Caisse DE Depot ET Placement DU Quebec Invests $4.97 Million in Equity Residential (NYSE:EQR)

Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Equity Residential (NYSE:EQR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 66,676 shares of the real estate investment trust’s stock, valued at approximately $4,965,000.

Several other large investors have also recently bought and sold shares of EQR. FMR LLC increased its holdings 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 valued at $576,804,000 after purchasing an additional 1,741,840 shares during the period. Principal Financial Group Inc. increased its stake in Equity Residential by 8.3% in 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 during the period. Canada Pension Plan Investment Board lifted its position in Equity Residential by 1.2% in the 2nd quarter. Canada Pension Plan Investment Board now owns 5,001,360 shares of the real estate investment trust’s stock worth $346,794,000 after buying an additional 60,000 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Equity Residential by 806.4% during the 3rd 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 valued at $317,136,000 after buying an additional 3,789,234 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Equity Residential by 3.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,008,341 shares of the real estate investment trust’s stock valued at $298,461,000 after acquiring an additional 124,795 shares in the last quarter. 92.68% of the stock is owned by institutional investors and hedge funds.

Equity Residential Trading Down 1.9 %

Shares of Equity Residential stock opened at $75.24 on Tuesday. The company has a market cap of $28.55 billion, a price-to-earnings ratio of 30.84, a PEG ratio of 6.22 and a beta of 0.90. Equity Residential has a 1 year low of $57.33 and a 1 year high of $78.83. The company’s fifty day simple moving average is $74.10 and its 200-day simple moving average is $71.45. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.76.

Equity Residential Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Tuesday, September 24th were issued a dividend of $0.675 per share. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $2.70 annualized dividend and a dividend yield of 3.59%. Equity Residential’s payout ratio is 110.66%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Truist Financial lifted their price objective on Equity Residential from $73.00 to $77.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Scotiabank reduced their price target on Equity Residential from $81.00 to $78.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. JPMorgan Chase & Co. increased their price objective on Equity Residential from $68.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. BNP Paribas began coverage on shares of Equity Residential in a research note on Wednesday, September 11th. They issued an “outperform” rating and a $83.00 target price for the company. Finally, 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 research report on Friday, November 1st. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Equity Residential presently has a consensus rating of “Hold” and a consensus price target of $77.25.

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.