Telemus Capital LLC Has $568,000 Holdings in Equity Residential (NYSE:EQR)

Telemus Capital LLC lessened its stake in Equity Residential (NYSE:EQR) by 3.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,283 shares of the real estate investment trust’s stock after selling 328 shares during the quarter. Telemus Capital LLC’s holdings in Equity Residential were worth $568,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in EQR. Envestnet Asset Management Inc. lifted its holdings in Equity Residential by 39.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 234,022 shares of the real estate investment trust’s stock valued at $13,739,000 after purchasing an additional 65,982 shares during the last quarter. Pallas Capital Advisors LLC acquired a new stake in shares of Equity Residential during the fourth quarter worth $1,110,000. Wellington Management Group LLP lifted its holdings in shares of Equity Residential by 61.9% during the third quarter. Wellington Management Group LLP now owns 64,809 shares of the real estate investment trust’s stock worth $3,805,000 after buying an additional 24,787 shares in the last quarter. Banque Cantonale Vaudoise lifted its holdings in shares of Equity Residential by 128.7% during the third quarter. Banque Cantonale Vaudoise now owns 11,372 shares of the real estate investment trust’s stock worth $668,000 after buying an additional 6,400 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. lifted its holdings in shares of Equity Residential by 12.5% during the third quarter. Adage Capital Partners GP L.L.C. now owns 743,250 shares of the real estate investment trust’s stock worth $43,636,000 after buying an additional 82,773 shares in the last quarter. Institutional investors and hedge funds own 92.68% of the company’s stock.

Insider Activity at Equity Residential

In other news, CFO Robert Garechana sold 876 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $57.80, for a total value of $50,632.80. Following the completion of the transaction, the chief financial officer now owns 20,933 shares in the company, valued at $1,209,927.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Robert Garechana sold 876 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 $50,632.80. Following the completion of the transaction, the chief financial officer now directly owns 20,933 shares of the company’s stock, valued at approximately $1,209,927.40. The disclosure for this sale can be found here. Insiders have sold 3,280 shares of company stock worth $192,335 over the last ninety days. 1.00% of the stock is owned by corporate insiders.

Equity Residential Stock Up 1.6 %

Shares of NYSE EQR opened at $62.54 on Tuesday. Equity Residential has a 52 week low of $52.57 and a 52 week high of $69.45. The business has a 50-day simple moving average of $61.58 and a two-hundred day simple moving average of $59.71. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.66. The company has a market cap of $23.70 billion, a P/E ratio of 28.43, a P/E/G ratio of 3.57 and a beta of 0.84.

Equity Residential (NYSE:EQR) last issued its quarterly earnings results on Tuesday, January 30th. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.18). The business had revenue of $727.50 million for the quarter, compared to the consensus estimate of $725.07 million. Equity Residential had a net margin of 29.07% and a return on equity of 7.43%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.94 EPS. Research analysts anticipate that Equity Residential will post 3.86 earnings per share for the current fiscal year.

Equity Residential Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Friday, March 22nd. This is a positive change from Equity Residential’s previous quarterly dividend of $0.66. This represents a $2.70 annualized dividend and a dividend yield of 4.32%. Equity Residential’s payout ratio is currently 122.73%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Raymond James upgraded Equity Residential from an “underperform” rating to a “market perform” rating in a research report on Monday, March 18th. BMO Capital Markets raised Equity Residential from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $68.00 to $70.00 in a research note on Monday. Barclays cut their price target on Equity Residential from $69.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 20th. The Goldman Sachs Group reissued a “buy” rating and set a $70.00 price target on shares of Equity Residential in a research note on Thursday, February 22nd. Finally, Royal Bank of Canada lifted their price target on Equity Residential from $65.00 to $66.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Ten research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $65.75.

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.