Vanderbilt University Boosts Stock Position in Equity Residential $EQR

Vanderbilt University boosted its stake in shares of Equity Residential (NYSE:EQRFree Report) by 29.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,311 shares of the real estate investment trust’s stock after acquiring an additional 7,707 shares during the quarter. Vanderbilt University’s holdings in Equity Residential were worth $2,331,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of EQR. Norges Bank acquired a new position in shares of Equity Residential in the fourth quarter valued at approximately $2,201,674,000. State Street Corp raised its stake in shares of Equity Residential by 2.8% during the third quarter. State Street Corp now owns 24,922,935 shares of the real estate investment trust’s stock worth $1,630,103,000 after purchasing an additional 688,854 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Equity Residential by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 10,258,275 shares of the real estate investment trust’s stock worth $644,412,000 after purchasing an additional 114,604 shares during the period. First Eagle Investment Management LLC lifted its holdings in shares of Equity Residential by 0.5% during the fourth quarter. First Eagle Investment Management LLC now owns 9,242,013 shares of the real estate investment trust’s stock worth $582,617,000 after purchasing an additional 44,127 shares during the period. Finally, Cohen & Steers Inc. grew its position in Equity Residential by 227.7% in the 4th quarter. Cohen & Steers Inc. now owns 7,405,502 shares of the real estate investment trust’s stock valued at $466,869,000 after buying an additional 5,145,442 shares during the last quarter. 92.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Stifel Nicolaus boosted their price objective on shares of Equity Residential from $78.25 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Wall Street Zen cut shares of Equity Residential from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Wells Fargo & Company raised their target price on shares of Equity Residential from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. Nordea Equity Research raised shares of Equity Residential to a “buy” rating in a report on Wednesday, May 27th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Equity Residential from $71.00 to $72.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $71.40.

Read Our Latest Stock Analysis on EQR

Equity Residential Stock Up 2.4%

EQR opened at $65.96 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.19 and a quick ratio of 0.19. Equity Residential has a 12 month low of $57.57 and a 12 month high of $71.50. The stock has a market capitalization of $24.73 billion, a P/E ratio of 28.68, a P/E/G ratio of 5.12 and a beta of 0.73. The business has a 50 day simple moving average of $67.50 and a 200-day simple moving average of $64.49.

Equity Residential Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 29th were given a $0.7025 dividend. The ex-dividend date was Monday, June 29th. This represents a $2.81 annualized dividend and a yield of 4.3%. Equity Residential’s dividend payout ratio is presently 122.17%.

Equity Residential Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Equity Residential (NYSE:EQR)

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