Equity Residential (NYSE:EQR) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in shares of Equity Residential (NYSE:EQR - Free Report) by 44.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,699 shares of the real estate investment trust's stock after purchasing an additional 6,359 shares during the quarter. SG Americas Securities LLC's holdings in Equity Residential were worth $1,482,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Empowered Funds LLC increased its holdings in Equity Residential by 8.2% in the fourth quarter. Empowered Funds LLC now owns 7,263 shares of the real estate investment trust's stock valued at $516,000 after buying an additional 550 shares in the last quarter. Principal Securities Inc. grew its position in shares of Equity Residential by 33.3% during the 4th quarter. Principal Securities Inc. now owns 2,540 shares of the real estate investment trust's stock valued at $182,000 after acquiring an additional 634 shares during the period. State of New Jersey Common Pension Fund D increased its stake in shares of Equity Residential by 3.0% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 156,083 shares of the real estate investment trust's stock valued at $11,201,000 after purchasing an additional 4,500 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Equity Residential by 2.0% in the fourth quarter. Principal Financial Group Inc. now owns 7,897,863 shares of the real estate investment trust's stock valued at $566,749,000 after purchasing an additional 152,248 shares during the period. Finally, Catalyst Capital Advisors LLC increased its position in shares of Equity Residential by 401.4% in the fourth quarter. Catalyst Capital Advisors LLC now owns 1,088 shares of the real estate investment trust's stock valued at $78,000 after buying an additional 871 shares in the last quarter. 92.68% of the stock is owned by hedge funds and other institutional investors.

Equity Residential Trading Down 0.5%

EQR traded down $0.38 during trading hours on Tuesday, reaching $68.72. The company's stock had a trading volume of 1,667,374 shares, compared to its average volume of 1,717,647. The stock has a market cap of $26.11 billion, a PE ratio of 17.72, a P/E/G ratio of 4.03 and a beta of 0.90. Equity Residential has a fifty-two week low of $59.41 and a fifty-two week high of $78.84. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.20 and a quick ratio of 0.20. The business's 50-day moving average is $69.06 and its 200-day moving average is $70.13.

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 EPS for the quarter, beating the consensus estimate of $0.93 by $0.02. The business had revenue of $760.81 million for the quarter, compared to analyst estimates of $769.43 million. Equity Residential had a return on equity of 8.93% and a net margin of 33.11%. The company's quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.93 EPS. As a group, equities research analysts predict that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Equity Residential Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Tuesday, June 24th will be given a dividend of $0.6925 per share. This represents a $2.77 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date of this dividend is Tuesday, June 24th. Equity Residential's dividend payout ratio is presently 105.73%.

Wall Street Analysts Forecast Growth

EQR has been the topic of a number of research analyst reports. 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. Wedbush reissued a "neutral" rating and set a $75.00 target price on shares of Equity Residential in a research note on Wednesday, May 28th. Mizuho reduced their price target on shares of Equity Residential from $76.00 to $71.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Scotiabank lowered 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. Finally, Truist Financial boosted their price objective on Equity Residential from $76.00 to $78.00 and gave the stock a "buy" rating in a research note on Monday, March 10th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $79.25.

About Equity Residential

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.