Robeco Institutional Asset Management B.V. lowered its position in Equity Residential (NYSE:EQR – Free Report) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 615,800 shares of the real estate investment trust’s stock after selling 4,160 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Equity Residential were worth $44,190,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Maryland Capital Advisors Inc. purchased a new stake in Equity Residential in the 3rd quarter valued at about $25,000. Wilmington Savings Fund Society FSB bought a new position in shares of Equity Residential in the third quarter valued at approximately $29,000. Assetmark Inc. increased its position in shares of Equity Residential by 2,529.4% during the third quarter. Assetmark Inc. now owns 447 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 430 shares during the last quarter. Brooklyn Investment Group bought a new stake in Equity Residential during the third quarter worth $33,000. Finally, UMB Bank n.a. boosted its position 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 last quarter. 92.68% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
EQR has been the topic of a number of recent analyst reports. StockNews.com upgraded Equity Residential from a “sell” rating to a “hold” rating in a research note on Monday, January 13th. Barclays dropped their target price on shares of Equity Residential from $83.00 to $79.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. 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. Scotiabank lowered their price target on shares of Equity Residential from $81.00 to $78.00 and set a “sector perform” rating on the stock in a report on Thursday, November 14th. Finally, Stifel Nicolaus raised Equity Residential from a “hold” rating to a “buy” rating and raised their target price for the stock from $77.75 to $81.50 in a research report on Wednesday, November 13th. Eleven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $78.36.
Equity Residential Price Performance
EQR stock opened at $68.61 on Thursday. Equity Residential has a 12 month low of $57.33 and a 12 month high of $78.83. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $26.03 billion, a P/E ratio of 28.12, a price-to-earnings-growth ratio of 5.36 and a beta of 0.93. The firm has a 50 day moving average of $71.81 and a 200-day moving average of $72.69.
Equity Residential Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd were issued a $0.675 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $2.70 annualized dividend and a dividend yield of 3.94%. Equity Residential’s payout ratio is currently 110.66%.
Equity Residential Company Profile
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.
Recommended Stories
- Five stocks we like better than Equity Residential
- The Risks of Owning Bonds
- Coinbase Gains Momentum on App Store—What It Means for the Stock
- What is the NASDAQ Stock Exchange?
- How to Short Sell Stocks Like a Pro: Strategies and Tips
- What Are Treasury Bonds?
- 3 Steel Stocks Soaring After Tariff Announcements
Want to see what other hedge funds are holding EQR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equity Residential (NYSE:EQR – Free Report).
Receive News & Ratings for Equity Residential Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity Residential and related companies with MarketBeat.com's FREE daily email newsletter.