Equity Residential (NYSE:EQR) Shares Bought by IFM Investors Pty Ltd

IFM Investors Pty Ltd increased its holdings in Equity Residential (NYSE:EQR - Free Report) by 5.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 156,759 shares of the real estate investment trust's stock after buying an additional 7,993 shares during the quarter. IFM Investors Pty Ltd's holdings in Equity Residential were worth $11,672,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SRS Capital Advisors Inc. increased its holdings in Equity Residential by 607.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 361 shares of the real estate investment trust's stock worth $26,000 after buying an additional 310 shares during the period. Versant Capital Management Inc grew its stake in shares of 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 worth $33,000 after purchasing an additional 157 shares during the period. Steward Partners Investment Advisory LLC grew its stake in shares of Equity Residential by 109.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 551 shares of the real estate investment trust's stock worth $40,000 after purchasing an additional 288 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Equity Residential by 38.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 558 shares of the real estate investment trust's stock worth $40,000 after purchasing an additional 156 shares during the period. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Equity Residential during the 4th quarter worth approximately $51,000. Institutional investors and hedge funds own 92.68% of the company's stock.

Analyst Ratings Changes

EQR has been the topic of a number of research analyst reports. Royal Bank Of Canada lifted 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. Stifel Nicolaus dropped their price target on shares of Equity Residential from $82.25 to $80.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Truist Financial lifted their price target 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. Evercore ISI raised shares of Equity Residential from an "in-line" rating to an "outperform" rating and lifted their price target for the company from $74.00 to $75.00 in a research note on Monday. Finally, Scotiabank dropped their price target on shares of Equity Residential from $82.00 to $78.00 and set a "sector perform" rating on the stock in a research note on Friday, June 13th. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Equity Residential has a consensus rating of "Moderate Buy" and an average price target of $79.19.

Equity Residential Trading Down 0.4%

Shares of NYSE EQR traded down $0.30 during trading on Monday, hitting $66.58. 1,420,582 shares of the company were exchanged, compared to its average volume of 1,758,456. Equity Residential has a 12-month low of $59.41 and a 12-month high of $78.84. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.20 and a current ratio of 0.20. The company has a fifty day moving average price of $69.10 and a 200-day moving average price of $69.60. The firm has a market capitalization of $25.30 billion, a PE ratio of 25.41, a P/E/G ratio of 3.90 and a beta of 0.88.

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, 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%. Equity Residential's revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.93 EPS. As a group, equities research analysts expect that Equity Residential will post 3.98 EPS for the current year.

Equity Residential Dividend Announcement

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