Mufg Securities Americas Inc. grew its holdings in Equity Residential (NYSE:EQR – Free Report) by 25.3% in the 2nd quarter, Holdings Channel reports. The fund owned 7,578 shares of the real estate investment trust’s stock after purchasing an additional 1,529 shares during the quarter. Mufg Securities Americas Inc.’s holdings in Equity Residential were worth $511,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also made changes to their positions in EQR. CVA Family Office LLC increased its holdings in Equity Residential by 425.3% in the 2nd quarter. CVA Family Office LLC now owns 415 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 336 shares during the period. GKV Capital Management Co. Inc. bought a new position in Equity Residential in the first quarter valued at approximately $37,000. Keystone Global Partners LLC bought a new position in shares of Equity Residential in the 1st quarter worth $47,000. FNY Investment Advisers LLC grew its stake in shares of Equity Residential by 1,000.0% during the second quarter. FNY Investment Advisers LLC now owns 660 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 600 shares during the period. Finally, Zions Bancorporation National Association UT bought a new stake in Equity Residential in the first quarter valued at about $48,000. Institutional investors own 92.68% of the company’s stock.
Equity Residential Price Performance
Shares of NYSE:EQR opened at $60.59 on Tuesday. The firm has a 50 day moving average of $61.91 and a 200-day moving average of $65.18. Equity Residential has a 12 month low of $58.38 and a 12 month high of $78.32. The company has a current ratio of 0.45, a quick ratio of 0.17 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $23.05 billion, a PE ratio of 20.00, a PEG ratio of 2.99 and a beta of 0.88.
Equity Residential Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Thursday, September 25th were paid a $0.6925 dividend. The ex-dividend date was Thursday, September 25th. This represents a $2.77 annualized dividend and a dividend yield of 4.6%. Equity Residential’s dividend payout ratio (DPR) is presently 91.42%.
Analysts Set New Price Targets
A number of analysts have recently commented on EQR shares. Cantor Fitzgerald assumed coverage on Equity Residential in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $70.00 price target for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Equity Residential in a research report on Wednesday, October 8th. Stifel Nicolaus set a $79.75 price objective on shares of Equity Residential in a research note on Wednesday, October 29th. JPMorgan Chase & Co. cut their price target on shares of Equity Residential from $76.00 to $75.00 in a research note on Tuesday, September 16th. Finally, Wall Street Zen raised Equity Residential from a “sell” rating to a “hold” rating in a report on Monday, November 3rd. Eight analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $70.45.
Check Out Our Latest Research Report on EQR
Equity Residential 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.
Featured Stories
- Five stocks we like better than Equity Residential
- Consumer Discretionary Stocks Explained
- D-Wave: Time to Buy the Dip? Or is the Fall Just Starting?
- How to Choose Top Rated Stocks
- Hims, Block, and NRG Just Launched Huge Stock Buybacks
- Short Selling – The Pros and Cons
- Retail Earnings Roundup: Walmart Scores, Target Slumps in Q3
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 – Free Report).
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.
