Robeco Institutional Asset Management B.V. Sells 327,098 Shares of Equity Residential (NYSE:EQR)

Robeco Institutional Asset Management B.V. lowered its stake in shares of Equity Residential (NYSE:EQR - Free Report) by 53.1% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 288,702 shares of the real estate investment trust's stock after selling 327,098 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.08% of Equity Residential worth $20,665,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Oppenheimer & Co. Inc. raised its position in Equity Residential by 4.4% in the fourth quarter. Oppenheimer & Co. Inc. now owns 24,682 shares of the real estate investment trust's stock worth $1,771,000 after purchasing an additional 1,048 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Equity Residential in the 4th quarter valued at $5,778,000. US Bancorp DE grew its position in Equity Residential by 0.7% in the fourth quarter. US Bancorp DE now owns 31,433 shares of the real estate investment trust's stock valued at $2,256,000 after acquiring an additional 219 shares during the period. Metis Global Partners LLC raised its stake in Equity Residential by 9.1% during the fourth quarter. Metis Global Partners LLC now owns 55,824 shares of the real estate investment trust's stock worth $4,006,000 after acquiring an additional 4,657 shares in the last quarter. Finally, Aew Capital Management L P lifted its holdings in shares of Equity Residential by 4.4% during the fourth quarter. Aew Capital Management L P now owns 334,731 shares of the real estate investment trust's stock valued at $24,020,000 after acquiring an additional 14,230 shares during the period. Institutional investors own 92.68% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EQR. Stifel Nicolaus dropped their target price on shares of Equity Residential from $82.25 to $80.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Truist Financial raised their price objective on shares of Equity Residential from $76.00 to $78.00 and gave the stock a "buy" rating in a report on Monday, March 10th. Mizuho reduced their target price on Equity Residential from $76.00 to $71.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Barclays increased their price target on Equity Residential from $79.00 to $83.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Finally, Royal Bank Of Canada raised their price target on Equity Residential from $75.00 to $76.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Equity Residential has an average rating of "Hold" and an average price target of $79.25.

Equity Residential Price Performance

Shares of NYSE EQR traded down $0.70 during mid-day trading on Wednesday, hitting $66.57. 961,744 shares of the stock traded hands, compared to its average volume of 1,748,919. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.20 and a quick ratio of 0.20. The company has a market cap of $25.29 billion, a PE ratio of 25.43, a price-to-earnings-growth ratio of 3.94 and a beta of 0.88. Equity Residential has a twelve month low of $59.41 and a twelve month high of $78.84. The firm has a 50 day simple moving average of $69.26 and a two-hundred day simple moving average of $69.72.

Equity Residential (NYSE:EQR - Get Free Report) last posted its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.95 EPS for the quarter, topping the consensus estimate of $0.93 by $0.02. The business had revenue of $760.81 million for the quarter, compared to the consensus estimate of $769.43 million. Equity Residential had a net margin of 33.11% and a return on equity of 8.93%. The firm's revenue was up 4.1% compared to the same quarter last year. During the same period last year, the company earned $0.93 EPS. As a group, equities research analysts forecast that Equity Residential will post 3.98 EPS for the current fiscal year.

Equity Residential Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Tuesday, June 24th will be given a dividend of $0.6925 per share. The ex-dividend date is Tuesday, June 24th. This represents a $2.77 dividend on an annualized basis and a dividend yield of 4.16%. Equity Residential's dividend payout ratio (DPR) is 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.