Equity Residential (NYSE:EQR) Shares Sold by Maplelane Capital LLC

Maplelane Capital LLC lowered its holdings in Equity Residential (NYSE:EQR) by 40.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 290,000 shares of the real estate investment trust’s stock after selling 195,000 shares during the quarter. Equity Residential accounts for 0.7% of Maplelane Capital LLC’s holdings, making the stock its 29th largest holding. Maplelane Capital LLC owned 0.08% of Equity Residential worth $20,109,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of EQR. MBB Public Markets I LLC purchased a new stake in shares of Equity Residential in the 2nd quarter valued at approximately $1,786,000. Dark Forest Capital Management LP acquired a new stake in Equity Residential in the 2nd quarter valued at approximately $260,000. APG Asset Management N.V. raised its position in Equity Residential by 1,847.4% in the second quarter. APG Asset Management N.V. now owns 269,752 shares of the real estate investment trust’s stock valued at $17,452,000 after purchasing an additional 255,900 shares during the period. AQR Capital Management LLC lifted its stake in Equity Residential by 101.0% during the 2nd quarter. AQR Capital Management LLC now owns 60,857 shares of the real estate investment trust’s stock worth $4,195,000 after acquiring an additional 30,587 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Equity Residential during the second quarter worth about $1,236,000. Institutional investors and hedge funds own 92.68% of the company’s stock.

Wall Street Analyst Weigh In

EQR has been the subject of a number of research reports. Mizuho lifted their price objective on shares of Equity Residential from $61.00 to $64.00 and gave the company a “neutral” rating in a report on Thursday, May 30th. Wedbush boosted their price target on shares of Equity Residential from $68.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Bank of America lowered Equity Residential from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $78.00 to $82.00 in a research report on Tuesday. Deutsche Bank Aktiengesellschaft upgraded Equity Residential from a “hold” rating to a “buy” rating and lifted their target price for the company from $62.00 to $83.00 in a report on Tuesday, September 10th. Finally, UBS Group upped their price target on Equity Residential from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Thirteen 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 currently has an average rating of “Hold” and an average price target of $75.97.

Equity Residential Stock Down 1.2 %

Shares of NYSE:EQR opened at $74.31 on Friday. The firm has a 50 day simple moving average of $73.14 and a 200-day simple moving average of $67.93. Equity Residential has a twelve month low of $52.57 and a twelve month high of $78.83. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $28.20 billion, a PE ratio of 30.83, a P/E/G ratio of 5.60 and a beta of 0.89.

Equity Residential (NYSE:EQR) last released its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.49). Equity Residential had a net margin of 32.83% and a return on equity of 8.53%. The company had revenue of $734.20 million during the quarter, compared to analyst estimates of $735.26 million. During the same quarter in the prior year, the company earned $0.94 EPS. The business’s revenue was up 2.4% on a year-over-year basis. On average, equities analysts predict that Equity Residential will post 3.89 EPS for the current fiscal year.

Equity Residential Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Tuesday, September 24th will be given a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend is Tuesday, September 24th. Equity Residential’s dividend payout ratio (DPR) is 112.03%.

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.