Natixis Has $12.47 Million Stock Position in Equity Residential (NYSE:EQR)

Natixis raised its position in Equity Residential (NYSE:EQR) by 49.8% in the 1st quarter, HoldingsChannel reports. The fund owned 197,614 shares of the real estate investment trust’s stock after purchasing an additional 65,690 shares during the period. Natixis’ holdings in Equity Residential were worth $12,471,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Equity Residential in the 4th quarter worth approximately $2,143,388,000. Davis Asset Management L.P. acquired a new position in shares of Equity Residential in the 4th quarter worth approximately $61,160,000. First Eagle Investment Management LLC raised its holdings in shares of Equity Residential by 5.9% in the 4th quarter. First Eagle Investment Management LLC now owns 9,325,268 shares of the real estate investment trust’s stock worth $570,333,000 after buying an additional 516,941 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Equity Residential by 77.5% in the 1st quarter. Sei Investments Co. now owns 1,061,862 shares of the real estate investment trust’s stock worth $67,014,000 after buying an additional 463,664 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Equity Residential by 793.8% in the 1st quarter. SG Americas Securities LLC now owns 444,791 shares of the real estate investment trust’s stock worth $28,071,000 after buying an additional 395,029 shares in the last quarter. Institutional investors and hedge funds own 92.68% of the company’s stock.

Equity Residential Trading Down 0.7 %

Shares of NYSE:EQR traded down $0.49 during midday trading on Thursday, hitting $69.52. The company had a trading volume of 2,537,276 shares, compared to its average volume of 1,935,875. Equity Residential has a 12 month low of $52.57 and a 12 month high of $71.40. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.64. The stock has a market cap of $26.39 billion, a price-to-earnings ratio of 29.05, a PEG ratio of 4.07 and a beta of 0.87. The firm has a fifty day simple moving average of $67.27 and a 200 day simple moving average of $63.80.

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

Equity Residential Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Monday, July 1st were given a $0.675 dividend. The ex-dividend date of this dividend was Monday, July 1st. This represents a $2.70 annualized dividend and a dividend yield of 3.88%. Equity Residential’s dividend payout ratio is currently 112.03%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EQR. Truist Financial increased their target price on Equity Residential from $67.00 to $73.00 and gave the stock a “buy” rating in a report on Monday, June 24th. Evercore ISI cut Equity Residential from an “outperform” rating to an “in-line” rating and set a $70.00 price target for the company. in a report on Monday, May 13th. Piper Sandler raised Equity Residential from a “neutral” rating to an “overweight” rating and raised their price target for the company from $70.00 to $80.00 in a report on Friday, June 28th. UBS Group raised their price target on Equity Residential from $75.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Finally, BMO Capital Markets raised Equity Residential from a “market perform” rating to an “outperform” rating and raised their price target for the company from $68.00 to $70.00 in a report on Monday, April 22nd. Eleven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $69.53.

Insider Transactions at Equity Residential

In other news, CFO Robert Garechana sold 6,357 shares of the firm’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $69.08, for a total value of $439,141.56. Following the transaction, the chief financial officer now directly owns 14,576 shares in the company, valued at approximately $1,006,910.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Equity Residential news, CFO Robert Garechana sold 6,357 shares of Equity Residential stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $69.08, for a total transaction of $439,141.56. Following the transaction, the chief financial officer now directly owns 14,576 shares in the company, valued at $1,006,910.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mary Kay Haben sold 3,241 shares of Equity Residential 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 transaction, the director now owns 9,720 shares in the company, valued at $636,465.60. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

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.