Equity Residential Could Rise a Lot According to The Today’s Call Option Activity


 Equity Residential Could Rise a Lot According to The Today's Call Option Activity

In today’s session Equity Residential (EQR) registered an unusually high (365) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious EQR increase. With 365 contracts traded and 1074 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: EQR161118C00067000 closed last at: $1.05 or 8.7% down. The stock decreased 0.95% or $0.6 on October 4, hitting $62.51. Equity Residential (NYSE:EQR) has declined 10.73% since March 2, 2016 and is downtrending. It has underperformed by 19.97% the S&P500.

Analysts await Equity Residential (NYSE:EQR) to report earnings on October, 24. They expect $0.77 EPS, down 11.49% or $0.10 from last year’s $0.87 per share. EQR’s profit will be $281.84 million for 20.30 P/E if the $0.77 EPS becomes a reality. After $0.76 actual EPS reported by Equity Residential for the previous quarter, Wall Street now forecasts 1.32% EPS growth.

Equity Residential (NYSE:EQR) Ratings Coverage

Out of 18 analysts covering Equity Residential (NYSE:EQR), 5 rate it a “Buy”, 1 “Sell”, while 12 “Hold”. This means 28% are positive. Equity Residential has been the topic of 38 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Equity Residential (NYSE:EQR) earned “Hold” rating by Deutsche Bank on Wednesday, August 10. The company was downgraded on Wednesday, March 30 by Citigroup. The company was maintained on Thursday, August 4 by SunTrust. The stock of Equity Residential (NYSE:EQR) earned “Market Outperform” rating by JMP Securities on Tuesday, September 15. The firm has “Buy” rating by Evercore given on Tuesday, September 8. RBC Capital Markets maintained the stock with “Sector Perform” rating in Monday, February 8 report. Deutsche Bank maintained the stock with “Hold” rating in Friday, June 3 report. The firm has “Neutral” rating given on Monday, April 11 by Bank of America. BTIG Research initiated the shares of EQR in a report on Thursday, August 25 with “Neutral” rating. Jefferies downgraded the stock to “Hold” rating in Wednesday, June 8 report.

Insitutional Activity: The institutional sentiment increased to 1.14 in Q2 2016. Its up 0.22, from 0.92 in 2016Q1. The ratio is positive, as 41 funds sold all Equity Residential shares owned while 154 reduced positions. 61 funds bought stakes while 161 increased positions. They now own 338.61 million shares or 5.37% less from 357.82 million shares in 2016Q1.
Great West Life Assurance Can accumulated 0.07% or 269,253 shares. Credit Agricole S A has invested 0.06% of its portfolio in Equity Residential (NYSE:EQR). Advisor Prtn Limited Liability has 3,127 shares for 0.08% of their US portfolio. Seabridge Investment Llc last reported 800 shares in the company. Benjamin F Edwards & has invested 0.01% of its portfolio in Equity Residential (NYSE:EQR). Moreover, Cadence Ltd has 0.1% invested in Equity Residential (NYSE:EQR) for 18,910 shares. Alyeska Investment Grp Inc Limited Partnership accumulated 177,008 shares or 0.12% of the stock. Schroder Inv accumulated 0.07% or 534,123 shares. Daiwa Sb Investments Ltd has 12,690 shares for 0.25% of their US portfolio. Teachers Insurance And Annuity Association Of America accumulated 1.17% or 385,580 shares. 1St Global Advsr accumulated 0.13% or 13,920 shares. Commerzbank Aktiengesellschaft Fi holds 0.01% or 17,583 shares in its portfolio. Blackstone Gp Inc Ltd Partnership holds 413,280 shares or 0.13% of its portfolio. Seizert Cap Prtn Llc holds 0.01% or 4,532 shares in its portfolio. Moreover, Natl Bank Of Montreal Can has 0.07% invested in Equity Residential (NYSE:EQR) for 837,607 shares.

Equity Residential is a real estate investment trust. The company has a market cap of $22.88 billion. The Firm is focused on the acquisition, development and management of apartment properties in various markets of the United States. It has a 5.63 P/E ratio. The Company’s divisions include Boston, New York, San Francisco, Seattle, Southern California, Washington D.C., Non-core – South Florida, Non-core – Denver, and Non-core – other.

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