Toroso Investments LLC Buys 2,210 Shares of Equity Residential (NYSE:EQR)

Toroso Investments LLC boosted its stake in Equity Residential (NYSE:EQR – Get Rating) by 7.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,104 shares of the real estate investment trust’s stock after purchasing an additional 2,210 shares during the period. Toroso Investments LLC’s holdings in Equity Residential were worth $2,158,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its position in Equity Residential by 290.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 410 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 305 shares during the period. Guardian Wealth Advisors LLC purchased a new position in shares of Equity Residential during the 3rd quarter worth $41,000. CVA Family Office LLC boosted its stake in shares of Equity Residential by 84.0% during the 3rd quarter. CVA Family Office LLC now owns 690 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 315 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Equity Residential by 32.2% during the 3rd quarter. IFP Advisors Inc now owns 776 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 189 shares during the last quarter. Finally, Alta Advisers Ltd purchased a new position in shares of Equity Residential during the 3rd quarter worth $81,000. Institutional investors own 82.62% of the company’s stock.

Equity Residential Stock Performance

Equity Residential stock opened at $58.91 on Friday. The company’s 50-day moving average price is $62.56 and its 200-day moving average price is $64.10. Equity Residential has a twelve month low of $57.38 and a twelve month high of $94.32. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.65. The company has a market cap of $22.30 billion, a PE ratio of 28.60, a price-to-earnings-growth ratio of 3.01 and a beta of 0.80.

Equity Residential Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Monday, March 27th will be issued a $0.6625 dividend. This is an increase from Equity Residential’s previous quarterly dividend of $0.63. This represents a $2.65 dividend on an annualized basis and a dividend yield of 4.50%. Equity Residential’s payout ratio is 121.36%.

Analysts Set New Price Targets

EQR has been the topic of several analyst reports. Truist Financial lifted their price target on shares of Equity Residential from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, March 10th. Mizuho lifted their price target on shares of Equity Residential from $67.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, February 23rd. Argus upgraded shares of Equity Residential from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research note on Thursday, November 17th. BMO Capital Markets cut shares of Equity Residential from a “market perform” rating to an “underperform” rating and lowered their target price for the company from $70.00 to $61.00 in a research note on Friday, December 16th. Finally, BTIG Research cut shares of Equity Residential from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 11th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Equity Residential presently has a consensus rating of “Hold” and an average target price of $72.00.

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.