Deutsche Bank AG Has $88.92 Million Stock Holdings in Equity Residential (NYSE:EQR)

Deutsche Bank AG cut its position in Equity Residential (NYSE:EQR - Free Report) by 2.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,242,229 shares of the real estate investment trust's stock after selling 33,265 shares during the quarter. Deutsche Bank AG owned 0.33% of Equity Residential worth $88,919,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in EQR. Versant Capital Management Inc increased its position in Equity Residential by 51.6% during the 1st quarter. Versant Capital Management Inc now owns 461 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 157 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Equity Residential by 27.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 740 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 160 shares during the last quarter. Greenleaf Trust grew its holdings in Equity Residential by 4.4% during the 1st quarter. Greenleaf Trust now owns 3,858 shares of the real estate investment trust's stock worth $276,000 after acquiring an additional 162 shares during the last quarter. Brown Advisory Inc. grew its holdings in Equity Residential by 1.6% during the 1st quarter. Brown Advisory Inc. now owns 10,733 shares of the real estate investment trust's stock worth $768,000 after acquiring an additional 166 shares during the last quarter. Finally, Avior Wealth Management LLC grew its holdings in Equity Residential by 2.9% during the 1st quarter. Avior Wealth Management LLC now owns 6,283 shares of the real estate investment trust's stock worth $450,000 after acquiring an additional 177 shares during the last quarter. 92.68% of the stock is currently owned by institutional investors and hedge funds.

Equity Residential Stock Down 0.7%

Shares of Equity Residential stock traded down $0.42 during trading on Thursday, reaching $63.57. 1,074,049 shares of the company traded hands, compared to its average volume of 1,921,626. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.17 and a quick ratio of 0.17. Equity Residential has a 1-year low of $59.41 and a 1-year high of $78.83. The company has a 50 day moving average price of $66.75 and a 200-day moving average price of $68.77. The firm has a market capitalization of $24.28 billion, a PE ratio of 23.99, a P/E/G ratio of 3.18 and a beta of 0.92.

Equity Residential (NYSE:EQR - Get Free Report) last released its earnings results on Monday, August 4th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.99. Equity Residential had a net margin of 33.22% and a return on equity of 9.05%. The company had revenue of $768.83 million for the quarter, compared to the consensus estimate of $770.60 million. During the same quarter in the previous year, the company earned $0.97 EPS. Equity Residential's quarterly revenue was up 4.7% compared to the same quarter last year. As a group, equities research analysts expect that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Equity Residential Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Tuesday, June 24th were issued a dividend of $0.6925 per share. The ex-dividend date was Tuesday, June 24th. This represents a $2.77 annualized dividend and a yield of 4.4%. Equity Residential's dividend payout ratio is presently 104.53%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on EQR shares. Wall Street Zen lowered shares of Equity Residential from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Evercore ISI reduced their price objective on shares of Equity Residential from $72.00 to $71.00 and set an "outperform" rating on the stock in a research note on Tuesday. Morgan Stanley set a $75.00 price objective on shares of Equity Residential and gave the company an "equal weight" rating in a research note on Wednesday. Wedbush reaffirmed a "neutral" rating and issued a $75.00 price objective on shares of Equity Residential in a research note on Wednesday, May 28th. Finally, Scotiabank reaffirmed a "sector perform" rating and issued a $77.00 price objective (down from $78.00) on shares of Equity Residential in a research note on Thursday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $77.78.

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.