Coldstream Capital Management Inc. Raises Position in Equity Residential (NYSE:EQR)

Coldstream Capital Management Inc. grew its stake in shares of Equity Residential (NYSE:EQR - Free Report) by 1,737.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 61,538 shares of the real estate investment trust's stock after buying an additional 58,188 shares during the quarter. Coldstream Capital Management Inc.'s holdings in Equity Residential were worth $4,582,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Tobam boosted its position in Equity Residential by 8.6% during the 3rd quarter. Tobam now owns 1,927 shares of the real estate investment trust's stock worth $143,000 after buying an additional 152 shares during the period. Checchi Capital Advisers LLC raised its stake in shares of Equity Residential by 4.5% during 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 acquiring an additional 153 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Equity Residential by 69.6% during 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. grew its stake in shares of 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 worth $56,000 after purchasing an additional 200 shares during the last quarter. Finally, Modera Wealth Management LLC increased its holdings in Equity Residential by 6.5% in 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. Institutional investors own 92.68% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Scotiabank cut their target price on Equity Residential from $81.00 to $78.00 and set a "sector perform" rating on the stock in a report on Thursday, November 14th. JPMorgan Chase & Co. upped their target price on Equity Residential from $68.00 to $80.00 and gave the company a "neutral" rating in a report on Monday, September 16th. The Goldman Sachs Group started coverage on shares of Equity Residential in a research report on Wednesday, September 4th. They set a "neutral" rating and a $81.00 target price for the company. Royal Bank of Canada dropped their price target 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. Finally, Evercore ISI increased their price objective on shares of Equity Residential from $75.00 to $76.00 and gave the stock an "in-line" rating in a research report on Monday, September 16th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $77.25.

Equity Residential Stock Down 0.2 %

NYSE:EQR traded down $0.12 on Wednesday, hitting $72.78. The stock had a trading volume of 1,309,823 shares, compared to its average volume of 1,816,456. The company has a market cap of $27.61 billion, a PE ratio of 29.83, a P/E/G ratio of 5.98 and a beta of 0.92. Equity Residential has a 52 week low of $57.33 and a 52 week high of $78.83. The business's fifty day moving average is $73.95 and its 200 day moving average is $71.82. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Tuesday, September 24th were paid a dividend of $0.675 per share. The ex-dividend date was Tuesday, September 24th. This represents a $2.70 dividend on an annualized basis and a yield of 3.71%. Equity Residential's dividend payout ratio (DPR) is presently 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.