Equity Residential (NYSE:EQR) Shares Bought by Vident Advisory LLC

Vident Advisory LLC increased its position in Equity Residential (NYSE:EQR) by 12.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,628 shares of the real estate investment trust’s stock after buying an additional 8,122 shares during the quarter. Vident Advisory LLC’s holdings in Equity Residential were worth $4,584,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of EQR. Fidelis Capital Partners LLC acquired a new position in shares of Equity Residential in the 1st quarter worth approximately $27,000. Allworth Financial LP grew its holdings in shares of Equity Residential by 120.8% during the fourth quarter. Allworth Financial LP now owns 488 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 267 shares in the last quarter. Voisard Asset Management Group Inc. acquired a new position in Equity Residential during the fourth quarter valued at $33,000. AdvisorNet Financial Inc acquired a new stake in Equity Residential during the 4th quarter worth about $34,000. Finally, Richardson Financial Services Inc. purchased a new position in Equity Residential during the 1st quarter valued at about $41,000. Institutional investors own 92.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Piper Sandler raised shares of Equity Residential from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $70.00 to $80.00 in a research report on Friday, June 28th. Truist Financial increased their target price on shares of Equity Residential from $67.00 to $73.00 and gave the stock a “buy” rating in a research report on Monday, June 24th. Wells Fargo & Company boosted their price target on shares of Equity Residential from $66.00 to $69.00 and gave the company an “overweight” rating in a report on Friday, May 31st. Wedbush reiterated a “neutral” rating and set a $68.00 price objective on shares of Equity Residential in a report on Monday, April 29th. Finally, Mizuho boosted their target price on Equity Residential from $61.00 to $64.00 and gave the company a “neutral” rating in a research note on Thursday, May 30th. Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Equity Residential currently has an average rating of “Hold” and an average price target of $69.53.

Insiders Place Their Bets

In other news, CFO Robert Garechana sold 6,357 shares of the company’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $69.08, for a total transaction of $439,141.56. Following the transaction, the chief financial officer now owns 14,576 shares of the company’s stock, valued at $1,006,910.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.00% of the company’s stock.

Equity Residential Price Performance

NYSE EQR traded up $1.06 during trading hours on Friday, reaching $70.58. 294,026 shares of the company’s stock were exchanged, compared to its average volume of 1,924,395. The firm has a fifty day moving average of $67.32 and a 200-day moving average of $63.84. Equity Residential has a one year low of $52.57 and a one year high of $71.40. The stock has a market cap of $26.79 billion, a PE ratio of 28.85, a price-to-earnings-growth ratio of 4.02 and a beta of 0.87. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.64.

Equity Residential (NYSE:EQR) last posted its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. Equity Residential had a return on equity of 8.18% and a net margin of 31.70%. The company had revenue of $730.80 million for the quarter, compared to analyst estimates of $728.09 million. During the same quarter in the previous year, the firm earned $0.87 earnings per share. The business’s revenue was up 3.6% on a year-over-year basis. On average, equities research analysts predict that Equity Residential will post 3.87 earnings per share for the current fiscal year.

Equity Residential Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Monday, July 1st were given a dividend of $0.675 per share. The ex-dividend date was Monday, July 1st. This represents a $2.70 annualized dividend and a yield of 3.83%. Equity Residential’s dividend payout ratio (DPR) is 112.03%.

About Equity Residential

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.