Insigneo Advisory Services LLC Purchases Shares of 3,025 Equity Residential (NYSE:EQR)

Insigneo Advisory Services LLC acquired a new position in Equity Residential (NYSE:EQR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,025 shares of the real estate investment trust’s stock, valued at approximately $225,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Tobam lifted its holdings in Equity Residential by 8.6% in the third quarter. Tobam now owns 1,927 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 152 shares during the period. Checchi Capital Advisers LLC lifted its stake in Equity Residential by 4.5% in the second quarter. Checchi Capital Advisers LLC now owns 3,522 shares of the real estate investment trust’s stock valued at $244,000 after buying an additional 153 shares during the period. UMB Bank n.a. grew its holdings in Equity Residential by 69.6% in the third quarter. UMB Bank n.a. now owns 475 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 195 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Equity Residential by 32.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 811 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 200 shares in the last quarter. Finally, Modera Wealth Management LLC raised its holdings in shares of Equity Residential by 6.5% during the third quarter. Modera Wealth Management LLC now owns 3,278 shares of the real estate investment trust’s stock valued at $244,000 after purchasing an additional 200 shares during the period. 92.68% of the stock is currently owned by institutional investors and hedge funds.

Equity Residential Stock Performance

NYSE EQR opened at $73.66 on Tuesday. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.76. Equity Residential has a twelve month low of $57.33 and a twelve month high of $78.83. The business has a 50-day moving average price of $73.97 and a 200-day moving average price of $71.76. The firm has a market cap of $27.95 billion, a price-to-earnings ratio of 30.19, a price-to-earnings-growth ratio of 5.98 and a beta of 0.92.

Equity Residential Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Tuesday, September 24th were given a $0.675 dividend. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 3.67%. Equity Residential’s dividend payout ratio is currently 110.66%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft raised Equity Residential from a “hold” rating to a “buy” rating and raised their price objective for the company from $62.00 to $83.00 in a research note on Tuesday, September 10th. Royal Bank of Canada decreased their price target on shares of Equity Residential from $83.00 to $79.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Stifel Nicolaus raised shares of Equity Residential from a “hold” rating to a “buy” rating and raised their price objective for the company from $77.75 to $81.50 in a research note on Wednesday, November 13th. Truist Financial boosted their target price on shares of Equity Residential from $73.00 to $77.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Finally, Bank of America cut shares of Equity Residential from a “buy” rating to a “neutral” rating and raised their price target for the company from $78.00 to $82.00 in a research report on Tuesday, September 24th. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Equity Residential has a consensus rating of “Hold” and an average target price of $77.25.

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.