Equity Residential (EQR) Stock Declined While Lockheed Martin Investment Management Company Has Decreased Its Stake

April 17, 2018 - By Adrian Erickson

Investors sentiment increased to 1.11 in Q4 2017. Its up 0.21, from 0.9 in 2017Q3. It is positive, as 35 investors sold EQR shares while 148 reduced holdings. 54 funds opened positions while 149 raised stakes. 338.98 million shares or 0.29% less from 339.97 million shares in 2017Q3 were reported. California Pub Employees Retirement System reported 906,693 shares stake. Prudential Public Ltd Co holds 3,316 shares. Old Mutual Global Invsts (Uk) has invested 1% of its portfolio in Equity Residential (NYSE:EQR). Bnp Paribas Arbitrage Sa owns 201,687 shares. Principal Financial Gru invested in 2.30M shares. Sumitomo Life Company holds 0.16% or 19,442 shares in its portfolio. Calamos Lc owns 38,293 shares or 0.01% of their US portfolio. Utd Services Automobile Association has invested 0.03% in Equity Residential (NYSE:EQR). Rhumbline Advisers has invested 0.1% in Equity Residential (NYSE:EQR). Hbk Investments Lp has invested 0.01% in Equity Residential (NYSE:EQR). Robecosam Ag reported 0.01% stake. Global X Mngmt Ltd Liability Corp has 0.02% invested in Equity Residential (NYSE:EQR) for 10,372 shares. Putnam Investments Ltd Liability Co holds 0.05% of its portfolio in Equity Residential (NYSE:EQR) for 373,422 shares. 27,036 were reported by Oppenheimer & Inc. State Of New Jersey Common Pension Fund D accumulated 76,450 shares or 0.02% of the stock.

Since February 7, 2018, it had 0 insider buys, and 9 insider sales for $1.03 million activity. 449 shares valued at $26,124 were sold by Fenster Scott on Wednesday, February 7. Manelis Michael L sold $57,618 worth of stock. Sorenson Christa L also sold $6,807 worth of Equity Residential (NYSE:EQR) on Wednesday, February 7. Shares for $39,796 were sold by Kaufman Ian. Brackenridge Alexander had sold 819 shares worth $47,651 on Wednesday, February 7. The insider Altshuler Barry sold 898 shares worth $52,247.

Lockheed Martin Investment Management Company decreased its stake in Equity Residential (EQR) by 78.23% based on its latest 2017Q4 regulatory filing with the SEC. Lockheed Martin Investment Management Company sold 62,180 shares as the company’s stock declined 6.97% with the market. The institutional investor held 17,300 shares of the real estate investment trusts company at the end of 2017Q4, valued at $1.10M, down from 79,480 at the end of the previous reported quarter. Lockheed Martin Investment Management Company who had been investing in Equity Residential for a number of months, seems to be less bullish one the $23.84B market cap company. The stock increased 1.20% or $0.74 during the last trading session, reaching $62.42. About 554,671 shares traded. Equity Residential (NYSE:EQR) has declined 4.58% since April 17, 2017 and is downtrending. It has underperformed by 16.13% the S&P500.

Lockheed Martin Investment Management Company, which manages about $2.17B US Long portfolio, upped its stake in Select Sector Spdr (XLV) by 74,095 shares to 1.54 million shares, valued at $127.49M in 2017Q4, according to the filing. It also increased its holding in Select Sector Spdr (XLE) by 389,185 shares in the quarter, for a total of 2.83M shares, and has risen its stake in Russell 2000 Index Fund (IWM).

Analysts await Equity Residential (NYSE:EQR) to report earnings on April, 24. They expect $0.78 EPS, up 5.41 % or $0.04 from last year’s $0.74 per share. EQR’s profit will be $297.92M for 20.01 P/E if the $0.78 EPS becomes a reality. After $0.83 actual EPS reported by Equity Residential for the previous quarter, Wall Street now forecasts -6.02 % negative EPS growth.

Equity Residential (NYSE:EQR) Ratings Coverage

Among 12 analysts covering Equity Residential (NYSE:EQR), 4 have Buy rating, 0 Sell and 8 Hold. Therefore 33% are positive. Equity Residential has $76.0 highest and $60.0 lowest target. $64.33’s average target is 3.06% above currents $62.42 stock price. Equity Residential had 24 analyst reports since October 20, 2017 according to SRatingsIntel. The stock has “Hold” rating by Robert W. Baird on Friday, March 2. The firm earned “Buy” rating on Monday, March 19 by SunTrust. The company was maintained on Wednesday, January 31 by Stifel Nicolaus. As per Friday, November 10, the company rating was maintained by Robert W. Baird. The company was maintained on Tuesday, January 30 by Jefferies. The rating was upgraded by Edward Jones on Tuesday, January 16 to “Buy”. The stock of Equity Residential (NYSE:EQR) earned “Buy” rating by SunTrust on Monday, January 22. The rating was maintained by JP Morgan with “Neutral” on Wednesday, February 21. BMO Capital Markets maintained it with “Hold” rating and $66.0 target in Tuesday, January 30 report. As per Monday, November 27, the company rating was maintained by BMO Capital Markets.

Equity Residential (NYSE:EQR) Institutional Positions Chart

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