Barclays PLC Cuts Holdings in Equity Residential (NYSE:EQR)

Barclays PLC decreased its position in shares of Equity Residential (NYSE:EQRGet Rating) by 20.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 456,050 shares of the real estate investment trust’s stock after selling 114,855 shares during the period. Barclays PLC owned approximately 0.12% of Equity Residential worth $30,655,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in EQR. Principal Financial Group Inc. lifted its stake in Equity Residential by 369.7% in the second quarter. Principal Financial Group Inc. now owns 2,025,015 shares of the real estate investment trust’s stock worth $146,246,000 after purchasing an additional 1,593,884 shares during the last quarter. Long Pond Capital LP bought a new stake in Equity Residential in the second quarter worth about $73,962,000. Invesco Ltd. lifted its stake in Equity Residential by 34.9% in the first quarter. Invesco Ltd. now owns 3,647,722 shares of the real estate investment trust’s stock worth $328,002,000 after purchasing an additional 943,870 shares during the last quarter. Echo Street Capital Management LLC lifted its stake in Equity Residential by 264.6% in the second quarter. Echo Street Capital Management LLC now owns 1,060,679 shares of the real estate investment trust’s stock worth $76,602,000 after purchasing an additional 769,773 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Equity Residential by 38.7% in the second quarter. Goldman Sachs Group Inc. now owns 2,341,522 shares of the real estate investment trust’s stock worth $169,105,000 after purchasing an additional 652,761 shares during the last quarter. Institutional investors own 82.62% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on EQR. Jefferies Financial Group decreased their price objective on shares of Equity Residential from $72.00 to $64.00 and set a “hold” rating for the company in a research note on Wednesday, October 19th. BMO Capital Markets downgraded shares of Equity Residential from a “market perform” rating to an “underperform” rating and decreased their price target for the company from $70.00 to $61.00 in a research note on Friday, December 16th. Credit Suisse Group downgraded shares of Equity Residential from an “outperform” rating to a “neutral” rating and set a $58.00 price target for the company. in a research note on Monday, January 9th. StockNews.com initiated coverage on shares of Equity Residential in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Finally, The Goldman Sachs Group decreased their price target on shares of Equity Residential from $86.00 to $74.00 and set a “neutral” rating for the company in a research note on Tuesday, October 18th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $71.56.

Equity Residential Price Performance

NYSE EQR opened at $61.33 on Monday. The firm’s fifty day simple moving average is $61.28 and its two-hundred day simple moving average is $67.28. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.67. Equity Residential has a 12-month low of $57.38 and a 12-month high of $94.32. The firm has a market capitalization of $23.18 billion, a P/E ratio of 20.17, a P/E/G ratio of 2.48 and a beta of 0.78.

Equity Residential Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Tuesday, January 3rd were issued a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 4.08%. The ex-dividend date of this dividend was Friday, December 30th. Equity Residential’s dividend payout ratio is currently 82.24%.

Insiders Place Their Bets

In other news, Director David J. Neithercut sold 40,000 shares of the business’s stock in a transaction on Thursday, December 8th. The shares were sold at an average price of $62.75, for a total transaction of $2,510,000.00. Following the sale, the director now directly owns 3,392 shares of the company’s stock, valued at $212,848. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.30% of the company’s stock.

Equity Residential Profile

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Equity Residential operates as a real estate investment trust. It engages in the acquisition, development, and management of rental apartment properties, which includes the generation of rental and other related income through the leasing of apartment units to residents. The company was founded by Robert H.

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Institutional Ownership by Quarter for Equity Residential (NYSE:EQR)

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