Presima Has Trimmed Equity Residential (EQR) Stake By $4.98 Million; Investors Bancorp (ISBC) Sentiment Is 1.09

December 7, 2017 - By Vivian Park

Investors Bancorp, Inc. operates as the holding firm for Investors Bank that provides various banking services and products to individuals and businesses in the United States. The company has market cap of $4.34 billion. It offers deposit products, such as savings, checking, and money market accounts, as well as certificates of deposit. It has a 22.47 P/E ratio. The companyÂ’s loan portfolio includes multi-family, commercial real estate, commercial and industrial, and construction loans; consumer and other loans primarily consisting of home equity loans and home equity lines of credit; and one-to four-family residential mortgage loans secured by one-to four-family residential real estate.

Presima Inc decreased Equity Residential (EQR) stake by 71.26% reported in 2017Q2 SEC filing. Presima Inc sold 76,600 shares as Equity Residential (EQR)’s stock rose 6.45%. The Presima Inc holds 30,900 shares with $2.03M value, down from 107,500 last quarter. Equity Residential now has $24.83B valuation. The stock decreased 0.43% or $0.28 during the last trading session, reaching $65.12. About 90,268 shares traded. Equity Residential (NYSE:EQR) has risen 2.77% since December 7, 2016 and is uptrending. It has underperformed by 13.93% the S&P500.

Blue Harbour Group L.P. holds 15.23% of its portfolio in Investors Bancorp, Inc. for 29.58 million shares. Fj Capital Management Llc owns 5.70 million shares or 9.62% of their US portfolio. Moreover, Fuller & Thaler Asset Management Inc. has 3.76% invested in the company for 21.48 million shares. The Texas-based Clover Partners L.P. has invested 3.57% in the stock. Empyrean Capital Partners Lp, a California-based fund reported 4.00 million shares.

Analysts await Investors Bancorp, Inc. (NASDAQ:ISBC) to report earnings on January, 25. They expect $0.15 earnings per share, down 16.67% or $0.03 from last year’s $0.18 per share. ISBC’s profit will be $45.92M for 23.63 P/E if the $0.15 EPS becomes a reality. After $0.16 actual earnings per share reported by Investors Bancorp, Inc. for the previous quarter, Wall Street now forecasts -6.25% negative EPS growth.

The stock increased 0.14% or $0.02 during the last trading session, reaching $14.18. About 172,914 shares traded. Investors Bancorp, Inc. (ISBC) has risen 13.02% since December 7, 2016 and is uptrending. It has underperformed by 3.68% the S&P500.

Analysts await Equity Residential (NYSE:EQR) to report earnings on January, 30. They expect $0.81 earnings per share, up 2.53% or $0.02 from last year’s $0.79 per share. EQR’s profit will be $308.85 million for 20.10 P/E if the $0.81 EPS becomes a reality. After $0.80 actual earnings per share reported by Equity Residential for the previous quarter, Wall Street now forecasts 1.25% EPS growth.

Among 24 analysts covering Equity Residential (NYSE:EQR), 5 have Buy rating, 1 Sell and 18 Hold. Therefore 21% are positive. Equity Residential had 69 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Equity Residential (NYSE:EQR) has “Equal-Weight” rating given on Tuesday, August 1 by Barclays Capital. The firm earned “Hold” rating on Monday, September 4 by BMO Capital Markets. On Tuesday, January 12 the stock rating was upgraded by Jefferies to “Buy”. Mizuho upgraded the shares of EQR in report on Monday, November 6 to “Buy” rating. The firm has “Neutral” rating given on Monday, October 31 by Mizuho. The firm has “Buy” rating given on Tuesday, September 8 by Evercore. The firm has “Market Perform” rating given on Tuesday, January 19 by JMP Securities. The company was maintained on Wednesday, August 10 by Deutsche Bank. The firm has “Hold” rating by Jefferies given on Friday, September 8. The company was maintained on Monday, November 27 by BMO Capital Markets.

Presima Inc increased Apartment Invt & Mgmt Co (NYSE:AIV) stake by 480,900 shares to 1.38M valued at $59.27M in 2017Q2. It also upped Ryman Hospitality Pptys Inc (NYSE:RHP) stake by 27,800 shares and now owns 387,200 shares. Paramount Group Inc was raised too.

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By1 Vivian Park




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