ASR Vermogensbeheer N.V. Makes New Investment in Equity Residential (NYSE:EQR)

Key Points

• ASR Vermogensbeheer N.V. has made a new investment in Equity Residential, purchasing 36,501 shares valued at approximately $2.6 million.
• The company recently reported quarterly earnings with an EPS of $0.99, meeting analysts' expectations, and generated revenue of $768.83 million.
• Equity Residential declared a fourth-quarter dividend of $0.6925 per share, yielding 4.3%, although its payout ratio currently stands at 105.73%.

ASR Vermogensbeheer N.V. purchased a new position in shares of Equity Residential (NYSE:EQR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 36,501 shares of the real estate investment trust's stock, valued at approximately $2,613,000.

Several other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc lifted its stake in Equity Residential by 51.6% in the first quarter. Versant Capital Management Inc now owns 461 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 157 shares during the period. Kapitalo Investimentos Ltda bought a new stake in shares of Equity Residential in the 4th quarter valued at about $51,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Equity Residential by 27.6% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 740 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 160 shares in the last quarter. Continuum Advisory LLC lifted its position in shares of Equity Residential by 38.8% in the 4th quarter. Continuum Advisory LLC now owns 765 shares of the real estate investment trust's stock worth $55,000 after purchasing an additional 214 shares during the period. Finally, Parvin Asset Management LLC bought a new position in shares of Equity Residential during the fourth quarter valued at approximately $57,000. Hedge funds and other institutional investors own 92.68% of the company's stock.

Equity Residential Stock Up 0.9%

NYSE:EQR opened at $63.94 on Friday. The company has a market cap of $24.29 billion, a PE ratio of 24.13, a P/E/G ratio of 3.26 and a beta of 0.92. Equity Residential has a twelve month low of $59.41 and a twelve month high of $78.83. The company has a current ratio of 0.17, a quick ratio of 0.20 and a debt-to-equity ratio of 0.75. The company's 50 day moving average is $67.26 and its two-hundred day moving average is $68.93.

Equity Residential (NYSE:EQR - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. The business had revenue of $768.83 million during the quarter, compared to the consensus estimate of $770.60 million. Equity Residential had a net margin of 33.22% and a return on equity of 9.05%. The business's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.97 earnings per share. Analysts anticipate that Equity Residential will post 3.98 EPS for the current year.

Equity Residential Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Tuesday, June 24th were paid a dividend of $0.6925 per share. This represents a $2.77 annualized dividend and a yield of 4.3%. The ex-dividend date was Tuesday, June 24th. Equity Residential's payout ratio is presently 105.73%.

Analyst Ratings Changes

EQR has been the subject of a number of recent research reports. Scotiabank reduced their price objective on shares of Equity Residential from $82.00 to $78.00 and set a "sector perform" rating for the company in a research note on Friday, June 13th. Mizuho reduced their price target on Equity Residential from $76.00 to $71.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Stifel Nicolaus set a $80.50 price objective on Equity Residential and gave the stock a "buy" rating in a research note on Tuesday. Royal Bank Of Canada lifted their target price on Equity Residential from $75.00 to $76.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Finally, Barclays boosted their target price on shares of Equity Residential from $79.00 to $83.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $78.43.

Equity Residential Company Profile

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.

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