Published: Thu, May 25, 2017
Money | By Armando Alvarado

Argus Analysts Give Equity Residential (EQR) a $75.00 Price Target

Argus Analysts Give Equity Residential (EQR) a $75.00 Price Target

Delta Asset Management LLC TN now owns 2,012 shares of the real estate investment trust's stock valued at $125,000 after buying an additional 57 shares in the last quarter. Procter And Gamble Cocom now has $221.44 billion valuation. The stock was trading on above-average volume. About shares traded. Procter & Gamble Co (NYSE:PG) has risen 7.54% since May 23, 2016 and is uptrending. It has underperformed by 14.21% the S&P500. Cibc Asset Management reported 0.02% in Equity Residential (NYSE:EQR). State Board Of Administration Of Florida Retirement has invested 0.11% in Equity Residential (NYSE:EQR). Payden & Rygel now owns 318,530 shares of the real estate investment trust's stock valued at $20,491,000 after buying an additional 93,300 shares during the period. Equity Residential's dividend payout ratio is now 17.32%. The stock declined 0.38% or $0.19 reaching $49.69 on the news. Municipal Employees Retirement System of MI boosted its position in shares of Equity Residential by 0.3% in the third quarter. It has underperformed by 13.93% the S&P500.

Since December 7, 2016, it had 0 buys, and 12 insider sales for $9.88 million activity. Shares for $89,481 were sold by Brackenridge Alexander. 5,633 shares were sold by Santee David S, worth $340,572. 68,609 shares were sold by Kerr - II James Y, worth $3.43M. The insider Manelis Michael L sold $86,639.

Equity Residential (NYSE:EQR) last released its quarterly earnings results on Tuesday, April 25th.

Investors sentiment increased to 0.87 in Q4 2016. Its down 0.05, from 1.17 in 2016Q3. It is positive, as 52 investors sold EQR shares while 169 reduced holdings. 81 funds opened positions while 371 raised stakes. 339.21 million shares or 0.51% less from 340.93 million shares in 2016Q3 were reported. Mason Street Advsr Ltd Liability Corp has invested 0.09% in Equity Residential (NYSE:EQR). Boston Partners stated it has 2.64 million shares. Transamerica Fin Advsrs holds 0.07% or 9,139 shares in its portfolio. Institutional investors own 96.62% of the company's stock. Neville Rodie And Shaw holds 9,000 shares or 0.07% of its portfolio. Fincl Bank Of Montreal Can stated it has 0.04% of its portfolio in Equity Residential (NYSE:EQR). Payden & Rygel boosted its position in Equity Residential by 41.4% in the third quarter. Security Capital Research & Management Inc, a Illinois-based fund reported 2.86 million shares. American Ins Tx accumulated 51,150 shares. The company was downgraded on Tuesday, January 10 by Janney Capital. France-based Cap Fund Mngmt Sa has invested 0.03% in Equity Residential (NYSE:EQR).

Father and brother of Manchester bomber arrested in Libya
Azhar Mahmoud, who prays at the mosque in south Manchester, said it was "horrible" that the bomber was associated with it. However, Ramadan Abedi claimed his son was innocent and said he spoke to him five days ago and he sounded "normal" .

Payden & Rygel, which manages about $82.81 billion and $1.08B US Long portfolio, upped its stake in Tlt Us 01/13/17 P114 (Put) (TLT) by 2,329 shares to 8,800 shares, valued at $104.83M in 2016Q4, according to the filing. Dct Industrial Trust Inc (NYSE:DCT) was reduced too. On average, equities analysts predict that Equity Residential will post $1.36 earnings per share for the current fiscal year. During the same quarter in the previous year, the firm posted $0.76 earnings per share. EQR's profit will be $283.33M for 21.22 P/E if the $0.77 EPS becomes a reality. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of $0.74. Finally, Cantor Fitzgerald reiterated a "hold" rating and issued a $63.00 target price on shares of Equity Residential in a research report on Wednesday, February 15th. Therefore 16% are positive. The stock has "Sector Perform" rating by RBC Capital Markets on Monday, February 8. Evercore downgraded the shares of EQR in report on Wednesday, April 27 to "Hold" rating. The company now has an average rating of "Hold" and an average target price of $67.11. BTIG Research initiated Equity Residential (NYSE:EQR) on Thursday, August 25 with "Neutral" rating.

For more information about research offerings from Zacks Investment Research, visit Zacks.com Receive News & Ratings for Equity Residential Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity Residential and related companies with our FREE daily email newsletter. Investec has "Buy" rating and GBX 1890 target. The stock has "Buy" rating by Jefferies on Tuesday, January 12. The firm earned "Buy" rating on Monday, November 23 by Argus Research. The company was maintained on Thursday, August 4 by SunTrust. The stock of Equity Residential (NYSE:EQR) has "Neutral" rating given on Wednesday, March 30 by Citigroup. The shares were sold at an average price of $65.63, for a total value of $65,630.00. Manchester Lc stated it has 1,202 shares. $265,847 worth of stock was sold by FergusonMchugh MaryLynn on Tuesday, February 28. Analysts forecast EPS of $0.77, up exactly $0.01 or 1.32 % from 2014's $0.76 EPS. They expect $0.79 earnings per share, 0.00% or $0.00 from last year's $0.79 per share. Fiduciary reported 90,264 shares stake. Supergroup PLC (LON:SGP) has 0.00% since May 24, 2016 and is. Pension invested in 288,478 shares. Fjarde Ap has 514,622 shares for 1.01% of their portfolio.

Gw Henssler & Associates Ltd decreased Cognizant Technology Solu (NASDAQ:CTSH) stake by 7,861 shares to 162,154 valued at $9.09M in 2016Q4. 29,418 are owned by Moody Bancorporation Tru Division. Commerzbank Aktiengesellschaft Fi holds 15,038 shares. During the trading on 05/22/2017, Company's stock ranged from $44.42 to $43.03. Moreover, Bancorp Of Stockton has 0.17% invested in Procter & Gamble Co (NYSE:PG). Ing Groep Nv accumulated 21,055 shares. Da Davidson & invested in 0.13% or 113,583 shares.

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