Czech National Bank Has $5.31 Million Position in Equity Residential (NYSE:EQR)

Czech National Bank lifted its holdings in shares of Equity Residential (NYSE:EQR - Free Report) by 6.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,027 shares of the real estate investment trust's stock after buying an additional 4,526 shares during the period. Czech National Bank's holdings in Equity Residential were worth $5,312,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. State Street Corp raised its position in Equity Residential by 1.4% during the third quarter. State Street Corp now owns 23,922,127 shares of the real estate investment trust's stock worth $1,796,976,000 after acquiring an additional 321,002 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Equity Residential by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 9,353,944 shares of the real estate investment trust's stock worth $694,441,000 after acquiring an additional 132,638 shares during the last quarter. FMR LLC raised its stake in Equity Residential by 29.0% in the 3rd quarter. FMR LLC now owns 7,746,494 shares of the real estate investment trust's stock valued at $576,804,000 after acquiring an additional 1,741,840 shares during the period. Principal Financial Group Inc. lifted its holdings in Equity Residential by 8.3% during the 3rd quarter. Principal Financial Group Inc. now owns 7,745,615 shares of the real estate investment trust's stock valued at $576,737,000 after purchasing an additional 591,866 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in Equity Residential by 1.2% during the second quarter. Canada Pension Plan Investment Board now owns 5,001,360 shares of the real estate investment trust's stock worth $346,794,000 after purchasing an additional 60,000 shares during the period. Institutional investors own 92.68% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on EQR shares. Stifel Nicolaus upgraded shares of 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 note on Wednesday, November 13th. Scotiabank cut their price objective on shares of 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. Bank of America downgraded Equity Residential from a "buy" rating to a "neutral" rating and upped their target price for the company from $78.00 to $82.00 in a research report on Tuesday, September 24th. Barclays assumed coverage on shares of Equity Residential in a research note on Tuesday, December 17th. They issued an "overweight" rating and a $83.00 price objective for the company. Finally, Royal Bank of Canada decreased their target price 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. Eleven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $78.69.

Equity Residential Price Performance

Shares of EQR stock traded up $0.82 on Thursday, reaching $70.28. The company had a trading volume of 1,331,313 shares, compared to its average volume of 1,657,711. The stock has a market capitalization of $26.67 billion, a PE ratio of 28.80, a price-to-earnings-growth ratio of 5.25 and a beta of 0.93. 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 has a one year low of $57.33 and a one year high of $78.83. The business's 50-day moving average is $72.56 and its 200 day moving average is $72.55.

Equity Residential Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd will be issued a $0.675 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $2.70 dividend on an annualized basis and a dividend yield of 3.84%. Equity Residential's dividend payout ratio (DPR) is currently 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.