BNP PARIBAS ASSET MANAGEMENT Holding S.A. Lowers Stock Holdings in Equity Residential (NYSE:EQR)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lessened its holdings in shares of Equity Residential (NYSE:EQR - Free Report) by 66.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 108,424 shares of the real estate investment trust's stock after selling 210,545 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s holdings in Equity Residential were worth $8,073,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of EQR. Maryland Capital Advisors Inc. purchased a new position in shares of Equity Residential during the 3rd quarter worth $25,000. Assetmark Inc. raised its position in shares of Equity Residential by 2,529.4% during the 3rd quarter. Assetmark Inc. now owns 447 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 430 shares during the period. UMB Bank n.a. raised its position in shares of Equity Residential by 69.6% during the 3rd quarter. UMB Bank n.a. now owns 475 shares of the real estate investment trust's stock valued at $35,000 after purchasing an additional 195 shares during the period. Massmutual Trust Co. FSB ADV raised its position in shares of Equity Residential by 41.9% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 525 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 155 shares during the period. Finally, HHM Wealth Advisors LLC raised its position in shares of Equity Residential by 146.6% during the 2nd quarter. HHM Wealth Advisors LLC now owns 550 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 327 shares during the period. Hedge funds and other institutional investors own 92.68% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Royal Bank of Canada decreased their price objective on shares of Equity Residential from $83.00 to $79.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. Scotiabank decreased their price objective on shares of Equity Residential from $81.00 to $78.00 and set a "sector perform" rating on the stock in a research report on Thursday, November 14th. Evercore ISI raised their price objective on shares of Equity Residential from $75.00 to $76.00 and gave the company an "in-line" rating in a research report on Monday, September 16th. Truist Financial raised their price objective on shares of Equity Residential from $73.00 to $77.00 and gave the company a "buy" rating in a research report on Thursday, August 29th. Finally, Piper Sandler lifted their price target on shares of Equity Residential from $80.00 to $85.00 and gave the company an "overweight" rating in a report on Wednesday, July 31st. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $77.25.

Equity Residential Trading Up 0.8 %

Shares of EQR stock traded up $0.62 during trading hours on Monday, reaching $76.41. 2,317,016 shares of the stock were exchanged, compared to its average volume of 1,841,932. Equity Residential has a 12-month low of $56.05 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 company's 50-day moving average price is $74.09 and its 200-day moving average price is $71.17. The firm has a market capitalization of $28.99 billion, a price-to-earnings ratio of 31.32, a price-to-earnings-growth ratio of 6.15 and a beta of 0.90.

Equity Residential Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Tuesday, September 24th were paid a dividend of $0.675 per share. 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 3.53%. Equity Residential's dividend payout ratio 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.