Versor Investments LP Boosts Stock Position in Equity Residential (NYSE:EQR)

Versor Investments LP raised its holdings in shares of Equity Residential (NYSE:EQR - Free Report) by 366.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,212 shares of the real estate investment trust's stock after buying an additional 19,806 shares during the period. Versor Investments LP's holdings in Equity Residential were worth $1,877,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its stake in Equity Residential by 1.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,267,675 shares of the real estate investment trust's stock worth $1,279,095,000 after purchasing an additional 381,236 shares during the period. Principal Financial Group Inc. lifted its holdings in Equity Residential by 8.3% during 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 buying an additional 591,866 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in Equity Residential by 1.2% in 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. Boston Partners grew its stake in Equity Residential by 4.3% in the 1st quarter. Boston Partners now owns 2,715,151 shares of the real estate investment trust's stock worth $171,368,000 after acquiring an additional 112,270 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Equity Residential by 20.7% during the second quarter. American Century Companies Inc. now owns 2,180,190 shares of the real estate investment trust's stock worth $151,174,000 after acquiring an additional 373,229 shares during the period. Institutional investors own 92.68% of the company's stock.

Equity Residential Stock Down 0.0 %

NYSE:EQR traded down $0.03 during mid-day trading on Monday, hitting $73.50. 931,956 shares of the company's stock traded hands, compared to its average volume of 1,856,558. The company has a fifty day moving average of $74.48 and a 200 day moving average of $70.49. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.21 and a current ratio of 0.13. Equity Residential has a twelve month low of $53.74 and a twelve month high of $78.83. The company has a market capitalization of $27.89 billion, a P/E ratio of 30.14, a P/E/G ratio of 6.14 and a beta of 0.90.

Equity Residential Announces Dividend

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

Wall Street Analyst Weigh In

EQR has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft raised Equity Residential from a "hold" rating to a "buy" rating and increased their price objective for the stock from $62.00 to $83.00 in a research note on Tuesday, September 10th. Bank of America lowered Equity Residential from a "buy" rating to a "neutral" rating and raised their price target for the company from $78.00 to $82.00 in a research note on Tuesday, September 24th. Truist Financial upped their price objective on shares of Equity Residential from $73.00 to $77.00 and gave the stock a "buy" rating in a research note on Thursday, August 29th. Wells Fargo & Company downgraded shares of Equity Residential from an "overweight" rating to an "equal weight" rating and raised their target price for the company from $69.00 to $77.00 in a research report on Monday, August 26th. Finally, The Goldman Sachs Group assumed coverage on shares of Equity Residential in a research report on Wednesday, September 4th. They issued a "neutral" rating and a $81.00 price target for the company. Twelve investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $76.19.

About Equity Residential

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.