First Affirmative Financial Network lessened its holdings in Equity Residential (NYSE:EQR – Free Report) by 4.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,343 shares of the real estate investment trust’s stock after selling 271 shares during the quarter. First Affirmative Financial Network’s holdings in Equity Residential were worth $383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently made changes to their positions in EQR. Maryland Capital Advisors Inc. purchased a new stake in Equity Residential in the third quarter worth $25,000. Wilmington Savings Fund Society FSB bought a new stake in Equity Residential in the 3rd quarter valued at about $29,000. Brooklyn Investment Group purchased a new stake in Equity Residential during the third quarter valued at about $33,000. Assetmark Inc. boosted its position in 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 during the period. Finally, UMB Bank n.a. increased its stake 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 worth $35,000 after purchasing an additional 195 shares in the last quarter. 92.68% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research firms recently commented on EQR. Royal Bank of Canada cut their price objective on shares of Equity Residential from $83.00 to $79.00 and set an “outperform” rating for the company in a report on Friday, November 1st. StockNews.com upgraded Equity Residential from a “sell” rating to a “hold” rating in a research note on Monday, January 13th. Wells Fargo & Company cut their target price on Equity Residential from $77.00 to $75.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Scotiabank decreased their price target on 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. Finally, Mizuho cut their price objective on shares of Equity Residential from $78.00 to $74.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Eleven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Equity Residential has a consensus rating of “Hold” and a consensus target price of $78.36.
Equity Residential Price Performance
EQR stock opened at $68.61 on Thursday. The firm has a market cap of $26.03 billion, a P/E ratio of 28.12, a P/E/G ratio of 5.36 and a beta of 0.93. The firm’s fifty day moving average is $71.81 and its 200 day moving average is $72.69. Equity Residential has a 52 week low of $57.33 and a 52 week 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 Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd were issued a $0.675 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $2.70 annualized dividend and a dividend yield of 3.94%. Equity Residential’s dividend payout ratio is currently 110.66%.
Equity Residential Company Profile
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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