Equity Residential (NYSE:EQR) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP decreased its position in Equity Residential (NYSE:EQR) by 29.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,347 shares of the real estate investment trust’s stock after selling 26,615 shares during the quarter. Wellington Management Group LLP’s holdings in Equity Residential were worth $4,791,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of Equity Residential by 1.4% in the 3rd quarter. State Street Corp now owns 23,922,127 shares of the real estate investment trust’s stock valued at $1,796,976,000 after buying an additional 321,002 shares during the period. FMR LLC increased its stake in Equity Residential by 29.0% during the third quarter. FMR LLC now owns 7,746,494 shares of the real estate investment trust’s stock worth $576,804,000 after purchasing an additional 1,741,840 shares during the period. Principal Financial Group Inc. lifted its position in shares of Equity Residential by 8.3% during the third quarter. Principal Financial Group Inc. now owns 7,745,615 shares of the real estate investment trust’s stock worth $576,737,000 after purchasing an additional 591,866 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Equity Residential by 1.2% in the second quarter. Canada Pension Plan Investment Board now owns 5,001,360 shares of the real estate investment trust’s stock valued at $346,794,000 after purchasing an additional 60,000 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Equity Residential by 806.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,259,145 shares of the real estate investment trust’s stock valued at $317,136,000 after purchasing an additional 3,789,234 shares in the last quarter. 92.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Royal Bank of Canada decreased their price target on shares of Equity Residential from $83.00 to $79.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Bank of America lowered Equity Residential from a “buy” rating to a “neutral” rating and lifted their target price for the company from $78.00 to $82.00 in a report on Tuesday, September 24th. JPMorgan Chase & Co. upped their price target on Equity Residential from $68.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Evercore ISI lifted their price objective on Equity Residential from $75.00 to $76.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Finally, BNP Paribas initiated coverage on shares of Equity Residential in a research note on Wednesday, September 11th. They set an “outperform” rating and a $83.00 target price on the stock. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $77.25.

Equity Residential Trading Up 0.2 %

NYSE:EQR opened at $73.45 on Tuesday. The company has a market capitalization of $27.87 billion, a PE ratio of 30.10, a P/E/G ratio of 5.90 and a beta of 0.92. Equity Residential has a 52-week low of $57.33 and a 52-week high of $78.83. The stock’s 50 day moving average price is $73.94 and its 200 day moving average price is $72.07. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.76.

Equity Residential Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.675 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $2.70 dividend on an annualized basis and a dividend yield of 3.68%. Equity Residential’s dividend payout ratio (DPR) is presently 110.66%.

About Equity Residential

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.