IFM Investors Pty Ltd Has $11.67 Million Position in Equity Residential (NYSE:EQR)

IFM Investors Pty Ltd lifted its holdings in Equity Residential (NYSE:EQR - Free Report) by 5.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund 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 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of EQR. Norges Bank bought a new position in shares of Equity Residential in the 4th quarter worth about $2,493,426,000. Northern Trust Corp lifted its position in shares of 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 buying an additional 2,246,555 shares during the last quarter. Invesco Ltd. lifted its position in shares of Equity Residential by 12.0% in the 4th quarter. Invesco Ltd. now owns 6,522,442 shares of the real estate investment trust's stock worth $468,050,000 after buying an additional 696,343 shares during the last quarter. Adelante Capital Management LLC lifted its position in shares of Equity Residential by 172.1% in the 4th quarter. Adelante Capital Management LLC now owns 1,077,337 shares of the real estate investment trust's stock worth $77,310,000 after buying an additional 681,356 shares during the last quarter. Finally, Lasalle Investment Management Securities LLC lifted its position in shares of Equity Residential by 79.1% in the 4th quarter. Lasalle Investment Management Securities LLC now owns 1,161,137 shares of the real estate investment trust's stock worth $83,323,000 after buying an additional 512,723 shares during the last quarter. 92.68% of the stock is currently owned by institutional investors.

Equity Residential Price Performance

Shares of EQR traded down $0.09 during mid-day trading on Tuesday, hitting $66.63. The company's stock had a trading volume of 1,015,015 shares, compared to its average volume of 1,763,121. The firm has a 50-day moving average price of $69.05 and a 200 day moving average price of $69.57. The stock has a market capitalization of $25.32 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 3.90 and a beta of 0.88. 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 has a fifty-two week low of $59.41 and a fifty-two week high of $78.84.

Equity Residential (NYSE:EQR - Get Free Report) last released its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.95 earnings per share 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 quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the firm posted $0.93 earnings per share. On average, research analysts predict that Equity Residential will post 3.98 EPS for the current fiscal year.

Equity Residential Dividend Announcement

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 given a $0.6925 dividend. This represents a $2.77 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend is Tuesday, June 24th. Equity Residential's dividend payout ratio (DPR) is currently 105.73%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on EQR shares. Wedbush reiterated a "neutral" rating and issued a $75.00 price objective on shares of Equity Residential in a research report on Wednesday, May 28th. Barclays lifted their price objective on shares of Equity Residential from $79.00 to $83.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Mizuho cut their price objective on shares of Equity Residential from $76.00 to $71.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Scotiabank cut their price objective on shares of Equity Residential from $82.00 to $78.00 and set a "sector perform" rating on the stock in a research report on Friday, June 13th. Finally, Truist Financial boosted their price target on shares of Equity Residential from $76.00 to $78.00 and gave the stock a "buy" rating in a research report on Monday, March 10th. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Equity Residential presently has an average rating of "Moderate Buy" and an average price target of $79.19.

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.