UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Holdings in Equity Residential $EQR

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Equity Residential (NYSE:EQRFree Report) by 5,893.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,335,122 shares of the real estate investment trust’s stock after purchasing an additional 4,262,792 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Equity Residential were worth $294,485,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fulcrum Asset Management LLP acquired a new stake in Equity Residential during the 3rd quarter valued at $27,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Equity Residential in the third quarter worth $31,000. Zions Bancorporation National Association UT raised its holdings 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 worth $30,000 after acquiring an additional 379 shares during the last quarter. DV Equities LLC purchased a new stake in shares of Equity Residential in the fourth quarter valued at $30,000. Finally, Leonteq Securities AG lifted its position in shares of Equity Residential by 48.8% in the first quarter. Leonteq Securities AG now owns 549 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on EQR. Nordea Equity Research raised Equity Residential to a “buy” rating in a research note on Wednesday, May 27th. Stifel Nicolaus upped their target price on shares of Equity Residential from $78.25 to $79.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Scotiabank raised their price target on shares of Equity Residential from $67.00 to $70.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 9th. BMO Capital Markets raised their price target on shares of Equity Residential from $68.00 to $75.00 and gave the stock a “market perform” rating in a research note on Monday, June 8th. Finally, Weiss Ratings upgraded shares of Equity Residential from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. 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 company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $71.40.

Read Our Latest Research Report on Equity Residential

Equity Residential Stock Up 0.0%

EQR opened at $63.68 on Tuesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.19 and a quick ratio of 0.19. The stock has a market capitalization of $23.88 billion, a price-to-earnings ratio of 27.69, a price-to-earnings-growth ratio of 5.53 and a beta of 0.73. The business has a 50-day moving average of $66.94 and a two-hundred day moving average of $64.60. Equity Residential has a 12 month low of $57.57 and a 12 month high of $71.50.

Equity Residential (NYSE:EQRGet Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.01. The company had revenue of $785.05 million during the quarter, compared to the consensus estimate of $787.28 million. Equity Residential had a net margin of 27.97% and a return on equity of 8.06%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.99 EPS. On average, research analysts expect that Equity Residential will post 4.08 earnings per share for the current year.

Equity Residential Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 29th were paid a dividend of $0.7025 per share. The ex-dividend date of this dividend was Monday, June 29th. This represents a $2.81 dividend on an annualized basis and a yield of 4.4%. Equity Residential’s dividend payout ratio (DPR) is currently 122.17%.

About Equity Residential

(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

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

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