Profund Advisors LLC lowered its stake in shares of Equity Residential (NYSE:EQR – Get Rating) by 13.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,543 shares of the real estate investment trust's stock after selling 1,033 shares during the period. Profund Advisors LLC's holdings in Equity Residential were worth $440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of EQR. Venture Visionary Partners LLC bought a new stake in Equity Residential in the second quarter worth $51,000. CX Institutional bought a new stake in Equity Residential in the second quarter worth $55,000. Alta Advisers Ltd bought a new stake in Equity Residential in the third quarter worth $81,000. Northwestern Mutual Wealth Management Co. increased its position in Equity Residential by 21.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,197 shares of the real estate investment trust's stock worth $86,000 after purchasing an additional 211 shares during the last quarter. Finally, Columbia Asset Management bought a new stake in Equity Residential in the third quarter worth $88,000. Institutional investors own 82.62% of the company's stock.
Get Equity Residential alerts:Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group reduced their price target on shares of Equity Residential from $86.00 to $74.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 18th. Credit Suisse Group lowered shares of Equity Residential from an "outperform" rating to a "neutral" rating and set a $58.00 price objective for the company. in a research note on Monday, January 9th. BTIG Research lowered shares of Equity Residential from a "buy" rating to a "neutral" rating in a research note on Wednesday, January 11th. Argus raised shares of Equity Residential from a "hold" rating to a "buy" rating and set a $72.00 price objective for the company in a research note on Thursday, November 17th. Finally, Truist Financial raised shares of Equity Residential from a "hold" rating to a "buy" rating and set a $68.00 price objective for the company in a research note on Tuesday, January 17th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $71.56.
Equity Residential Stock Up 1.8 %
NYSE:EQR opened at $63.36 on Monday. Equity Residential has a 1-year low of $57.38 and a 1-year high of $94.32. The company has a 50-day moving average of $61.32 and a 200 day moving average of $66.99. The firm has a market cap of $23.94 billion, a PE ratio of 20.84, a price-to-earnings-growth ratio of 2.56 and a beta of 0.78. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.20 and a quick ratio of 0.20.Equity Residential Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Tuesday, January 3rd were paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date was Friday, December 30th. Equity Residential's dividend payout ratio (DPR) is presently 82.24%.
Insider Buying and Selling
In related news, Director David J. Neithercut sold 40,000 shares of the company's stock in a transaction dated Thursday, December 8th. The shares were sold at an average price of $62.75, for a total value of $2,510,000.00. Following the completion of the sale, the director now directly owns 3,392 shares of the company's stock, valued at $212,848. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is owned by insiders.
About Equity Residential
(Get Rating)
Equity Residential operates as a real estate investment trust. It engages in the acquisition, development, and management of rental apartment properties, which includes the generation of rental and other related income through the leasing of apartment units to residents. The company was founded by Robert H.
Featured Stories
- Get a free copy of the StockNews.com research report on Equity Residential (EQR)
- Why Extreme Networks is a Recession-Proof Technology Play
- Is Seagate Technology Signaling the End of its Normalization?
- eHealth Stock Rises from the Ashes. Time to Get In?
- Can Yext A.I. Search Platform Drive Growth in 2023?
- Cassava Sciences Stock Undervalued with Its $124 Price Target?
Want to see what other hedge funds are holding EQR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equity Residential (NYSE:EQR – Get Rating).
Receive News & Ratings for Equity Residential Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity Residential and related companies with MarketBeat.com's FREE daily email newsletter.