Equity Residential (NYSE:EQR) Given Consensus Rating of “Hold” by Analysts

Equity Residential (NYSE:EQR) has earned a consensus recommendation of “Hold” from the nineteen ratings firms that are covering the company, Marketbeat Ratings reports. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $78.14.

EQR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Equity Residential from $68.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Truist Financial boosted their price objective on shares of Equity Residential from $73.00 to $77.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Stifel Nicolaus raised Equity Residential from a “hold” rating to a “buy” rating and lifted their price objective for the company from $77.75 to $81.50 in a research report on Wednesday, November 13th. StockNews.com lowered Equity Residential from a “hold” rating to a “sell” rating in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada dropped their price target on Equity Residential from $83.00 to $79.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st.

Equity Residential Stock Performance

NYSE:EQR opened at $70.19 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.13 and a current ratio of 0.13. Equity Residential has a fifty-two week low of $57.33 and a fifty-two week high of $78.83. The firm has a market cap of $26.63 billion, a PE ratio of 28.77, a price-to-earnings-growth ratio of 5.90 and a beta of 0.92. The business has a 50 day moving average price of $73.89 and a 200-day moving average price of $72.11.

Equity Residential Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.675 per share. The ex-dividend date is Thursday, January 2nd. This represents a $2.70 annualized dividend and a yield of 3.85%. Equity Residential’s dividend payout ratio is 110.66%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of EQR. Tobam grew its position in Equity Residential by 8.6% in the 3rd quarter. Tobam now owns 1,927 shares of the real estate investment trust’s stock worth $143,000 after purchasing an additional 152 shares during the period. Checchi Capital Advisers LLC boosted its stake in shares of Equity Residential by 4.5% in the 2nd quarter. Checchi Capital Advisers LLC now owns 3,522 shares of the real estate investment trust’s stock worth $244,000 after buying an additional 153 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Equity Residential by 69.6% in the third quarter. UMB Bank n.a. now owns 475 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 195 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Equity Residential by 32.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 811 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 200 shares during the last quarter. Finally, Modera Wealth Management LLC lifted its holdings in Equity Residential by 6.5% in the third quarter. Modera Wealth Management LLC now owns 3,278 shares of the real estate investment trust’s stock valued at $244,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Equity Residential Company 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.