V Square Quantitative Management LLC Purchases 372 Shares of Equity Residential (NYSE:EQR)

V Square Quantitative Management LLC raised its holdings in shares of Equity Residential (NYSE:EQR) by 9.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,239 shares of the real estate investment trust’s stock after purchasing an additional 372 shares during the quarter. V Square Quantitative Management LLC’s holdings in Equity Residential were worth $316,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in shares of Equity Residential by 482.3% during 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 increased its position in shares of Equity Residential by 679.0% during the second quarter. National Bank of Canada FI now owns 594,774 shares of the real estate investment trust’s stock valued at $40,528,000 after buying an additional 518,424 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Equity Residential by 39.6% in the second 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 buying an additional 475,124 shares in the last quarter. Sei Investments Co. boosted its position in shares of Equity Residential by 77.5% in the first quarter. Sei Investments Co. now owns 1,061,862 shares of the real estate investment trust’s stock valued at $67,014,000 after acquiring an additional 463,664 shares during the period. Finally, SG Americas Securities LLC grew its stake in Equity Residential by 793.8% during the first quarter. SG Americas Securities LLC now owns 444,791 shares of the real estate investment trust’s stock valued at $28,071,000 after acquiring an additional 395,029 shares in the last quarter. Institutional investors own 92.68% of the company’s stock.

Wall Street Analysts Forecast Growth

EQR has been the topic of several recent analyst reports. Wells Fargo & Company cut shares of Equity Residential from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $69.00 to $77.00 in a research note on Monday, August 26th. UBS Group lifted their price objective on Equity Residential from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Truist Financial upped their target price on Equity Residential from $73.00 to $77.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Piper Sandler raised their price target on Equity Residential from $80.00 to $85.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Finally, BNP Paribas initiated coverage on Equity Residential in a report on Wednesday, September 11th. They set an “outperform” rating and a $83.00 price objective for the company. Twelve equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $75.97.

Equity Residential Stock Up 1.0 %

Shares of NYSE:EQR opened at $75.63 on Monday. The stock has a market capitalization of $28.71 billion, a P/E ratio of 31.38, a price-to-earnings-growth ratio of 6.05 and a beta of 0.89. The stock’s 50-day moving average price is $74.30 and its 200-day moving average price is $69.33. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.64. Equity Residential has a 12-month low of $52.57 and a 12-month high of $78.83.

Equity Residential (NYSE:EQR) last posted its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.47 earnings per share (EPS) 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 company had revenue of $734.20 million for the quarter, compared to the consensus estimate of $735.26 million. During the same quarter in the previous year, the business earned $0.94 earnings per share. Equity Residential’s revenue was up 2.4% compared to the same quarter last year. On average, equities analysts anticipate that Equity Residential will post 3.89 earnings per share for the current year.

Equity Residential Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Tuesday, September 24th were issued a dividend of $0.675 per share. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $2.70 dividend on an annualized basis and a yield of 3.57%. Equity Residential’s dividend payout ratio is currently 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.