Barclays PLC Has $57.84 Million Stock Holdings in Equity Residential (NYSE:EQR)

Barclays PLC decreased its stake in shares of Equity Residential (NYSE:EQR - Free Report) by 6.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 776,815 shares of the real estate investment trust's stock after selling 56,550 shares during the period. Barclays PLC owned approximately 0.20% of Equity Residential worth $57,843,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in EQR. Continuum Advisory LLC bought a new position in shares of Equity Residential during the 3rd quarter worth approximately $40,000. Nomura Asset Management Co. Ltd. boosted its holdings in Equity Residential by 0.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 530,327 shares of the real estate investment trust's stock worth $39,488,000 after purchasing an additional 3,994 shares during the last quarter. XTX Topco Ltd bought a new position in Equity Residential in the third quarter valued at $1,560,000. Zimmer Partners LP acquired a new stake in Equity Residential in the 3rd quarter valued at $2,144,000. Finally, Insigneo Advisory Services LLC bought a new stake in Equity Residential during the 3rd quarter worth about $225,000. 92.68% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EQR. Deutsche Bank Aktiengesellschaft raised Equity Residential from a "hold" rating to a "buy" rating and lifted their target price for the company from $62.00 to $83.00 in a research report on Tuesday, September 10th. Evercore ISI upped their price objective on Equity Residential from $75.00 to $76.00 and gave the stock an "in-line" rating in a research note on Monday, September 16th. Wells Fargo & Company downgraded Equity Residential from an "overweight" rating to an "equal weight" rating and increased their price objective for the company from $69.00 to $77.00 in a report on Monday, August 26th. BNP Paribas initiated coverage on shares of Equity Residential in a report on Wednesday, September 11th. They set an "outperform" rating and a $83.00 target price on the stock. Finally, Scotiabank cut their price target on shares of Equity Residential from $81.00 to $78.00 and set a "sector perform" rating for the company in a research note on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Equity Residential presently has an average rating of "Hold" and a consensus price target of $77.25.

Equity Residential Stock Performance

EQR traded down $0.51 during trading on Friday, hitting $73.28. The stock had a trading volume of 1,029,769 shares, compared to its average volume of 1,811,793. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.13 and a quick ratio of 0.13. The firm has a market cap of $27.80 billion, a price-to-earnings ratio of 30.24, a P/E/G ratio of 5.90 and a beta of 0.92. The company has a 50 day moving average price of $73.94 and a 200-day moving average price of $71.84. Equity Residential has a one year low of $57.33 and a one year high of $78.83.

Equity Residential Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, January 2nd will be paid a $0.675 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $2.70 annualized dividend and a dividend yield of 3.68%. Equity Residential's dividend payout ratio (DPR) is presently 110.66%.

Equity Residential 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.