Huntington National Bank Acquires 286 Shares of Equity Residential (NYSE:EQR)

Huntington National Bank raised its holdings in Equity Residential (NYSE:EQR) by 10.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,003 shares of the real estate investment trust’s stock after acquiring an additional 286 shares during the quarter. Huntington National Bank’s holdings in Equity Residential were worth $215,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of EQR. SRS Capital Advisors Inc. grew its holdings in shares of Equity Residential by 607.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 361 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 310 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Equity Residential in the 3rd quarter worth about $29,000. Continuum Advisory LLC purchased a new position in shares of Equity Residential during the third quarter worth approximately $40,000. Steward Partners Investment Advisory LLC raised its stake in shares of Equity Residential by 109.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 551 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 288 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Equity Residential by 38.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 558 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 156 shares during the period. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Wall Street Analyst Weigh In

EQR has been the topic of several research reports. Evercore ISI raised their price objective on Equity Residential from $74.00 to $76.00 and gave the stock an “in-line” rating in a report on Monday, February 10th. Wells Fargo & Company decreased their price objective on Equity Residential from $77.00 to $75.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Scotiabank increased their target price on shares of Equity Residential from $78.00 to $79.00 and gave the stock a “sector perform” rating in a report on Friday, February 14th. Truist Financial boosted their price target on shares of Equity Residential from $76.00 to $78.00 and gave the company a “buy” rating in a report on Monday, March 10th. Finally, Stifel Nicolaus set a $82.25 price objective on shares of Equity Residential in a research note on Tuesday, February 4th. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Equity Residential currently has a consensus rating of “Hold” and a consensus price target of $78.51.

Insiders Place Their Bets

In other Equity Residential news, CAO Ian Kaufman sold 642 shares of Equity Residential stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $72.06, for a total transaction of $46,262.52. Following the completion of the sale, the chief accounting officer now owns 25,539 shares of the company’s stock, valued at approximately $1,840,340.34. The trade was a 2.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Scott Fenster sold 5,340 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $72.06, for a total value of $384,800.40. Following the completion of the transaction, the executive vice president now directly owns 35,507 shares in the company, valued at $2,558,634.42. This represents a 13.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,763 shares of company stock valued at $1,424,217. Insiders own 1.00% of the company’s stock.

Equity Residential Price Performance

Shares of NYSE EQR opened at $63.69 on Friday. Equity Residential has a fifty-two week low of $59.48 and a fifty-two week high of $78.84. The company has a market cap of $24.18 billion, a PE ratio of 23.42, a P/E/G ratio of 3.99 and a beta of 0.91. 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 business has a 50-day simple moving average of $70.99 and a two-hundred day simple moving average of $72.21.

Equity Residential Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be paid a $0.6925 dividend. The ex-dividend date is Monday, March 31st. This is a boost from Equity Residential’s previous quarterly dividend of $0.68. This represents a $2.77 dividend on an annualized basis and a yield of 4.35%. Equity Residential’s dividend payout ratio (DPR) is 101.84%.

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.