Achmea Investment Management B.V. Purchases 31,914 Shares of Equity Residential (NYSE:EQR)

Achmea Investment Management B.V. grew its holdings in Equity Residential (NYSE:EQR - Free Report) by 43.3% in the 1st quarter, according to its most recent disclosure 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 period. Achmea Investment Management B.V.'s holdings in Equity Residential were worth $7,558,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Ieq Capital LLC lifted its stake in shares of Equity Residential by 12.3% in the fourth quarter. Ieq Capital LLC now owns 4,426 shares of the real estate investment trust's stock worth $318,000 after buying an additional 485 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Equity Residential by 1.4% in the fourth quarter. Bank of New York Mellon Corp now owns 2,340,238 shares of the real estate investment trust's stock worth $167,936,000 after buying an additional 32,651 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in shares of 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 buying an additional 1,048 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Equity Residential in the fourth quarter worth $5,778,000. Finally, QRG Capital Management Inc. lifted its stake in shares of Equity Residential by 55.2% in the fourth quarter. QRG Capital Management Inc. now owns 171,366 shares of the real estate investment trust's stock worth $12,297,000 after buying an additional 60,942 shares during the last quarter. 92.68% of the stock is owned by institutional investors.

Equity Residential Stock Performance

Equity Residential stock traded up $0.13 on Monday, hitting $67.48. The company's stock had a trading volume of 2,407,850 shares, compared to its average volume of 1,743,230. The firm has a market cap of $25.64 billion, a P/E ratio of 25.76, a price-to-earnings-growth ratio of 3.93 and a beta of 0.90. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.70. The company has a fifty day moving average price of $69.30 and a 200-day moving average price of $69.78. Equity Residential has a one year low of $59.41 and a one year high of $78.84.

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

Equity Residential Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Tuesday, June 24th will be issued a $0.6925 dividend. This represents a $2.77 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend is Tuesday, June 24th. Equity Residential's payout ratio is 105.73%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Scotiabank reduced their price objective on shares of Equity Residential from $82.00 to $78.00 and set a "sector perform" rating for the company in a research note on Friday, June 13th. Wedbush restated a "neutral" rating and issued a $75.00 price objective on shares of Equity Residential in a research note on Wednesday, May 28th. Mizuho reduced their price objective on shares of Equity Residential from $76.00 to $71.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. 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 research note on Monday, March 10th. Finally, Royal Bank Of Canada upped their target price 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 analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $79.25.

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.