Edgestream Partners L.P. Has $2.66 Million Holdings in Equity Residential (NYSE:EQR)

Edgestream Partners L.P. lifted its position in Equity Residential (NYSE:EQR - Free Report) by 27.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,781 shares of the real estate investment trust's stock after buying an additional 7,793 shares during the period. Edgestream Partners L.P.'s holdings in Equity Residential were worth $2,664,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Maryland Capital Advisors Inc. bought a new stake in Equity Residential in the third quarter worth about $25,000. Brooklyn Investment Group acquired a new position in shares of Equity Residential in the 3rd quarter worth approximately $33,000. Assetmark Inc. grew its stake in shares of Equity Residential by 2,529.4% in the 3rd quarter. Assetmark Inc. now owns 447 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 430 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Equity Residential by 69.6% in the 3rd 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 in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its stake in Equity Residential by 41.9% during the second 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 last quarter. Institutional investors and hedge funds own 92.68% of the company's stock.

Equity Residential Stock Performance

Shares of Equity Residential stock traded down $1.22 during trading on Tuesday, reaching $74.02. The company's stock had a trading volume of 1,479,000 shares, compared to its average volume of 1,832,255. The business's fifty day moving average price is $74.03 and its 200-day moving average price is $71.56. Equity Residential has a one year low of $57.33 and a one year high of $78.83. The firm has a market cap of $28.09 billion, a price-to-earnings ratio of 30.34, a price-to-earnings-growth ratio of 6.10 and a beta of 0.92. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.13 and a current ratio of 0.13.

Equity Residential Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Tuesday, September 24th were issued a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend was Tuesday, September 24th. Equity Residential's dividend payout ratio (DPR) is presently 110.66%.

Analysts Set New Price Targets

EQR has been the topic of several research reports. Bank of America cut Equity Residential from a "buy" rating to a "neutral" rating and upped their price target for the company from $78.00 to $82.00 in a report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft upgraded shares of Equity Residential from a "hold" rating to a "buy" rating and increased their target price for the stock from $62.00 to $83.00 in a research report on Tuesday, September 10th. Wedbush boosted their price target on shares of Equity Residential from $68.00 to $75.00 and gave the company a "neutral" rating in a report on Monday, August 5th. Scotiabank reduced their price objective on Equity Residential from $81.00 to $78.00 and set a "sector perform" rating for the company in a research report on Thursday, November 14th. Finally, Evercore ISI raised their price target 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. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target 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.