Haverford Trust Co trimmed its position in Equity Residential (NYSE:EQR - Free Report) by 62.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,326 shares of the real estate investment trust's stock after selling 7,136 shares during the period. Haverford Trust Co's holdings in Equity Residential were worth $322,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Equity Residential by 1.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,267,675 shares of the real estate investment trust's stock valued at $1,279,095,000 after purchasing an additional 381,236 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Equity Residential by 8.3% in the third 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 acquiring an additional 591,866 shares during the period. Canada Pension Plan Investment Board lifted its holdings in Equity Residential by 1.2% in the second quarter. Canada Pension Plan Investment Board now owns 5,001,360 shares of the real estate investment trust's stock valued at $346,794,000 after acquiring an additional 60,000 shares during the period. Boston Partners lifted its holdings in Equity Residential by 4.3% in the first quarter. Boston Partners now owns 2,715,151 shares of the real estate investment trust's stock valued at $171,368,000 after acquiring an additional 112,270 shares during the period. Finally, American Century Companies Inc. lifted its holdings in Equity Residential by 20.7% in the second quarter. American Century Companies Inc. now owns 2,180,190 shares of the real estate investment trust's stock valued at $151,174,000 after acquiring an additional 373,229 shares during the period. 92.68% of the stock is owned by hedge funds and other institutional investors.
Equity Residential Trading Up 0.6 %
Equity Residential stock traded up $0.41 during trading on Friday, hitting $73.48. The company had a trading volume of 551,542 shares, compared to its average volume of 1,846,044. Equity Residential has a 1-year low of $54.53 and a 1-year 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 simple moving average is $74.34 and its 200-day simple moving average is $70.65. The stock has a market cap of $27.88 billion, a price-to-earnings ratio of 29.99, a price-to-earnings-growth ratio of 6.07 and a beta of 0.90.
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 given a $0.675 dividend. The ex-dividend date was Tuesday, September 24th. This represents a $2.70 annualized dividend and a yield of 3.67%. Equity Residential's dividend payout ratio is presently 110.66%.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on EQR shares. BNP Paribas started coverage on Equity Residential in a report on Wednesday, September 11th. They issued an "outperform" rating and a $83.00 target price on the stock. Scotiabank reduced their price target on Equity Residential from $81.00 to $78.00 and set a "sector perform" rating for the company in a research report on Thursday. JPMorgan Chase & Co. upped their price target on Equity Residential from $68.00 to $80.00 and gave the stock a "neutral" rating in a research report on Monday, September 16th. Piper Sandler upped their price target on Equity Residential from $80.00 to $85.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft upgraded Equity Residential from a "hold" rating to a "buy" rating and upped their price target for the stock from $62.00 to $83.00 in a research report on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $77.25.
Read Our Latest Stock Report on Equity Residential
About Equity Residential
(
Free Report)
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.
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