Equity Residential (NYSE:EQR) Shares Purchased by Achmea Investment Management B.V.

Achmea Investment Management B.V. lifted its position in shares of Equity Residential (NYSE:EQR - Free Report) by 43.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,584 shares of the real estate investment trust's stock after acquiring an additional 31,914 shares during the quarter. Achmea Investment Management B.V.'s holdings in Equity Residential were worth $7,558,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Norges Bank purchased a new stake in shares of Equity Residential in the fourth quarter valued at approximately $2,493,426,000. Northern Trust Corp increased its holdings in Equity Residential by 53.1% in the 4th quarter. Northern Trust Corp now owns 6,476,004 shares of the real estate investment trust's stock worth $464,718,000 after acquiring an additional 2,246,555 shares in the last quarter. Invesco Ltd. raised its position in Equity Residential by 12.0% during the fourth quarter. Invesco Ltd. now owns 6,522,442 shares of the real estate investment trust's stock worth $468,050,000 after acquiring an additional 696,343 shares during the period. Adelante Capital Management LLC lifted its holdings in Equity Residential by 172.1% during the fourth quarter. Adelante Capital Management LLC now owns 1,077,337 shares of the real estate investment trust's stock valued at $77,310,000 after purchasing an additional 681,356 shares in the last quarter. Finally, Lasalle Investment Management Securities LLC grew its position in shares of Equity Residential by 79.1% in the fourth quarter. Lasalle Investment Management Securities LLC now owns 1,161,137 shares of the real estate investment trust's stock valued at $83,323,000 after purchasing an additional 512,723 shares during the period. 92.68% of the stock is currently owned by institutional investors and hedge funds.

Equity Residential Trading Down 0.5%

Equity Residential stock traded down $0.34 during mid-day trading on Tuesday, hitting $67.15. The company's stock had a trading volume of 3,033,699 shares, compared to its average volume of 1,748,420. The stock's fifty day moving average is $69.30 and its two-hundred day moving average is $69.74. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $25.51 billion, a PE ratio of 25.63, a price-to-earnings-growth ratio of 3.93 and a beta of 0.90. Equity Residential has a 1 year low of $59.41 and a 1 year 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 (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.02. Equity Residential had a return on equity of 8.93% and a net margin of 33.11%. The firm had revenue of $760.81 million during the quarter, compared to the consensus estimate of $769.43 million. During the same period last year, the company earned $0.93 EPS. The company's quarterly revenue was up 4.1% on a year-over-year basis. On average, analysts anticipate that Equity Residential will post 3.98 EPS for the current year.

Equity Residential Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Tuesday, June 24th will be given a $0.6925 dividend. This represents a $2.77 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date is Tuesday, June 24th. Equity Residential's payout ratio is 105.73%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EQR. Stifel Nicolaus reduced their price target 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 target price on Equity Residential from $76.00 to $78.00 and gave the company a "buy" rating in a research report on Monday, March 10th. Royal Bank Of Canada lifted their price target on Equity Residential from $75.00 to $76.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Wedbush reissued a "neutral" rating and issued a $75.00 price objective on shares of Equity Residential in a research note on Wednesday, May 28th. Finally, Scotiabank decreased their price objective on Equity Residential from $82.00 to $78.00 and set a "sector perform" rating on the stock in a report on Friday, June 13th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $79.25.

Equity Residential 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.