Equity Residential (NYSE:EQR) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its position in shares of Equity Residential (NYSE:EQRGet Rating) by 12.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,689 shares of the real estate investment trust’s stock after buying an additional 745 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Equity Residential were worth $450,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. American Assets Investment Management LLC raised its stake in Equity Residential by 12.5% in the 3rd quarter. American Assets Investment Management LLC now owns 90,000 shares of the real estate investment trust’s stock valued at $6,050,000 after purchasing an additional 10,000 shares during the last quarter. Texas Permanent School Fund raised its stake in Equity Residential by 6.0% in the 3rd quarter. Texas Permanent School Fund now owns 47,896 shares of the real estate investment trust’s stock valued at $3,220,000 after purchasing an additional 2,697 shares during the last quarter. AE Wealth Management LLC raised its stake in Equity Residential by 3.0% in the 3rd quarter. AE Wealth Management LLC now owns 8,228 shares of the real estate investment trust’s stock valued at $553,000 after purchasing an additional 242 shares during the last quarter. Xponance Inc. raised its stake in Equity Residential by 16.2% in the 3rd quarter. Xponance Inc. now owns 37,526 shares of the real estate investment trust’s stock valued at $2,522,000 after purchasing an additional 5,244 shares during the last quarter. Finally, RB Capital Management LLC raised its stake in Equity Residential by 6.8% in the 3rd quarter. RB Capital Management LLC now owns 14,887 shares of the real estate investment trust’s stock valued at $1,001,000 after purchasing an additional 943 shares during the last quarter. Institutional investors and hedge funds own 82.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. BMO Capital Markets downgraded shares of Equity Residential from a “market perform” rating to an “underperform” rating and cut their target price for the company from $70.00 to $61.00 in a research note on Friday, December 16th. Barclays dropped their price objective on shares of Equity Residential from $88.00 to $70.00 and set an “equal weight” rating for the company in a research note on Thursday, November 10th. Credit Suisse Group downgraded shares of Equity Residential from an “outperform” rating to a “neutral” rating and set a $58.00 price objective for the company. in a research note on Monday, January 9th. Mizuho dropped their price objective on shares of Equity Residential from $77.00 to $66.00 and set a “buy” rating for the company in a research note on Thursday, November 10th. Finally, Piper Sandler dropped their price objective on shares of Equity Residential from $70.00 to $62.00 and set an “underweight” rating for the company in a research note on Friday, October 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Equity Residential has an average rating of “Hold” and an average price target of $71.56.

Equity Residential Stock Up 0.4 %

Shares of NYSE:EQR opened at $61.60 on Tuesday. The stock has a market capitalization of $23.28 billion, a P/E ratio of 20.26, a PEG ratio of 2.48 and a beta of 0.78. Equity Residential has a 1 year low of $57.38 and a 1 year high of $94.32. The stock has a 50-day simple moving average of $61.28 and a 200-day simple moving average of $67.20. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.20 and a current ratio of 0.20.

Equity Residential Announces Dividend

The business 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 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date of this dividend was Friday, December 30th. Equity Residential’s dividend payout ratio is presently 82.24%.

Insiders Place Their Bets

In other Equity Residential news, Director David J. Neithercut sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, December 8th. The stock was sold at an average price of $62.75, for a total value of $2,510,000.00. Following the completion of the transaction, the director now owns 3,392 shares in the company, valued at approximately $212,848. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is owned by company insiders.

About Equity Residential

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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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