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Equity Residential (NYSE:EQR) Shares Purchased by Tidal Investments LLC

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Tidal Investments LLC raised its position in shares of Equity Residential (NYSE:EQR - Free Report) by 12.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 129,258 shares of the real estate investment trust's stock after buying an additional 14,109 shares during the period. Tidal Investments LLC's holdings in Equity Residential were worth $9,625,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of EQR. Maryland Capital Advisors Inc. acquired a new position in Equity Residential during the 3rd quarter worth about $25,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Equity Residential during the third quarter worth about $29,000. Assetmark Inc. lifted its position in shares of Equity Residential by 2,529.4% during the third quarter. Assetmark Inc. now owns 447 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 430 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of Equity Residential in the third quarter valued at approximately $33,000. Finally, UMB Bank n.a. grew its holdings in shares of Equity Residential by 69.6% in the third quarter. UMB Bank n.a. now owns 475 shares of the real estate investment trust's stock valued at $35,000 after purchasing an additional 195 shares in the last quarter. 92.68% of the stock is currently owned by hedge funds and other institutional investors.

Equity Residential Stock Performance

NYSE EQR traded down $0.70 during trading hours on Friday, hitting $73.09. The company had a trading volume of 471,402 shares, compared to its average volume of 1,809,324. The business has a 50 day moving average of $73.94 and a 200-day moving average of $71.84. The company has a market cap of $27.73 billion, a PE ratio of 30.24, a price-to-earnings-growth ratio of 5.90 and a beta of 0.92. Equity Residential has a 1-year low of $57.33 and a 1-year high of $78.83. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.13 and a current ratio of 0.13.

Equity Residential Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, January 2nd will be given a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 3.69%. Equity Residential's dividend payout ratio (DPR) is presently 110.66%.

Analyst Upgrades and Downgrades

EQR has been the topic of a number of research reports. Truist Financial increased their target price on shares of Equity Residential from $73.00 to $77.00 and gave the stock a "buy" rating in a report on Thursday, August 29th. Royal Bank of Canada decreased their target price on Equity Residential from $83.00 to $79.00 and set an "outperform" rating for the company in a report on Friday, November 1st. 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 report on Tuesday, September 10th. StockNews.com cut Equity Residential from a "hold" rating to a "sell" rating in a research note on Wednesday. Finally, 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 target price on the stock. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $77.25.

Check Out Our Latest Analysis on Equity Residential

Equity Residential Company Profile

(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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Institutional Ownership by Quarter for Equity Residential (NYSE:EQR)

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