Vanguard Personalized Indexing Management LLC Acquires 560 Shares of Equity Residential (NYSE:EQR)

Vanguard Personalized Indexing Management LLC lifted its holdings in Equity Residential (NYSE:EQRFree Report) by 3.5% in the third quarter, HoldingsChannel reports. The firm owned 16,460 shares of the real estate investment trust’s stock after purchasing an additional 560 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Equity Residential were worth $966,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Banque Cantonale Vaudoise raised its holdings in shares of Equity Residential by 128.7% in the third quarter. Banque Cantonale Vaudoise now owns 11,372 shares of the real estate investment trust’s stock valued at $668,000 after acquiring an additional 6,400 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Equity Residential in the second quarter valued at about $24,600,000. Arizona State Retirement System grew its stake in Equity Residential by 5.0% in the second quarter. Arizona State Retirement System now owns 102,891 shares of the real estate investment trust’s stock valued at $6,788,000 after purchasing an additional 4,863 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Equity Residential by 9.8% in the third quarter. Assenagon Asset Management S.A. now owns 4,453 shares of the real estate investment trust’s stock valued at $261,000 after purchasing an additional 397 shares during the last quarter. Finally, Signaturefd LLC grew its stake in Equity Residential by 20.3% in the second quarter. Signaturefd LLC now owns 4,109 shares of the real estate investment trust’s stock valued at $271,000 after purchasing an additional 693 shares during the last quarter. 84.79% of the stock is currently owned by institutional investors.

Equity Residential Trading Up 0.6 %

Equity Residential stock opened at $59.20 on Tuesday. The company has a quick ratio of 0.18, a current ratio of 0.30 and a debt-to-equity ratio of 0.66. Equity Residential has a 52 week low of $52.57 and a 52 week high of $69.45. The company has a market capitalization of $22.48 billion, a price-to-earnings ratio of 26.91, a price-to-earnings-growth ratio of 3.46 and a beta of 0.84. The stock has a 50-day moving average price of $60.35 and a 200 day moving average price of $60.22.

Equity Residential (NYSE:EQRGet Free Report) last released its earnings results on Tuesday, January 30th. The real estate investment trust reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.18). Equity Residential had a return on equity of 7.43% and a net margin of 29.07%. The firm had revenue of $727.50 million for the quarter, compared to analyst estimates of $725.07 million. During the same period last year, the firm earned $0.94 EPS. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. Sell-side analysts anticipate that Equity Residential will post 3.81 EPS for the current year.

Equity Residential Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd were issued a $0.6625 dividend. This represents a $2.65 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend was Friday, December 29th. Equity Residential’s payout ratio is presently 120.45%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on EQR. Piper Sandler cut their target price on Equity Residential from $71.00 to $57.00 and set a “neutral” rating on the stock in a research note on Friday, November 10th. Mizuho lifted their target price on Equity Residential from $58.00 to $62.00 and gave the company a “neutral” rating in a research note on Wednesday, January 10th. Royal Bank of Canada lifted their target price on Equity Residential from $65.00 to $66.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Deutsche Bank Aktiengesellschaft began coverage on Equity Residential in a research note on Tuesday, January 30th. They set a “hold” rating and a $64.00 price target on the stock. Finally, Stifel Nicolaus dropped their price target on Equity Residential from $60.00 to $59.50 and set a “hold” rating on the stock in a research note on Friday, November 17th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $66.18.

View Our Latest Report on EQR

Insider Buying and Selling at Equity Residential

In other Equity Residential news, Chairman David J. Neithercut sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $58.18, for a total value of $1,454,500.00. Following the completion of the transaction, the chairman now directly owns 3,392 shares of the company’s stock, valued at $197,346.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Equity Residential news, COO Michael L. Manelis sold 1,639 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $59.43, for a total value of $97,405.77. Following the completion of the transaction, the chief operating officer now directly owns 31,053 shares of the company’s stock, valued at $1,845,479.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman David J. Neithercut sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $58.18, for a total value of $1,454,500.00. Following the completion of the transaction, the chairman now directly owns 3,392 shares of the company’s stock, valued at $197,346.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,688 shares of company stock valued at $1,554,818. 1.69% of the stock is owned by company insiders.

About Equity Residential

(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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