National Bank of Canada FI Sells 102,184 Shares of Equity Residential (NYSE:EQR)

National Bank of Canada FI decreased its holdings in Equity Residential (NYSE:EQR - Free Report) by 17.2% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 492,590 shares of the real estate investment trust's stock after selling 102,184 shares during the period. National Bank of Canada FI owned approximately 0.13% of Equity Residential worth $36,678,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cetera Investment Advisers bought a new stake in Equity Residential in the first quarter valued at approximately $2,841,000. Canada Pension Plan Investment Board boosted its position in Equity Residential by 1.2% during the 2nd 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 buying an additional 60,000 shares during the period. Quest Partners LLC boosted its position in Equity Residential by 244,571.4% during the 2nd quarter. Quest Partners LLC now owns 17,127 shares of the real estate investment trust's stock valued at $1,188,000 after buying an additional 17,120 shares during the period. Public Sector Pension Investment Board increased its position in shares of Equity Residential by 18.7% in the second quarter. Public Sector Pension Investment Board now owns 47,997 shares of the real estate investment trust's stock valued at $3,328,000 after acquiring an additional 7,549 shares during the period. Finally, Benjamin Edwards Inc. purchased a new position in shares of Equity Residential in the third quarter valued at about $923,000. Institutional investors own 92.68% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on EQR shares. Stifel Nicolaus raised 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. Truist Financial boosted their target price on Equity Residential from $73.00 to $77.00 and gave the company a "buy" rating in a research note on Thursday, August 29th. Deutsche Bank Aktiengesellschaft raised Equity Residential from a "hold" rating to a "buy" rating and raised their price target for the stock from $62.00 to $83.00 in a research note on Tuesday, September 10th. Scotiabank reduced their price objective on shares of Equity Residential from $81.00 to $78.00 and set a "sector perform" rating on the stock in a research report on Thursday, November 14th. Finally, BNP Paribas began coverage on shares of Equity Residential in a research report on Wednesday, September 11th. They issued an "outperform" rating and a $83.00 target price for the company. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $77.25.

Equity Residential Stock Down 0.1 %

NYSE:EQR traded down $0.09 during trading hours on Monday, reaching $73.66. 1,302,899 shares of the company traded hands, compared to its average volume of 1,821,648. Equity Residential has a 1 year low of $57.33 and a 1 year high of $78.83. The stock has a market capitalization of $27.95 billion, a P/E ratio of 30.19, a P/E/G ratio of 5.98 and a beta of 0.92. The business's 50-day moving average price is $73.97 and its two-hundred day moving average price is $71.76. The company has a current ratio of 0.13, a quick 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. 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 3.67%. Equity Residential's dividend payout ratio is currently 110.66%.

Equity Residential Company 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.