XTX Topco Ltd purchased a new stake in shares of Equity Residential (NYSE:EQR - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 20,953 shares of the real estate investment trust's stock, valued at approximately $1,560,000.
Several other institutional investors also recently bought and sold shares of the business. Tobam grew its stake in shares of Equity Residential by 8.6% in the third quarter. Tobam now owns 1,927 shares of the real estate investment trust's stock valued at $143,000 after buying an additional 152 shares in the last quarter. Checchi Capital Advisers LLC grew its position in Equity Residential by 4.5% in the second quarter. Checchi Capital Advisers LLC now owns 3,522 shares of the real estate investment trust's stock valued at $244,000 after acquiring an additional 153 shares in the last quarter. UMB Bank n.a. grew its position in 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 acquiring an additional 195 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Equity Residential by 32.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 811 shares of the real estate investment trust's stock valued at $56,000 after purchasing an additional 200 shares during the period. Finally, Modera Wealth Management LLC lifted its position in shares of Equity Residential by 6.5% during the third quarter. Modera Wealth Management LLC now owns 3,278 shares of the real estate investment trust's stock worth $244,000 after purchasing an additional 200 shares in the last quarter. 92.68% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research firms recently weighed in on EQR. Stifel Nicolaus raised shares of Equity Residential from a "hold" rating to a "buy" rating and raised their price target for the company from $77.75 to $81.50 in a report on Wednesday, November 13th. Royal Bank of Canada lowered their target price on Equity Residential from $83.00 to $79.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised Equity Residential from a "hold" rating to a "buy" rating and lifted their target price for the stock from $62.00 to $83.00 in a research report on Tuesday, September 10th. Bank of America cut Equity Residential from a "buy" rating to a "neutral" rating and boosted their price target for the stock from $78.00 to $82.00 in a research note on Tuesday, September 24th. Finally, BNP Paribas assumed coverage on Equity Residential in a research note on Wednesday, September 11th. They set an "outperform" rating and a $83.00 price objective for the company. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $77.25.
Read Our Latest Report on EQR
Equity Residential Stock Performance
Shares of NYSE:EQR traded down $0.09 on Monday, reaching $73.66. 1,302,899 shares of the company's stock were exchanged, compared to its average volume of 1,821,648. The business's 50-day moving average is $73.97 and its two-hundred day moving average is $71.76. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.76. Equity Residential has a fifty-two week low of $57.33 and a fifty-two week high of $78.83. The firm has a market capitalization of $27.95 billion, a price-to-earnings ratio of 30.19, a PEG ratio of 5.98 and a beta of 0.92.
Equity Residential Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Tuesday, September 24th were issued a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 3.67%. The ex-dividend date of this dividend was Tuesday, September 24th. Equity Residential's dividend payout ratio (DPR) is presently 110.66%.
Equity Residential 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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