Signaturefd LLC Acquires 619 Shares of Equity Residential (NYSE:EQR)

Signaturefd LLC raised its holdings in Equity Residential (NYSE:EQR) by 26.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,980 shares of the real estate investment trust’s stock after purchasing an additional 619 shares during the period. Signaturefd LLC’s holdings in Equity Residential were worth $222,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of EQR. Principal Financial Group Inc. boosted its holdings in Equity Residential by 482.3% in the 2nd quarter. Principal Financial Group Inc. now owns 7,153,749 shares of the real estate investment trust’s stock valued at $496,040,000 after purchasing an additional 5,925,177 shares during the period. National Bank of Canada FI lifted its holdings in shares of Equity Residential by 679.0% during the 2nd quarter. National Bank of Canada FI now owns 594,774 shares of the real estate investment trust’s stock worth $40,528,000 after acquiring an additional 518,424 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Equity Residential by 39.6% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,676,445 shares of the real estate investment trust’s stock worth $116,245,000 after acquiring an additional 475,124 shares during the period. Sei Investments Co. lifted its holdings in shares of Equity Residential by 77.5% during the 1st quarter. Sei Investments Co. now owns 1,061,862 shares of the real estate investment trust’s stock worth $67,014,000 after acquiring an additional 463,664 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of Equity Residential by 793.8% during the 1st quarter. SG Americas Securities LLC now owns 444,791 shares of the real estate investment trust’s stock worth $28,071,000 after acquiring an additional 395,029 shares during the period. Institutional investors own 92.68% of the company’s stock.

Equity Residential Trading Down 1.8 %

EQR opened at $74.67 on Friday. Equity Residential has a twelve month low of $52.57 and a twelve month high of $78.83. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.64. The company has a fifty day moving average of $74.68 and a 200-day moving average of $69.67. The stock has a market cap of $28.31 billion, a PE ratio of 29.75, a price-to-earnings-growth ratio of 6.17 and a beta of 0.89.

Equity Residential (NYSE:EQR) last posted its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.49). Equity Residential had a return on equity of 8.53% and a net margin of 32.83%. The firm had revenue of $734.20 million for the quarter, compared to analyst estimates of $735.26 million. During the same quarter last year, the company earned $0.94 earnings per share. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, sell-side analysts predict that Equity Residential will post 3.89 EPS for the current year.

Equity Residential Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Tuesday, September 24th were given a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 3.62%. The ex-dividend date was Tuesday, September 24th. Equity Residential’s dividend payout ratio (DPR) is presently 107.57%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EQR. Piper Sandler upped their price target on shares of Equity Residential from $80.00 to $85.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Scotiabank upped their price objective on shares of Equity Residential from $77.00 to $81.00 and gave the stock a “sector perform” rating in a research report on Monday, September 16th. Wells Fargo & Company cut shares of Equity Residential from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $69.00 to $77.00 in a research report on Monday, August 26th. JPMorgan Chase & Co. upped their price objective on shares of Equity Residential from $68.00 to $80.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Finally, Evercore ISI upped their price objective on shares of Equity Residential from $75.00 to $76.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Twelve investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Equity Residential currently has an average rating of “Hold” and a consensus target price of $75.97.

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.