Pensionfund DSM Netherlands decreased its stake in shares of Equity Residential (NYSE:EQR - Free Report) by 19.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 54,556 shares of the real estate investment trust's stock after selling 13,000 shares during the quarter. Equity Residential comprises approximately 2.4% of Pensionfund DSM Netherlands' investment portfolio, making the stock its 13th largest holding. Pensionfund DSM Netherlands' holdings in Equity Residential were worth $3,915,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. State Street Corp boosted its holdings in Equity Residential by 1.4% in 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 position in shares of Equity Residential by 1.4% during the third 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 in the last quarter. FMR LLC raised its holdings in shares of 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 worth $576,804,000 after acquiring an additional 1,741,840 shares during the last quarter. Principal Financial Group Inc. lifted its position in Equity Residential by 8.3% in 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 acquiring an additional 591,866 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake 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 purchasing an additional 60,000 shares during the last quarter. Institutional investors own 92.68% of the company's stock.
Equity Residential Stock Performance
Shares of EQR stock traded down $2.53 during trading on Monday, reaching $68.37. 1,654,689 shares of the company's stock traded hands, compared to its average volume of 1,311,763. The firm's 50-day moving average is $73.16 and its 200 day moving average is $72.59. The company has a market capitalization of $25.94 billion, a P/E ratio of 28.02, a PEG ratio of 5.90 and a beta of 0.93. Equity Residential has a 1 year low of $57.33 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.
Equity Residential Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd will be given a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend is Thursday, January 2nd. Equity Residential's dividend payout ratio (DPR) is presently 110.66%.
Wall Street Analyst Weigh In
EQR has been the topic of a number of recent research reports. StockNews.com lowered Equity Residential from a "hold" rating to a "sell" rating in a report on Wednesday, December 11th. Mizuho cut their price objective on shares of Equity Residential from $78.00 to $74.00 and set a "neutral" rating on the stock in a report on Monday. Royal Bank of Canada dropped their price target 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. Barclays initiated coverage on shares of Equity Residential in a research report on Tuesday, December 17th. They issued an "overweight" rating and a $83.00 price objective for the company. Finally, Scotiabank dropped their target price 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. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Equity Residential currently has a consensus rating of "Hold" and an average target price of $78.69.
Read Our Latest Stock Report on EQR
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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