Cwm LLC Sells 1,020 Shares of Equity Residential (NYSE:EQR)

Cwm LLC reduced its holdings in Equity Residential (NYSE:EQR) by 28.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,546 shares of the real estate investment trust’s stock after selling 1,020 shares during the quarter. Cwm LLC’s holdings in Equity Residential were worth $156,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Cornercap Investment Counsel Inc. increased its position in Equity Residential by 2.6% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 7,291 shares of the real estate investment trust’s stock valued at $446,000 after buying an additional 185 shares in the last quarter. Czech National Bank raised its position in shares of Equity Residential by 0.4% during the fourth quarter. Czech National Bank now owns 60,520 shares of the real estate investment trust’s stock worth $3,701,000 after purchasing an additional 236 shares during the period. Covestor Ltd lifted its holdings in shares of Equity Residential by 17.3% in the 3rd quarter. Covestor Ltd now owns 1,626 shares of the real estate investment trust’s stock worth $95,000 after purchasing an additional 240 shares in the last quarter. Allworth Financial LP grew its position in Equity Residential by 120.8% in the 4th quarter. Allworth Financial LP now owns 488 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 267 shares during the period. Finally, Baldwin Brothers LLC MA increased its stake in Equity Residential by 34.1% during the 4th quarter. Baldwin Brothers LLC MA now owns 1,145 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 291 shares in the last quarter. 92.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EQR has been the subject of a number of analyst reports. Barclays reduced their price objective on shares of Equity Residential from $69.00 to $67.00 and set an “equal weight” rating for the company in a report on Tuesday, February 20th. Truist Financial decreased their price objective on Equity Residential from $71.00 to $67.00 and set a “buy” rating for the company in a report on Tuesday, April 9th. BMO Capital Markets raised Equity Residential from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $68.00 to $70.00 in a research report on Monday, April 22nd. Evercore ISI boosted their price target on shares of Equity Residential from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Finally, Morgan Stanley increased their price objective on shares of Equity Residential from $58.00 to $64.00 and gave the company an “equal weight” rating in a research note on Monday, February 26th. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $67.04.

Equity Residential Stock Up 0.5 %

EQR stock opened at $65.91 on Monday. The stock has a fifty day moving average of $62.45 and a 200-day moving average of $60.02. Equity Residential has a fifty-two week low of $52.57 and a fifty-two week high of $69.45. The company has a market capitalization of $25.02 billion, a price-to-earnings ratio of 27.35, a PEG ratio of 3.49 and a beta of 0.82. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.30 and a current ratio of 0.23.

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

Equity Residential Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Monday, March 25th were issued a $0.675 dividend. This is a positive change from Equity Residential’s previous quarterly dividend of $0.66. This represents a $2.70 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date of this dividend was Friday, March 22nd. Equity Residential’s dividend payout ratio (DPR) is presently 112.03%.

Insider Activity

In related news, CFO Robert Garechana sold 876 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $57.80, for a total transaction of $50,632.80. Following the sale, the chief financial officer now owns 20,933 shares of the company’s stock, valued at approximately $1,209,927.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Equity Residential news, CFO Robert Garechana sold 876 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $57.80, for a total value of $50,632.80. Following the sale, the chief financial officer now directly owns 20,933 shares in the company, valued at approximately $1,209,927.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Ian Kaufman sold 716 shares of Equity Residential stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $57.80, for a total value of $41,384.80. Following the sale, the chief accounting officer now owns 23,949 shares of the company’s stock, valued at approximately $1,384,252.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,860 shares of company stock worth $566,034. 1.00% of the stock is owned by corporate insiders.

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.