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 5,174 shares of the real estate investment trust’s stock valued at $342,000 after acquiring an additional 174 shares during the last quarter. Finally, Advisor Group Inc. lifted its stake in Equity Residential by 6.2% in the fourth quarter. Advisor Group Inc. now owns 3,069 shares of the real estate investment trust’s stock valued at $202,000 after acquiring an additional 179 shares during the last quarter. Institutional investors and hedge funds own 87.63% of the company’s stock.
In other news, Director David J. Neithercut sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $74.52, for a total transaction of $3,726,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Scott Fenster sold 475 shares of the firm’s stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $72.21, for a total transaction of $34,299.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 220,195 shares of company stock valued at $16,160,775. 3.75% of the stock is currently owned by corporate insiders.
NYSE EQR opened at $74.76 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.85. The stock has a market cap of $27.66 billion, a PE ratio of 23.00, a P/E/G ratio of 3.74 and a beta of 0.59. Equity Residential has a 52-week low of $57.96 and a 52-week high of $75.65.
Equity Residential (NYSE:EQR) last posted its earnings results on Tuesday, January 29th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.54). The company had revenue of $652.55 million for the quarter, compared to analyst estimates of $652.35 million. Equity Residential had a return on equity of 6.31% and a net margin of 25.50%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.83 EPS. As a group, equities research analysts expect that Equity Residential will post 3.4 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Monday, March 25th will be paid a dividend of $0.5675 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Friday, March 22nd. This is a boost from Equity Residential’s previous quarterly dividend of $0.54. Equity Residential’s dividend payout ratio (DPR) is currently 66.46%.
About Equity Residential
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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