Nisa Investment Advisors LLC lowered its position in shares of Equity Residential (NYSE:EQR – Free Report) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 156,567 shares of the real estate investment trust’s stock after selling 9,460 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Equity Residential were worth $11,235,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Equity Residential by 806.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,259,145 shares of the real estate investment trust’s stock worth $317,136,000 after acquiring an additional 3,789,234 shares in the last quarter. Los Angeles Capital Management LLC grew its stake in shares of Equity Residential by 1,459.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 1,949,473 shares of the real estate investment trust’s stock worth $145,158,000 after buying an additional 1,824,494 shares during the last quarter. FMR LLC grew its stake in shares of Equity Residential by 29.0% in the 3rd quarter. FMR LLC now owns 7,746,494 shares of the real estate investment trust’s stock worth $576,804,000 after buying an additional 1,741,840 shares during the last quarter. Principal Financial Group Inc. increased its position in Equity Residential by 8.3% during the 3rd quarter. Principal Financial Group Inc. now owns 7,745,615 shares of the real estate investment trust’s stock valued at $576,737,000 after buying an additional 591,866 shares in the last quarter. Finally, Heitman Real Estate Securities LLC raised its stake in Equity Residential by 2,193.2% during the third quarter. Heitman Real Estate Securities LLC now owns 416,647 shares of the real estate investment trust’s stock valued at $31,024,000 after buying an additional 398,478 shares during the last quarter. 92.68% of the stock is owned by hedge funds and other institutional investors.
Equity Residential Trading Down 0.2 %
Equity Residential stock opened at $68.21 on Friday. The business has a 50-day simple moving average of $72.20 and a two-hundred day simple moving average of $72.62. 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 company has a market cap of $25.88 billion, a P/E ratio of 27.96, a P/E/G ratio of 5.50 and a beta of 0.93.
Equity Residential Dividend Announcement
Analyst Ratings Changes
Several brokerages have recently weighed in on EQR. Mizuho reduced their price target on Equity Residential from $78.00 to $74.00 and set a “neutral” rating for the company in a report on Monday, January 6th. StockNews.com upgraded shares of Equity Residential from a “sell” rating to a “hold” rating in a research note on Monday, January 13th. Royal Bank of Canada decreased their target price on shares of Equity Residential from $83.00 to $79.00 and set an “outperform” rating for the company in a report on Friday, November 1st. 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. Finally, Stifel Nicolaus upgraded shares of Equity Residential from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $77.75 to $81.50 in a report on Wednesday, November 13th. Eleven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $78.69.
View Our Latest Analysis on EQR
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.
Further Reading
- Five stocks we like better than Equity Residential
- 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion
- Market Momentum: 3 Stocks Poised for Significant Breakouts
- Stock Average Calculator
- Kinder Morgan’s Uptrend is Only Half Over: New Highs Are Coming
- How to Invest in Blue Chip Stocks
- Momentum Builders: 3 Stocks Positioned to Shine This Quarter
Receive News & Ratings for Equity Residential Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity Residential and related companies with MarketBeat.com's FREE daily email newsletter.