New Age Alpha Advisors LLC cut its holdings in shares of Equity Residential (NYSE:EQR – Free Report) by 18.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,622 shares of the real estate investment trust’s stock after selling 12,901 shares during the period. New Age Alpha Advisors LLC’s holdings in Equity Residential were worth $3,696,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of EQR. Collier Financial bought a new stake in shares of Equity Residential in the 3rd quarter valued at about $26,000. Fulcrum Asset Management LLP bought a new stake in shares of Equity Residential in the 3rd quarter valued at about $27,000. Rosenberg Matthew Hamilton increased its stake in shares of Equity Residential by 69.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 440 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 180 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Equity Residential in the 3rd quarter valued at about $31,000. Finally, Hantz Financial Services Inc. increased its stake in shares of Equity Residential by 434.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 540 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 439 shares during the last quarter. 92.68% of the stock is owned by institutional investors.
Equity Residential Price Performance
NYSE EQR opened at $66.30 on Tuesday. The business has a 50 day simple moving average of $62.33 and a 200 day simple moving average of $61.97. Equity Residential has a 52-week low of $57.57 and a 52-week high of $70.31. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.18 and a current ratio of 0.18. The stock has a market cap of $24.84 billion, a price-to-earnings ratio of 26.52, a PEG ratio of 5.25 and a beta of 0.76.
Equity Residential Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Monday, March 30th were paid a dividend of $0.7025 per share. This represents a $2.81 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Monday, March 30th. This is a positive change from Equity Residential’s previous quarterly dividend of $0.69. Equity Residential’s dividend payout ratio (DPR) is currently 112.40%.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on EQR shares. BNP Paribas Exane upped their price target on Equity Residential from $68.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. Wells Fargo & Company upped their price target on Equity Residential from $62.00 to $64.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Wall Street Zen cut Equity Residential from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Barclays upped their price target on Equity Residential from $75.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Finally, UBS Group upped their price target on Equity Residential from $71.00 to $73.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $70.11.
Read Our Latest Analysis on Equity Residential
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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