TD Asset Management Inc Acquires 32,236 Shares of Equity Residential (NYSE:EQR)

TD Asset Management Inc grew its position in shares of Equity Residential (NYSE:EQR - Free Report) by 16.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 226,617 shares of the real estate investment trust's stock after purchasing an additional 32,236 shares during the period. TD Asset Management Inc owned about 0.06% of Equity Residential worth $16,221,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in EQR. Versant Capital Management Inc increased its holdings in Equity Residential by 51.6% during the 1st quarter. Versant Capital Management Inc now owns 461 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 157 shares during the period. Kapitalo Investimentos Ltda purchased a new position in Equity Residential during the 4th quarter valued at about $51,000. MassMutual Private Wealth & Trust FSB increased its holdings in Equity Residential by 27.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 740 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 160 shares during the period. Continuum Advisory LLC increased its holdings in Equity Residential by 38.8% during the 4th quarter. Continuum Advisory LLC now owns 765 shares of the real estate investment trust's stock valued at $55,000 after purchasing an additional 214 shares during the period. Finally, Parvin Asset Management LLC purchased a new position in Equity Residential during the 4th quarter valued at about $57,000. Institutional investors own 92.68% of the company's stock.

Equity Residential Trading Down 0.7%

Shares of NYSE:EQR traded down $0.45 during trading hours on Friday, hitting $62.75. 3,720,115 shares of the company's stock traded hands, compared to its average volume of 1,889,863. Equity Residential has a 1 year low of $59.41 and a 1 year high of $78.83. The business has a fifty day moving average price of $67.70 and a 200-day moving average price of $69.11. The firm has a market capitalization of $23.84 billion, a P/E ratio of 23.95, a price-to-earnings-growth ratio of 3.24 and a beta of 0.92. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.20 and a quick ratio of 0.20.

Equity Residential Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Tuesday, June 24th were given a dividend of $0.6925 per share. This represents a $2.77 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Tuesday, June 24th. Equity Residential's payout ratio is 105.73%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. UBS Group reduced their target price on Equity Residential from $84.00 to $76.00 and set a "buy" rating on the stock in a report on Tuesday, July 15th. Stifel Nicolaus reduced their target price on Equity Residential from $82.25 to $80.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Wedbush reiterated a "neutral" rating and set a $75.00 target price on shares of Equity Residential in a report on Wednesday, May 28th. 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. Finally, Royal Bank Of Canada upped their target price on Equity Residential from $75.00 to $76.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $78.40.

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.