Seven Post Investment Office LP Has $18.35 Million Holdings in Equity Residential (NYSE:EQR)

Seven Post Investment Office LP increased its holdings in shares of Equity Residential (NYSE:EQR) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 300,061 shares of the real estate investment trust’s stock after purchasing an additional 3,944 shares during the period. Equity Residential makes up about 4.6% of Seven Post Investment Office LP’s holdings, making the stock its 5th biggest position. Seven Post Investment Office LP owned 0.08% of Equity Residential worth $18,352,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in EQR. Financial Gravity Asset Management Inc. grew its stake in Equity Residential by 593.9% during the third quarter. Financial Gravity Asset Management Inc. now owns 458 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 392 shares during the period. Bruce G. Allen Investments LLC acquired a new stake in Equity Residential during the fourth quarter worth approximately $28,000. Allworth Financial LP grew its stake in Equity Residential by 120.8% in the fourth quarter. Allworth Financial LP now owns 488 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 267 shares during the period. AdvisorNet Financial Inc acquired a new stake in Equity Residential in the fourth quarter valued at approximately $34,000. Finally, Kelly Lawrence W & Associates Inc. CA acquired a new stake in Equity Residential in the third quarter valued at approximately $40,000. Institutional investors and hedge funds own 92.68% of the company’s stock.

Insider Buying and Selling

In other news, Director Mary Kay Haben sold 3,241 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $65.48, for a total value of $212,220.68. Following the completion of the transaction, the director now directly owns 9,720 shares in the company, valued at approximately $636,465.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Mary Kay Haben sold 3,241 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $65.48, for a total value of $212,220.68. Following the completion of the transaction, the director now directly owns 9,720 shares in the company, valued at approximately $636,465.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Ian Kaufman sold 716 shares of the company’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $57.80, for a total value of $41,384.80. Following the completion of the transaction, the chief accounting officer now owns 23,949 shares of the company’s stock, valued at $1,384,252.20. The disclosure for this sale can be found here. Insiders sold a total of 10,548 shares of company stock worth $666,351 over the last ninety days. 1.00% of the stock is owned by corporate insiders.

Equity Residential Stock Performance

Equity Residential stock traded up $0.35 during mid-day trading on Friday, reaching $65.91. 1,639,215 shares of the company’s stock were exchanged, compared to its average volume of 2,218,153. The business’s fifty day simple moving average is $62.45 and its 200 day simple moving average is $60.01. The firm has a market capitalization of $25.02 billion, a PE ratio of 27.35, a P/E/G ratio of 3.49 and a beta of 0.82. Equity Residential has a one year low of $52.57 and a one year high of $69.45. The company has a quick ratio of 0.30, a current ratio of 0.23 and a debt-to-equity ratio of 0.64.

Equity Residential (NYSE:EQR) last issued its earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.02. The firm had revenue of $730.80 million for the quarter, compared to analyst estimates of $728.09 million. Equity Residential had a return on equity of 8.18% and a net margin of 31.70%. The business’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.87 earnings per share. On average, sell-side analysts expect that Equity Residential will post 3.87 earnings per share for the current year.

Equity Residential Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Monday, March 25th were given a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 4.10%. This is a boost from Equity Residential’s previous quarterly dividend of $0.66. The ex-dividend date was Friday, March 22nd. Equity Residential’s payout ratio is presently 112.03%.

Analysts Set New Price Targets

A number of equities research analysts have commented on EQR shares. Royal Bank of Canada raised their price objective on Equity Residential from $65.00 to $66.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Wedbush reissued a “neutral” rating and issued a $68.00 price objective on shares of Equity Residential in a research note on Monday, April 29th. Deutsche Bank Aktiengesellschaft initiated coverage on Equity Residential in a research note on Tuesday, January 30th. They issued a “hold” rating and a $64.00 price objective for the company. Evercore ISI raised their target price on Equity Residential from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Finally, Raymond James upgraded Equity Residential from an “underperform” rating to a “market perform” rating in a report on Monday, March 18th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $67.04.

Equity Residential 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.