Nisa Investment Advisors LLC Has $14.50 Million Stock Position in Equity Residential (NYSE:EQR)

Nisa Investment Advisors LLC lifted its holdings in shares of Equity Residential (NYSE:EQR) by 0.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 209,124 shares of the real estate investment trust’s stock after acquiring an additional 1,371 shares during the period. Nisa Investment Advisors LLC’s holdings in Equity Residential were worth $14,501,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in shares of Equity Residential in the fourth quarter worth approximately $1,577,000. Sequoia Financial Advisors LLC bought a new stake in Equity Residential during the fourth quarter worth $216,000. Louisiana State Employees Retirement System purchased a new stake in Equity Residential in the 4th quarter valued at $1,278,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Equity Residential by 4.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 209,111 shares of the real estate investment trust’s stock valued at $12,789,000 after acquiring an additional 8,625 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in Equity Residential by 88.3% during the 4th quarter. Avior Wealth Management LLC now owns 5,619 shares of the real estate investment trust’s stock worth $344,000 after acquiring an additional 2,635 shares during the last quarter. Institutional investors and hedge funds own 92.68% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on EQR shares. UBS Group increased their target price on shares of Equity Residential from $75.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, July 18th. JPMorgan Chase & Co. boosted their price objective on Equity Residential from $66.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, June 17th. Evercore ISI lowered Equity Residential from an “outperform” rating to an “in-line” rating and set a $70.00 target price for the company. in a research report on Monday, May 13th. Scotiabank raised their price objective on shares of Equity Residential from $72.00 to $73.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 7th. Finally, Mizuho increased their target price on shares of Equity Residential from $61.00 to $64.00 and gave the company a “neutral” rating in a research report on Thursday, May 30th. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Equity Residential has an average rating of “Hold” and an average target price of $70.91.

Insider Buying and Selling

In other Equity Residential news, CFO Robert Garechana sold 6,357 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $69.08, for a total transaction of $439,141.56. Following the completion of the sale, 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 document filed with the SEC, which is accessible through this link. 1.00% of the stock is owned by corporate insiders.

Equity Residential Trading Up 0.2 %

Shares of EQR stock opened at $71.58 on Tuesday. The company has a quick ratio of 0.23, a current ratio of 0.21 and a debt-to-equity ratio of 0.64. The firm has a market cap of $27.17 billion, a P/E ratio of 29.70, a price-to-earnings-growth ratio of 4.06 and a beta of 0.87. The business has a 50-day moving average price of $69.09 and a two-hundred day moving average price of $65.11. Equity Residential has a 12-month low of $52.57 and a 12-month high of $72.32.

Equity Residential (NYSE:EQR) last released its earnings results on Monday, July 29th. The real estate investment trust reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.49). Equity Residential had a return on equity of 8.53% and a net margin of 32.83%. The firm had revenue of $734.20 million during the quarter, compared to the consensus estimate of $735.26 million. During the same quarter in the previous year, the firm earned $0.94 EPS. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. Equities analysts anticipate that Equity Residential will post 3.88 EPS for the current fiscal year.

Equity Residential Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Monday, July 1st were given a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date was Monday, July 1st. Equity Residential’s payout ratio is presently 112.03%.

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.