Nissay Asset Management Corp Japan ADV Has $6.49 Million Position in Equity Residential (NYSE:EQR)

Nissay Asset Management Corp Japan ADV lifted its position in shares of Equity Residential (NYSE:EQR) by 2.2% during the 4th quarter, Holdings Channel reports. The firm owned 90,622 shares of the real estate investment trust’s stock after purchasing an additional 1,962 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Equity Residential were worth $6,487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of EQR. Keybank National Association OH increased its holdings in Equity Residential by 2.0% in the 4th quarter. Keybank National Association OH now owns 7,001 shares of the real estate investment trust’s stock worth $502,000 after purchasing an additional 139 shares in the last quarter. AdvisorNet Financial Inc grew its holdings in shares of Equity Residential by 25.3% during the fourth quarter. AdvisorNet Financial Inc now owns 722 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 146 shares during the last quarter. Transamerica Financial Advisors Inc. increased its stake in shares of Equity Residential by 4.1% in the fourth quarter. Transamerica Financial Advisors Inc. now owns 3,827 shares of the real estate investment trust’s stock valued at $275,000 after buying an additional 151 shares during the period. Smartleaf Asset Management LLC raised its holdings in Equity Residential by 38.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 558 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 156 shares during the last quarter. Finally, Frank Rimerman Advisors LLC boosted its position in Equity Residential by 4.0% during the 4th quarter. Frank Rimerman Advisors LLC now owns 5,604 shares of the real estate investment trust’s stock worth $402,000 after buying an additional 218 shares during the period. 92.68% of the stock is currently owned by institutional investors and hedge funds.

Equity Residential Price Performance

Equity Residential stock opened at $70.82 on Friday. The stock has a market capitalization of $26.91 billion, a price-to-earnings ratio of 26.04, a PEG ratio of 3.99 and a beta of 0.89. Equity Residential has a 52-week low of $59.41 and a 52-week high of $78.84. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.36 and a current ratio of 0.36. The stock’s 50 day moving average price is $68.84 and its two-hundred day moving average price is $70.88.

Equity Residential (NYSE:EQR) last posted its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.02. Equity Residential had a net margin of 34.76% and a return on equity of 9.27%. The business had revenue of $760.81 million during the quarter, compared to analysts’ expectations of $769.43 million. During the same period last year, the company posted $0.93 earnings per share. The business’s quarterly revenue was up 4.1% on a year-over-year basis. On average, equities analysts predict that Equity Residential will post 3.98 earnings per share for the current year.

Equity Residential Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were paid a dividend of $0.6925 per share. This is an increase from Equity Residential’s previous quarterly dividend of $0.68. This represents a $2.77 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date was Monday, March 31st. Equity Residential’s dividend payout ratio is 105.73%.

Analyst Upgrades and Downgrades

EQR has been the subject of several recent research reports. Royal Bank of Canada upped their price target on shares of Equity Residential from $75.00 to $76.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. Barclays raised their target price on Equity Residential from $79.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday, May 9th. Scotiabank lifted their target price on Equity Residential from $79.00 to $82.00 and gave the stock a “sector perform” rating in a report on Monday. Truist Financial increased their price target on Equity Residential from $76.00 to $78.00 and gave the company a “buy” rating in a research note on Monday, March 10th. Finally, StockNews.com upgraded Equity Residential from a “sell” rating to a “hold” rating in a research report on Saturday, February 8th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $79.69.

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.