Perigon Wealth Management LLC Increases Stock Position in Equity Residential (NYSE:EQR)

Perigon Wealth Management LLC raised its holdings in Equity Residential (NYSE:EQR) by 1.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 80,415 shares of the real estate investment trust’s stock after purchasing an additional 778 shares during the quarter. Perigon Wealth Management LLC’s holdings in Equity Residential were worth $5,649,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in EQR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Equity Residential by 806.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,259,145 shares of the real estate investment trust’s stock valued at $317,136,000 after purchasing an additional 3,789,234 shares in the last quarter. Los Angeles Capital Management LLC boosted its holdings in Equity Residential by 1,459.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 1,949,473 shares of the real estate investment trust’s stock valued at $145,158,000 after purchasing an additional 1,824,494 shares in the last quarter. FMR LLC boosted its holdings in Equity Residential by 29.0% in the 3rd quarter. FMR LLC now owns 7,746,494 shares of the real estate investment trust’s stock valued at $576,804,000 after purchasing an additional 1,741,840 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Equity Residential by 8.3% in the 3rd quarter. Principal Financial Group Inc. now owns 7,745,615 shares of the real estate investment trust’s stock valued at $576,737,000 after purchasing an additional 591,866 shares in the last quarter. Finally, Heitman Real Estate Securities LLC boosted its holdings in Equity Residential by 2,193.2% in the 3rd quarter. Heitman Real Estate Securities LLC now owns 416,647 shares of the real estate investment trust’s stock valued at $31,024,000 after purchasing an additional 398,478 shares in the last quarter. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Wall Street Analyst Weigh In

EQR has been the topic of a number of analyst reports. Royal Bank of Canada lowered their price objective on Equity Residential from $83.00 to $79.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Mizuho reduced their price target on shares of Equity Residential from $78.00 to $74.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Stifel Nicolaus upgraded shares of Equity Residential from a “hold” rating to a “buy” rating and lifted their price target for the company from $77.75 to $81.50 in a research report on Wednesday, November 13th. Barclays reduced their price target on shares of Equity Residential from $83.00 to $79.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Finally, StockNews.com upgraded shares of Equity Residential from a “sell” rating to a “hold” rating in a research report on Monday, January 13th. Eleven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Equity Residential currently has an average rating of “Hold” and a consensus target price of $78.36.

Equity Residential Stock Down 1.2 %

EQR stock opened at $69.31 on Wednesday. The stock has a market capitalization of $26.30 billion, a P/E ratio of 28.40, a PEG ratio of 5.36 and a beta of 0.93. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.13 and a current ratio of 0.13. Equity Residential has a one year low of $57.33 and a one year high of $78.83. The company has a 50 day moving average price of $71.91 and a two-hundred day moving average price of $72.67.

Equity Residential Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd were paid a $0.675 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $2.70 annualized dividend and a yield of 3.90%. Equity Residential’s payout ratio is currently 110.66%.

About Equity Residential

Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, is focused on the acquisition, development and management of residential properties located in and around dynamic cities that attract affluent long-term renters. Equity Residential owns or has investments in 305 properties consisting of 80,683 apartment units, with an established presence in Boston, New York, Washington, DC, Seattle, San Francisco and Southern California, and an expanding presence in Denver, Atlanta, Dallas/Ft.