Pensionfund DSM Netherlands lessened its holdings in Equity Residential (NYSE:EQR – Free Report) by 19.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 54,556 shares of the real estate investment trust’s stock after selling 13,000 shares during the quarter. Equity Residential comprises 2.4% of Pensionfund DSM Netherlands’ portfolio, making the stock its 13th largest position. Pensionfund DSM Netherlands’ holdings in Equity Residential were worth $3,915,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EQR. Tobam grew its stake in shares of Equity Residential by 8.6% in the third quarter. Tobam now owns 1,927 shares of the real estate investment trust’s stock worth $143,000 after acquiring an additional 152 shares during the last quarter. UMB Bank n.a. grew its position in Equity Residential by 69.6% during the 3rd quarter. UMB Bank n.a. now owns 475 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 195 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Equity Residential by 32.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 811 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 200 shares in the last quarter. Modera Wealth Management LLC raised 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 worth $244,000 after buying an additional 200 shares during the last quarter. Finally, Carmel Capital Partners LLC lifted its stake in shares of Equity Residential by 3.3% in the third quarter. Carmel Capital Partners LLC now owns 6,329 shares of the real estate investment trust’s stock worth $471,000 after buying an additional 205 shares in the last quarter. Institutional investors own 92.68% of the company’s stock.
Equity Residential Trading Down 0.0 %
EQR traded down $0.02 during trading hours on Monday, reaching $70.88. 83,928 shares of the company’s stock traded hands, compared to its average volume of 773,831. Equity Residential has a 52-week low of $57.33 and a 52-week high of $78.83. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.76. The firm has a 50-day moving average price of $73.16 and a 200 day moving average price of $72.59. The firm has a market capitalization of $26.89 billion, a PE ratio of 29.05, a PEG ratio of 5.90 and a beta of 0.93.
Equity Residential Dividend Announcement
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on EQR. Bank of America downgraded shares of Equity Residential from a “buy” rating to a “neutral” rating and raised their price target for the company from $78.00 to $82.00 in a research report on Tuesday, September 24th. StockNews.com cut Equity Residential from a “hold” rating to a “sell” rating in a research note on Wednesday, December 11th. Barclays started coverage on Equity Residential in a research report on Tuesday, December 17th. They set an “overweight” rating and a $83.00 price objective on the stock. Royal Bank of Canada decreased their target price on Equity Residential from $83.00 to $79.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Finally, Evercore ISI raised their price target on shares of Equity Residential from $75.00 to $76.00 and gave the company an “in-line” rating in a report on Monday, September 16th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $78.69.
Check Out Our Latest Analysis on Equity Residential
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.
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