Swedbank AB Has $1.91 Million Stake in Equity Residential (NYSE:EQR)

Swedbank AB decreased its position in Equity Residential (NYSE:EQR) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,654 shares of the real estate investment trust’s stock after selling 166 shares during the quarter. Swedbank AB’s holdings in Equity Residential were worth $1,910,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in EQR. Quadrature Capital Ltd acquired a new position in shares of Equity Residential during the 4th quarter worth $509,000. GAMMA Investing LLC increased its position in Equity Residential by 10.2% during the first quarter. GAMMA Investing LLC now owns 3,809 shares of the real estate investment trust’s stock worth $240,000 after buying an additional 354 shares during the last quarter. Czech National Bank raised its holdings in Equity Residential by 0.3% during the first quarter. Czech National Bank now owns 60,730 shares of the real estate investment trust’s stock valued at $3,833,000 after buying an additional 210 shares in the last quarter. Park Avenue Securities LLC lifted its position in shares of Equity Residential by 34.5% in the first quarter. Park Avenue Securities LLC now owns 6,106 shares of the real estate investment trust’s stock worth $385,000 after buying an additional 1,566 shares during the last quarter. Finally, Sarasin & Partners LLP boosted its stake in shares of Equity Residential by 5.0% during the 1st quarter. Sarasin & Partners LLP now owns 80,079 shares of the real estate investment trust’s stock worth $5,054,000 after acquiring an additional 3,802 shares in the last quarter. Institutional investors and hedge funds own 92.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Bank of America downgraded Equity Residential from a “buy” rating to a “neutral” rating and raised their price objective for the company from $78.00 to $82.00 in a research note on Tuesday, September 24th. 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 report on Monday, September 16th. Wells Fargo & Company downgraded shares of Equity Residential from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $69.00 to $77.00 in a report on Monday, August 26th. Wedbush upped their price target on shares of Equity Residential from $68.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Finally, UBS Group lifted their price objective on Equity Residential from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Twelve investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $75.97.

Equity Residential Trading Up 1.0 %

Shares of Equity Residential stock opened at $75.63 on Friday. Equity Residential has a 52-week low of $52.57 and a 52-week high of $78.83. The firm has a market capitalization of $28.71 billion, a PE ratio of 31.38, a price-to-earnings-growth ratio of 6.05 and a beta of 0.89. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.21 and a quick ratio of 0.21. The company’s fifty day moving average price is $74.30 and its two-hundred day moving average price is $69.22.

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

Equity Residential Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Tuesday, September 24th were given a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date was Tuesday, September 24th. Equity Residential’s dividend payout ratio (DPR) is 112.03%.

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.