Vinva Investment Management Ltd Boosts Stock Position in Equity Residential (NYSE:EQR)

Vinva Investment Management Ltd grew its position in shares of Equity Residential (NYSE:EQR) by 289.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,175 shares of the real estate investment trust’s stock after purchasing an additional 40,253 shares during the quarter. Vinva Investment Management Ltd’s holdings in Equity Residential were worth $4,007,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Maryland Capital Advisors Inc. bought a new stake in Equity Residential in the third quarter worth $25,000. Assetmark Inc. increased its holdings in shares of Equity Residential by 2,529.4% in the third quarter. Assetmark Inc. now owns 447 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 430 shares during the period. Brooklyn Investment Group bought a new stake in shares of Equity Residential in the 3rd quarter valued at about $33,000. UMB Bank n.a. boosted its holdings 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 acquiring an additional 195 shares during the period. Finally, Massmutual Trust Co. FSB ADV grew its position in Equity Residential by 41.9% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 525 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 155 shares during the last quarter. 92.68% of the stock is owned by hedge funds and other institutional investors.

Equity Residential Trading Up 0.5 %

NYSE:EQR opened at $77.48 on Friday. The firm has a market capitalization of $29.40 billion, a P/E ratio of 31.75, a PEG ratio of 6.20 and a beta of 0.90. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.13 and a quick ratio of 0.13. Equity Residential has a one year low of $56.05 and a one year high of $78.83. The company’s 50-day simple moving average is $74.10 and its 200 day simple moving average is $71.33.

Equity Residential Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Tuesday, September 24th were given a $0.675 dividend. The ex-dividend date was Tuesday, September 24th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 3.48%. Equity Residential’s dividend payout ratio is currently 110.66%.

Analyst Upgrades and Downgrades

EQR has been the subject of several recent research reports. BNP Paribas assumed coverage on Equity Residential in a research report on Wednesday, September 11th. They issued an “outperform” rating and a $83.00 price objective for the company. Truist Financial upped their price target on shares of Equity Residential from $73.00 to $77.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Scotiabank cut their price target on shares of Equity Residential from $81.00 to $78.00 and set a “sector perform” rating on the stock in a report on Thursday, November 14th. Evercore ISI boosted their price objective on shares of Equity Residential from $75.00 to $76.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Finally, Bank of America lowered shares of Equity Residential from a “buy” rating to a “neutral” rating and increased their target price for the stock from $78.00 to $82.00 in a report on Tuesday, September 24th. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Equity Residential currently has a consensus rating of “Hold” and an average target price of $77.25.

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.