Los Angeles Capital Management LLC Increases Stock Holdings in Equity Residential (NYSE:EQR)

Los Angeles Capital Management LLC lifted its position in Equity Residential (NYSE:EQR - Free Report) by 1,459.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,949,473 shares of the real estate investment trust's stock after buying an additional 1,824,494 shares during the period. Los Angeles Capital Management LLC owned approximately 0.51% of Equity Residential worth $145,158,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of EQR. Mesirow Financial Investment Management Inc. grew its position in Equity Residential by 18.2% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 6,487 shares of the real estate investment trust's stock worth $483,000 after purchasing an additional 997 shares during the last quarter. Atria Investments Inc grew its position in Equity Residential by 28.8% during the 3rd quarter. Atria Investments Inc now owns 28,056 shares of the real estate investment trust's stock worth $2,089,000 after purchasing an additional 6,280 shares during the last quarter. Carmel Capital Partners LLC grew its position in Equity Residential by 3.3% during the 3rd quarter. Carmel Capital Partners LLC now owns 6,329 shares of the real estate investment trust's stock worth $471,000 after purchasing an additional 205 shares during the last quarter. Assetmark Inc. lifted its stake in 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 acquiring an additional 430 shares during the period. Finally, Seven Post Investment Office LP lifted its stake in Equity Residential by 1.0% during the 3rd quarter. Seven Post Investment Office LP now owns 311,861 shares of the real estate investment trust's stock valued at $23,221,000 after acquiring an additional 2,953 shares during the period. Hedge funds and other institutional investors own 92.68% of the company's stock.

Equity Residential Price Performance

Shares of Equity Residential stock traded up $1.74 during trading hours on Friday, reaching $73.53. 1,366,176 shares of the company's stock were exchanged, compared to its average volume of 1,536,384. Equity Residential has a 1 year low of $53.48 and a 1 year high of $78.83. The company has a market capitalization of $27.90 billion, a P/E ratio of 30.14, a price-to-earnings-growth ratio of 5.96 and a beta of 0.90. The business has a fifty day moving average of $74.48 and a two-hundred day moving average of $70.45. The company has a quick ratio of 0.21, a current ratio of 0.13 and a debt-to-equity ratio of 0.76.

Equity Residential Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Tuesday, September 24th were issued a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend was Tuesday, September 24th. Equity Residential's dividend payout ratio is currently 110.66%.

Analyst Upgrades and Downgrades

Several brokerages have commented on EQR. The Goldman Sachs Group began coverage on shares of Equity Residential in a research note on Wednesday, September 4th. They set a "neutral" rating and a $81.00 price objective for the company. Scotiabank boosted their target price on shares of Equity Residential from $77.00 to $81.00 and gave the company a "sector perform" rating in a research note on Monday, September 16th. UBS Group boosted their target price on shares of Equity Residential from $75.00 to $82.00 and gave the company a "buy" rating in a research note on Thursday, July 18th. Deutsche Bank Aktiengesellschaft upgraded shares of Equity Residential from a "hold" rating to a "buy" rating and boosted their target price for the company from $62.00 to $83.00 in a research note on Tuesday, September 10th. Finally, Wedbush boosted their target price on shares of Equity Residential from $68.00 to $75.00 and gave the company a "neutral" rating in a research note on Monday, August 5th. Twelve investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $76.19.

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.