As Equity Residential (EQR) Valuation Rose, Holder Glovista Investments Has Cut Holding; As Kinder Morgan Del (KMI) Market Value Declined, Holder Camden Asset Management LP Lifted Position

October 12, 2017 - By Richard Conner

Camden Asset Management LP increased its stake in Kinder Morgan Inc Del (KMI) by 7.42% based on its latest 2017Q2 regulatory filing with the SEC. Camden Asset Management LP bought 85,600 shares as the company’s stock declined 10.34% while stock markets rallied. The hedge fund held 1.24 million shares of the public utilities company at the end of 2017Q2, valued at $23.75M, up from 1.15M at the end of the previous reported quarter. Camden Asset Management LP who had been investing in Kinder Morgan Inc Del for a number of months, seems to be bullish on the $42.31B market cap company. The stock declined 0.81% or $0.15 reaching $18.9 on the news. About 1.48M shares traded. Kinder Morgan Inc (NYSE:KMI) has risen 13.09% since October 12, 2016 and is uptrending. It has underperformed by 3.61% the S&P500.

Glovista Investments Llc decreased its stake in Equity Residential (EQR) by 52.72% based on its latest 2017Q2 regulatory filing with the SEC. Glovista Investments Llc sold 4,850 shares as the company’s stock rose 6.45% with the market. The institutional investor held 4,350 shares of the real estate investment trusts company at the end of 2017Q2, valued at $286,000, down from 9,200 at the end of the previous reported quarter. Glovista Investments Llc who had been investing in Equity Residential for a number of months, seems to be less bullish one the $24.60 billion market cap company. The stock rose 0.65% or $0.43 reaching $66.9. About 168,838 shares traded. Equity Residential (NYSE:EQR) has risen 2.77% since October 12, 2016 and is uptrending. It has underperformed by 13.93% the S&P500.




Glovista Investments Llc, which manages about $940.85M and $455.85M US Long portfolio, upped its stake in Ishares Tr (EFV) by 352,415 shares to 548,342 shares, valued at $28.22M in 2017Q2, according to the filing. It also increased its holding in Vanguard Scottsdale Fds (VCIT) by 7,886 shares in the quarter, for a total of 56,044 shares, and has risen its stake in Ishares Tr (AGG).

More notable recent Equity Residential (NYSE:EQR) news were published by: Bizjournals.com which released: “Biggest deal of the year: New Bellevue apartment complex goes for $177M” on October 02, 2017, also Prnewswire.com with their article: “Today’s Research Report Coverage on REIT Stocks — Equity Residential, New …” published on October 10, 2017, Businesswire.com published: “Equity Residential Announces Third Quarter 2017 Earnings Release Date” on October 05, 2017. More interesting news about Equity Residential (NYSE:EQR) were released by: Seekingalpha.com and their article: “Equity Residential: Too Bond-Like Right Now” published on October 01, 2017 as well as Nasdaq.com‘s news article titled: “Equity Residential (EQR) Shares Cross 3% Yield Mark” with publication date: September 12, 2017.

Since April 27, 2017, it had 0 buys, and 4 sales for $2.98 million activity. Santee David S sold 14,028 shares worth $943,593. Shares for $113,341 were sold by STROHM BRUCE C. GEORGE ALAN W sold $1.86 million worth of Equity Residential (NYSE:EQR) on Friday, June 2.

Among 24 analysts covering Equity Residential (NYSE:EQR), 4 have Buy rating, 1 Sell and 19 Hold. Therefore 17% are positive. Equity Residential had 62 analyst reports since July 21, 2015 according to SRatingsIntel. BTIG Research initiated the stock with “Neutral” rating in Thursday, August 25 report. The stock of Equity Residential (NYSE:EQR) has “Hold” rating given on Thursday, August 31 by Robert W. Baird. On Wednesday, May 18 the stock rating was upgraded by Janney Capital to “Buy”. The company was maintained on Monday, July 18 by Deutsche Bank. Argus Research maintained it with “Buy” rating and $75 target in Friday, April 28 report. The stock has “Hold” rating by Deutsche Bank on Friday, August 18. The rating was maintained by SunTrust with “Buy” on Thursday, August 4. The stock of Equity Residential (NYSE:EQR) has “Market Outperform” rating given on Tuesday, September 15 by JMP Securities. Robert W. Baird maintained the stock with “Hold” rating in Tuesday, October 3 report. The stock of Equity Residential (NYSE:EQR) earned “Hold” rating by BMO Capital Markets on Monday, July 3.

