New Big Money Means Equity Residential (EQR) Investors Could Reap Benefit

833 institutions hold shares in Equity Residential (EQR), with 5.65M shares held by insiders accounting for 1.51% while institutional investors hold 94.55% of the company’s shares. The shares outstanding are 371.92M, and float is at 366.38M with Short Float at 2.73%. Institutions hold 93.12% of the Float.

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The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 57.25 million shares valued at $3.39 billion. The investor’s holdings represent 15.36% of the EQR Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 39.42 million shares valued at $2.34 billion to account for 10.58% of the shares outstanding. The other top investors are State Street Corporation which holds 20.47 million shares representing 5.49% and valued at over $1.21 billion, while Price (T.Rowe) Associates Inc holds 4.46% of the shares totaling 16.63 million with a market value of $985.79 million.

Equity Residential (NYSE: EQR) is 15.59% higher on its value in year-to-date trading and has touched a low of $45.42 and a high of $87.19 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The EQR stock was last observed hovering at around $66.88 in the last trading session, with the day’s gains setting it 1.64% off its average median price target of $67.00 for the next 12 months. It is also 11.01% off the consensus price target high of $77.00 offered by 20 analysts, but current levels are -42.75% lower than the price target low of $48.00 for the same period.

Currently trading at $68.52, the stock is 5.92% and 11.70% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.54 million and changing 2.45% at the moment leaves the stock 18.18% off its SMA200. EQR registered -20.13% loss for a year compared to 6-month gain of 25.29%. The firm has a 50-day simple moving average (SMA 50) of $62.70 and a 200-day simple moving average (SMA200) of $57.60.

The stock witnessed a 11.31% loss in the last 1 month and extending the period to 3 months gives it a 14.47%, and is 1.99% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.77% over the week and 2.62% over the month.

Equity Residential (EQR) has around 2600 employees, a market worth around $25.32B and $2.57B in sales. Current P/E ratio is 28.30 and Fwd P/E is 55.44. Profit margin for the company is 35.40%. Distance from 52-week low is 50.84% and -21.41% from its 52-week high. The company has generated returns on investments over the last 12 months (7.10%).

Equity Residential (EQR) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Equity Residential (EQR) is a “Hold”. 20 analysts offering their recommendations for the stock have an average rating of 2.80, where 10 rate it as a Hold and 0 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 4 analysts have rated the stock as a Sell or Underperform.

Equity Residential is expected to release its quarterly report on 04/27/2021 and quarterly earnings per share for the current quarter are estimated at $0.24 with sales reaching $597.89M over the same period.The EPS is expected to shrink by -5.70% this year, but quarterly earnings will post -6.30% year-over-year. Quarterly sales are estimated to shrink -12.40% in year-over-year returns.

Equity Residential (EQR) Insider Activity

A total of 16 insider transactions have happened at Equity Residential (EQR) in the last six months, with sales accounting for 6 and purchases happening 10 times. The most recent transaction is an insider sale by Manelis Michael L, the company’s Executive Vice President & COO. SEC filings show that Manelis Michael L sold 388 shares of the company’s common stock on Feb 16 at a price of $67.11 per share for a total of $26039.0. Following the sale, the insider now owns 12159.0 shares.

Equity Residential disclosed in a document filed with the SEC on Feb 16 that Kaufman Ian (Chief Accounting Officer) sold a total of 935 shares of the company’s common stock. The trade occurred on Feb 16 and was made at $67.11 per share for $62748.0. Following the transaction, the insider now directly holds 19875.0 shares of the EQR stock.

Still, SEC filings show that on Feb 16, Garechana Robert (EVP & Chief Financial Officer) disposed off 873 shares at an average price of $67.11 for $58587.0. The insider now directly holds 22,076 shares of Equity Residential (EQR).

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Equity Residential (EQR): Who are the competitors?

The company’s main competitors (and peers) include American Homes 4 Rent (AMH) that is trading 11.37% up over the past 12 months. AvalonBay Communities Inc. (AVB) is -19.95% down on the 1-year trading charts. Short interest in the company’s stock has risen 7.11% from the last report on Dec 30, 2020 to stand at a total of 9.28 million short shares sold with a short interest ratio of 4.12.

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