Uhlmann Price Securities LLC acquired a new stake in Equity Residential (NYSE:EQR – Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,451 shares of the real estate investment trust’s stock, valued at approximately $1,269,000.
Other large investors have also bought and sold shares of the company. Fulcrum Asset Management LLP acquired a new position in Equity Residential during the 3rd quarter worth about $27,000. Rosenberg Matthew Hamilton increased its stake in shares of Equity Residential by 69.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 440 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 180 shares during the period. Zions Bancorporation National Association UT increased its stake in shares of Equity Residential by 375.2% in the fourth quarter. Zions Bancorporation National Association UT now owns 480 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 379 shares during the period. DV Equities LLC bought a new position in shares of Equity Residential during the fourth quarter worth about $30,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Equity Residential during the third quarter worth about $31,000. 92.68% of the stock is owned by institutional investors.
Equity Residential Stock Performance
Shares of EQR opened at $64.00 on Friday. Equity Residential has a one year low of $57.57 and a one year high of $69.87. The company has a market cap of $23.98 billion, a PE ratio of 25.60, a P/E/G ratio of 5.09 and a beta of 0.75. The stock has a 50-day moving average of $64.92 and a 200-day moving average of $62.80. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.18 and a quick ratio of 0.18.
Equity Residential Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 29th will be given a dividend of $0.7025 per share. This represents a $2.81 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Monday, June 29th. Equity Residential’s dividend payout ratio is presently 112.40%.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on EQR shares. Nordea Equity Research raised shares of Equity Residential to a “buy” rating in a research report on Wednesday, May 27th. Weiss Ratings restated a “hold (c)” rating on shares of Equity Residential in a research report on Tuesday, April 21st. JPMorgan Chase & Co. upped their price objective on shares of Equity Residential from $71.00 to $72.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Argus set a $70.00 price objective on shares of Equity Residential in a research note on Thursday, March 12th. Finally, Truist Financial increased their price objective on shares of Equity Residential from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $70.65.
Read Our Latest Analysis on EQR
Equity Residential Profile
Equity Residential (NYSE: EQR) is a publicly traded real estate investment trust that acquires, develops, owns and operates rental apartment properties. Headquartered in Chicago, the company focuses on delivering professionally managed, market-rate apartment homes and related services to renters. Its operations cover a range of property types, including high-rise and mid-rise assets, with amenities and on-site management designed to support resident retention and occupancy.
The company’s core activities include property acquisitions, development and redevelopment, leasing, and day-to-day property management.
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