MGO One Seven LLC Invests $264,000 in Equity Residential (NYSE:EQR)

MGO One Seven LLC bought a new position in shares of Equity Residential (NYSE:EQR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,672 shares of the real estate investment trust's stock, valued at approximately $264,000.

Other institutional investors also recently bought and sold shares of the company. Keybank National Association OH increased its holdings in Equity Residential by 2.0% during the fourth quarter. Keybank National Association OH now owns 7,001 shares of the real estate investment trust's stock valued at $502,000 after buying an additional 139 shares during the period. AdvisorNet Financial Inc grew its position in Equity Residential by 25.3% during the 4th quarter. AdvisorNet Financial Inc now owns 722 shares of the real estate investment trust's stock worth $52,000 after purchasing an additional 146 shares during the last quarter. Transamerica Financial Advisors Inc. grew its holdings in shares of Equity Residential by 4.1% during the fourth quarter. Transamerica Financial Advisors Inc. now owns 3,827 shares of the real estate investment trust's stock valued at $275,000 after buying an additional 151 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Equity Residential by 38.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 558 shares of the real estate investment trust's stock valued at $40,000 after purchasing an additional 156 shares during the period. Finally, Frank Rimerman Advisors LLC raised its position in Equity Residential by 4.0% during the 4th quarter. Frank Rimerman Advisors LLC now owns 5,604 shares of the real estate investment trust's stock worth $402,000 after buying an additional 218 shares during the last quarter. 92.68% of the stock is currently owned by hedge funds and other institutional investors.

Equity Residential Stock Up 1.5 %

Shares of Equity Residential stock traded up $1.08 during trading hours on Friday, reaching $71.70. 2,103,171 shares of the company were exchanged, compared to its average volume of 1,698,878. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.36 and a current ratio of 0.36. The firm has a market cap of $27.23 billion, a PE ratio of 26.36, a PEG ratio of 3.99 and a beta of 0.85. The stock's fifty day moving average is $69.38 and its 200 day moving average is $71.19. Equity Residential has a 1 year low of $59.41 and a 1 year high of $78.84.

Equity Residential (NYSE:EQR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.02. The business had revenue of $760.81 million for the quarter, compared to analyst estimates of $769.43 million. Equity Residential had a net margin of 34.76% and a return on equity of 9.27%. The company's revenue was up 4.1% on a year-over-year basis. During the same period last year, the business earned $0.93 EPS. As a group, equities research analysts forecast that Equity Residential will post 3.98 earnings per share for the current year.

Equity Residential Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were given a dividend of $0.6925 per share. This represents a $2.77 annualized dividend and a dividend yield of 3.86%. The ex-dividend date was Monday, March 31st. This is an increase from Equity Residential's previous quarterly dividend of $0.68. Equity Residential's payout ratio is currently 105.73%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on EQR shares. Stifel Nicolaus decreased their price objective on Equity Residential from $82.25 to $80.00 and set a "buy" rating for the company in a report on Wednesday. Royal Bank of Canada upped their price target on shares of Equity Residential from $75.00 to $76.00 and gave the stock an "outperform" rating in a research report on Thursday. Wells Fargo & Company decreased their price objective on Equity Residential from $77.00 to $75.00 and set an "equal weight" rating on the stock in a report on Friday, January 24th. Barclays lowered their target price on Equity Residential from $83.00 to $79.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. Finally, Evercore ISI upped their price objective on shares of Equity Residential from $74.00 to $76.00 and gave the company an "in-line" rating in a report on Monday, February 10th. Ten research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Equity Residential currently has a consensus rating of "Hold" and a consensus price target of $78.71.

Insider Activity at Equity Residential

In related news, CAO Ian Kaufman sold 642 shares of the stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $72.06, for a total transaction of $46,262.52. Following the completion of the sale, the chief accounting officer now owns 25,539 shares in the company, valued at $1,840,340.34. This represents a 2.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Scott Fenster sold 5,340 shares of the firm's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $72.06, for a total value of $384,800.40. Following the transaction, the executive vice president now directly owns 35,507 shares in the company, valued at approximately $2,558,634.42. This represents a 13.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,763 shares of company stock valued at $1,424,217 over the last ninety days. Insiders own 1.00% of the company's stock.

About Equity Residential

Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, is focused on the acquisition, development and management of residential properties located in and around dynamic cities that attract affluent long-term renters. Equity Residential owns or has investments in 305 properties consisting of 80,683 apartment units, with an established presence in Boston, New York, Washington, DC, Seattle, San Francisco and Southern California, and an expanding presence in Denver, Atlanta, Dallas/Ft.