Campbell & CO Investment Adviser LLC Acquires 4,078 Shares of Equity Residential (NYSE:EQR)

Campbell & CO Investment Adviser LLC grew its holdings in Equity Residential (NYSE:EQRFree Report) by 59.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 10,930 shares of the real estate investment trust’s stock after buying an additional 4,078 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Equity Residential were worth $642,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Pathstone Family Office LLC lifted its holdings in Equity Residential by 148.8% in the 3rd quarter. Pathstone Family Office LLC now owns 7,791 shares of the real estate investment trust’s stock worth $459,000 after buying an additional 4,659 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in Equity Residential by 3.5% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 16,460 shares of the real estate investment trust’s stock worth $966,000 after buying an additional 560 shares during the period. Van ECK Associates Corp lifted its holdings in Equity Residential by 1.7% in the 3rd quarter. Van ECK Associates Corp now owns 128,031 shares of the real estate investment trust’s stock worth $7,517,000 after buying an additional 2,111 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Equity Residential by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,740,733 shares of the real estate investment trust’s stock worth $219,618,000 after buying an additional 98,242 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in shares of Equity Residential by 11.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 5,320 shares of the real estate investment trust’s stock worth $312,000 after acquiring an additional 548 shares in the last quarter. Hedge funds and other institutional investors own 84.79% of the company’s stock.

Analyst Ratings Changes

EQR has been the subject of several research reports. Stifel Nicolaus decreased their target price on Equity Residential from $60.00 to $59.50 and set a “hold” rating for the company in a research report on Friday, November 17th. Mizuho increased their target price on Equity Residential from $58.00 to $62.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 10th. Piper Sandler decreased their target price on Equity Residential from $71.00 to $57.00 and set a “neutral” rating for the company in a research report on Friday, November 10th. Deutsche Bank Aktiengesellschaft initiated coverage on Equity Residential in a research report on Tuesday, January 30th. They issued a “hold” rating and a $64.00 target price for the company. Finally, Royal Bank of Canada increased their target price on Equity Residential from $65.00 to $66.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $66.18.

Get Our Latest Report on Equity Residential

Insiders Place Their Bets

In other Equity Residential news, COO Michael L. Manelis sold 1,639 shares of Equity Residential stock in a transaction on Monday, February 5th. The stock was sold at an average price of $59.43, for a total value of $97,405.77. Following the completion of the sale, the chief operating officer now owns 31,053 shares of the company’s stock, valued at approximately $1,845,479.79. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Chairman David J. Neithercut sold 25,000 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $58.18, for a total value of $1,454,500.00. Following the transaction, the chairman now directly owns 3,392 shares in the company, valued at approximately $197,346.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Michael L. Manelis sold 1,639 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $59.43, for a total value of $97,405.77. Following the completion of the transaction, the chief operating officer now owns 31,053 shares in the company, valued at $1,845,479.79. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,688 shares of company stock valued at $1,554,818. Corporate insiders own 1.69% of the company’s stock.

Equity Residential Stock Down 0.6 %

EQR stock opened at $58.86 on Monday. The firm has a market cap of $22.35 billion, a PE ratio of 26.75, a price-to-earnings-growth ratio of 3.46 and a beta of 0.84. The business has a 50 day moving average of $60.34 and a 200 day moving average of $60.27. Equity Residential has a twelve month low of $52.57 and a twelve month high of $69.45. The company has a quick ratio of 0.18, a current ratio of 0.30 and a debt-to-equity ratio of 0.66.

Equity Residential (NYSE:EQRGet Free Report) last posted its earnings results on Tuesday, January 30th. The real estate investment trust reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.18). The business had revenue of $727.50 million during the quarter, compared to the consensus estimate of $725.07 million. Equity Residential had a return on equity of 7.43% and a net margin of 29.07%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.94 EPS. On average, research analysts forecast that Equity Residential will post 3.81 EPS for the current fiscal year.

Equity Residential Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd were issued a $0.6625 dividend. This represents a $2.65 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date of this dividend was Friday, December 29th. Equity Residential’s payout ratio is 120.45%.

Equity Residential Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Equity Residential (NYSE:EQR)

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