Deutsche Bank AG Has $91.53 Million Stock Holdings in Equity Residential (NYSE:EQR)

Deutsche Bank AG raised its holdings in shares of Equity Residential (NYSE:EQR - Free Report) by 27.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,275,494 shares of the real estate investment trust's stock after purchasing an additional 276,645 shares during the period. Deutsche Bank AG owned about 0.34% of Equity Residential worth $91,529,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. lifted its holdings in shares of Equity Residential by 607.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 361 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 310 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Equity Residential during the third quarter valued at about $29,000. Smartleaf Asset Management LLC boosted its holdings in Equity Residential by 38.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 558 shares of the real estate investment trust's stock valued at $40,000 after acquiring an additional 156 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in shares of Equity Residential by 109.5% in the fourth 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 period. Finally, Grove Bank & Trust lifted its stake in shares of Equity Residential by 208.1% in the fourth quarter. Grove Bank & Trust now owns 610 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 412 shares during the period. Institutional investors own 92.68% of the company's stock.

Equity Residential Trading Up 2.5%

Shares of NYSE:EQR traded up $1.76 during midday trading on Thursday, reaching $70.82. 1,772,847 shares of the company's stock were exchanged, compared to its average volume of 1,714,263. The stock has a market cap of $26.91 billion, a price-to-earnings ratio of 26.04, a P/E/G ratio of 3.99 and a beta of 0.89. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.36 and a quick ratio of 0.36. The firm's 50 day simple moving average is $68.84 and its two-hundred day simple moving average is $70.90. Equity Residential has a fifty-two week low of $59.41 and a fifty-two week high of $78.84.

Equity Residential (NYSE:EQR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.02. The company had revenue of $760.81 million during the quarter, compared to analysts' expectations of $769.43 million. Equity Residential had a return on equity of 9.27% and a net margin of 34.76%. The firm's revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 earnings per share. As a group, sell-side analysts forecast that Equity Residential will post 3.98 EPS for the current fiscal year.

Equity Residential Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were issued a dividend of $0.6925 per share. This is an increase from Equity Residential's previous quarterly dividend of $0.68. This represents a $2.77 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend was Monday, March 31st. Equity Residential's dividend payout ratio (DPR) is presently 105.73%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Stifel Nicolaus lowered their price target on shares of Equity Residential from $82.25 to $80.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Wells Fargo & Company cut their price objective on shares of Equity Residential from $77.00 to $75.00 and set an "equal weight" rating on the stock in a research report on Friday, January 24th. Truist Financial upped their target price on shares of Equity Residential from $76.00 to $78.00 and gave the company a "buy" rating in a report on Monday, March 10th. Evercore ISI upped their target price on shares of Equity Residential from $74.00 to $76.00 and gave the company an "in-line" rating in a report on Monday, February 10th. Finally, Royal Bank of Canada upped 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. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, Equity Residential presently has an average rating of "Hold" and an average target price of $79.69.

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.