Sequoia Financial Advisors LLC Has $232,000 Stake in Equity Residential (NYSE:EQR)

Sequoia Financial Advisors LLC increased its stake in shares of Equity Residential (NYSE:EQR) by 6.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,246 shares of the real estate investment trust’s stock after acquiring an additional 191 shares during the period. Sequoia Financial Advisors LLC’s holdings in Equity Residential were worth $232,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in EQR. US Bancorp DE raised its holdings in shares of Equity Residential by 0.7% during the fourth quarter. US Bancorp DE now owns 31,433 shares of the real estate investment trust’s stock worth $2,256,000 after acquiring an additional 219 shares during the period. Smartleaf Asset Management LLC increased its stake in Equity Residential by 38.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 558 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 156 shares during the last quarter. SRS Capital Advisors Inc. increased its stake in Equity Residential by 607.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 361 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 310 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in Equity Residential by 109.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 551 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 288 shares during the last quarter. Finally, State of Michigan Retirement System increased its stake in Equity Residential by 0.7% in the 4th quarter. State of Michigan Retirement System now owns 99,625 shares of the real estate investment trust’s stock valued at $7,149,000 after buying an additional 700 shares during the last quarter. 92.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on EQR. Royal Bank Of Canada lifted their price target on shares of Equity Residential from $75.00 to $76.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. Mizuho lowered their price target on shares of Equity Residential from $76.00 to $71.00 and set a “neutral” rating on the stock in a research note on Friday, May 23rd. Stifel Nicolaus lowered their price target on shares of Equity Residential from $82.25 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Scotiabank lowered their price target on shares of Equity Residential from $82.00 to $78.00 and set a “sector perform” rating on the stock in a research note on Friday, June 13th. Finally, Barclays lifted their price target on shares of Equity Residential from $79.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, May 9th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $79.25.

Equity Residential Stock Down 0.5%

Shares of EQR opened at $66.31 on Friday. Equity Residential has a 52 week low of $59.41 and a 52 week high of $78.84. The firm has a market cap of $25.19 billion, a P/E ratio of 25.31, a price-to-earnings-growth ratio of 3.90 and a beta of 0.88. The firm’s 50-day simple moving average is $69.10 and its 200 day simple moving average is $69.60. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.20 and a current ratio of 0.20.

Equity Residential (NYSE:EQR) last announced its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.02. Equity Residential had a net margin of 33.11% and a return on equity of 8.93%. The business had revenue of $760.81 million for the quarter, compared to analyst estimates of $769.43 million. During the same quarter in the prior year, the business earned $0.93 EPS. Equity Residential’s quarterly revenue was up 4.1% on a year-over-year basis. On average, analysts forecast that Equity Residential will post 3.98 earnings per share for the current year.

Equity Residential Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Tuesday, June 24th will be paid a $0.6925 dividend. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a $2.77 dividend on an annualized basis and a yield of 4.18%. Equity Residential’s dividend payout ratio (DPR) is currently 105.73%.

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.