Equity Residential (NYSE:EQR) Position Boosted by Farther Finance Advisors LLC

Farther Finance Advisors LLC boosted its position in Equity Residential (NYSE:EQR) by 66.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,463 shares of the real estate investment trust’s stock after buying an additional 984 shares during the quarter. Farther Finance Advisors LLC’s holdings in Equity Residential were worth $183,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in Equity Residential by 482.3% during the 2nd quarter. Principal Financial Group Inc. now owns 7,153,749 shares of the real estate investment trust’s stock valued at $496,040,000 after purchasing an additional 5,925,177 shares during the period. National Bank of Canada FI grew its stake in shares of Equity Residential by 679.0% in the second quarter. National Bank of Canada FI now owns 594,774 shares of the real estate investment trust’s stock worth $40,528,000 after purchasing an additional 518,424 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Equity Residential by 39.6% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,676,445 shares of the real estate investment trust’s stock valued at $116,245,000 after purchasing an additional 475,124 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Equity Residential by 1.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,267,675 shares of the real estate investment trust’s stock valued at $1,279,095,000 after purchasing an additional 381,236 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in Equity Residential by 20.7% in the second quarter. American Century Companies Inc. now owns 2,180,190 shares of the real estate investment trust’s stock worth $151,174,000 after purchasing an additional 373,229 shares during the period. Institutional investors and hedge funds own 92.68% of the company’s stock.

Analysts Set New Price Targets

EQR has been the topic of several recent analyst reports. Royal Bank of Canada dropped their target price on Equity Residential from $83.00 to $79.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Scotiabank upped their price objective on Equity Residential from $77.00 to $81.00 and gave the company a “sector perform” rating in a report on Monday, September 16th. Truist Financial lifted their target price on Equity Residential from $73.00 to $77.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Evercore ISI upped their price target on shares of Equity Residential from $75.00 to $76.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Finally, Piper Sandler lifted their price objective on shares of Equity Residential from $80.00 to $85.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Twelve equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $76.19.

Equity Residential Price Performance

Shares of NYSE:EQR opened at $73.53 on Monday. Equity Residential has a 1 year low of $53.48 and a 1 year high of $78.83. The business has a fifty day simple moving average of $74.48 and a 200 day simple moving average of $70.45. The company has a current ratio of 0.13, a quick ratio of 0.21 and a debt-to-equity ratio of 0.76. The firm has a market cap of $27.90 billion, a price-to-earnings ratio of 30.14, a P/E/G ratio of 5.96 and a beta of 0.90.

Equity Residential Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Tuesday, September 24th were given a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend was Tuesday, September 24th. Equity Residential’s dividend payout ratio is 110.66%.

About Equity Residential

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.