Analysts await Equity Residential (NYSE:EQR) to report earnings on October, 24 after the close. They expect $0.79 EPS, up 1.28% or $0.01 from last year’s $0.78 per share. EQR’s profit will be $290.49 million for 21.17 P/E if the $0.79 EPS becomes a reality. After $0.77 actual EPS reported by Equity Residential for the previous quarter, Wall Street now forecasts 2.60% EPS growth.

Investors sentiment increased to 1.06 in Q2 2017. Its up 0.15, from 0.91 in 2017Q1. It increased, as 31 investors sold EQR shares while 157 reduced holdings. 54 funds opened positions while 146 raised stakes. 329.35 million shares or 1.28% less from 333.61 million shares in 2017Q1 were reported. Parametrica Mgmt has invested 0.36% of its portfolio in Equity Residential (NYSE:EQR). Intact Inv Management holds 4,000 shares. Hightower Advsr Limited Co has 0.05% invested in Equity Residential (NYSE:EQR). Eii Cap Mngmt Inc invested in 193,600 shares or 4.3% of the stock. Thrivent Fin For Lutherans invested in 180,388 shares or 0.05% of the stock. Advantus Capital Mngmt Incorporated reported 0.84% of its portfolio in Equity Residential (NYSE:EQR). Landscape Capital Mgmt Ltd Liability Corp accumulated 35,100 shares. Schroder Investment Mngmt has 0% invested in Equity Residential (NYSE:EQR). Balyasny Asset Limited Liability has 676,352 shares. Moreover, Raymond James And Assocs has 0.01% invested in Equity Residential (NYSE:EQR). Fil Limited stated it has 0.06% of its portfolio in Equity Residential (NYSE:EQR). Moreover, Stanley has 0.57% invested in Equity Residential (NYSE:EQR) for 31,998 shares. Lazard Asset Mngmt Ltd Com has 289 shares for 0% of their portfolio. Baystate Wealth Mgmt Ltd Com owns 40 shares for 0% of their portfolio. State Of New Jersey Common Pension Fund D reported 114,950 shares.

Investors sentiment decreased to 0.9 in 2017 Q2. Its down 0.10, from 1 in 2017Q1. It turned negative, as 70 investors sold KMI shares while 349 reduced holdings. 75 funds opened positions while 303 raised stakes. 1.27 billion shares or 2.36% more from 1.24 billion shares in 2017Q1 were reported. Highstar Ltd Partnership, New York-based fund reported 666,439 shares. 673,316 were accumulated by Raymond James Service Advisors Inc. Invsts Asset Of Georgia Incorporated Ga Adv, a Georgia-based fund reported 10,570 shares. Advisory Network Limited Company has 43,167 shares. Voloridge Inv Mngmt Lc stated it has 0.74% of its portfolio in Kinder Morgan Inc (NYSE:KMI). Winfield Associate Incorporated owns 0.01% invested in Kinder Morgan Inc (NYSE:KMI) for 1,059 shares. Ci Invests holds 2.05 million shares. Gotham Asset Ltd Liability holds 272,659 shares or 0.07% of its portfolio. Boys Arnold And Company accumulated 25,124 shares or 0.06% of the stock. Glenmede Tru Na owns 1.25M shares for 0.13% of their portfolio. Mackenzie has invested 0.08% in Kinder Morgan Inc (NYSE:KMI). Keybank Association Oh reported 432,248 shares stake. Moreover, Aviva Plc has 0.13% invested in Kinder Morgan Inc (NYSE:KMI) for 1.21M shares. Shanda Asset Mngmt owns 208,567 shares. Texas-based Westwood Hldgs Grp Incorporated has invested 0.08% in Kinder Morgan Inc (NYSE:KMI).

Camden Asset Management L P, which manages about $4.65 billion and $3.26B US Long portfolio, decreased its stake in Molina Healthcare Inc (Prn) by 3.50 million shares to 51.50M shares, valued at $90.06M in 2017Q2, according to the filing. It also reduced its holding in Wells Fargo Co New by 6,516 shares in the quarter, leaving it with 97,920 shares, and cut its stake in Black Hills Corp.

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