Vident Advisory LLC Acquires 17,728 Shares of Equity Residential (NYSE:EQR)

Vident Advisory LLC grew its holdings in shares of Equity Residential (NYSE:EQR - Free Report) by 24.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,382 shares of the real estate investment trust's stock after buying an additional 17,728 shares during the quarter. Vident Advisory LLC's holdings in Equity Residential were worth $6,558,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Sophron Capital Management L.P. bought a new stake in Equity Residential during the 4th quarter worth about $15,663,000. Wexford Capital LP acquired a new position in shares of Equity Residential during the 4th quarter worth about $215,000. Two Sigma Advisers LP increased its stake in shares of Equity Residential by 11.9% during the 4th quarter. Two Sigma Advisers LP now owns 13,200 shares of the real estate investment trust's stock worth $947,000 after purchasing an additional 1,400 shares during the last quarter. Tidal Investments LLC increased its stake in shares of Equity Residential by 9.1% during the 4th quarter. Tidal Investments LLC now owns 141,023 shares of the real estate investment trust's stock worth $10,034,000 after purchasing an additional 11,765 shares during the last quarter. Finally, Starwood Capital Group Management L.L.C. increased its stake in shares of Equity Residential by 26.2% during the 4th quarter. Starwood Capital Group Management L.L.C. now owns 339,338 shares of the real estate investment trust's stock worth $24,351,000 after purchasing an additional 70,500 shares during the last quarter. 92.68% of the stock is owned by institutional investors.

Equity Residential Stock Performance

Shares of NYSE:EQR opened at $71.35 on Tuesday. The company's 50 day moving average price is $68.92 and its two-hundred day moving average price is $70.86. Equity Residential has a 12-month low of $59.41 and a 12-month high of $78.84. The firm has a market cap of $27.11 billion, a PE ratio of 26.23, a PEG ratio of 3.99 and a beta of 0.89. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.72.

Equity Residential (NYSE:EQR - Get Free Report) last announced its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.02. Equity Residential had a net margin of 34.76% and a return on equity of 9.27%. The firm had revenue of $760.81 million for the quarter, compared to analyst estimates of $769.43 million. During the same quarter in the prior year, the business posted $0.93 EPS. The business's revenue was up 4.1% compared to the same quarter last year. Equities research analysts predict that Equity Residential will post 3.98 earnings per share for the current year.

Equity Residential Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were given a dividend of $0.6925 per share. This represents a $2.77 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date was Monday, March 31st. This is a positive change from Equity Residential's previous quarterly dividend of $0.68. Equity Residential's dividend payout ratio is presently 105.73%.

Analyst Ratings Changes

Several research firms have recently weighed in on EQR. Truist Financial boosted their price objective on shares of Equity Residential from $76.00 to $78.00 and gave the stock a "buy" rating in a research note on Monday, March 10th. Evercore ISI boosted their price objective on shares of Equity Residential from $74.00 to $76.00 and gave the stock an "in-line" rating in a research note on Monday, February 10th. Scotiabank boosted their price objective on shares of Equity Residential from $79.00 to $82.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Royal Bank of Canada boosted their price objective on shares of Equity Residential from $75.00 to $76.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Finally, Barclays boosted their price objective on shares of Equity Residential from $79.00 to $83.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $79.69.

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.

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