XTX Topco Ltd Acquires Shares of 26,883 Equity Residential (NYSE:EQR)

Key Points

• XTX Topco Ltd has acquired a stake of 26,883 shares in Equity Residential, valued at approximately $1.92 million.
• Equity Residential's recent earnings report showed an EPS of $0.95, exceeding analyst forecasts by $0.02, while revenue increased by 4.1% year-over-year.
• The company declared a quarterly dividend of $0.6925 per share, translating to an annualized dividend of $2.77 and a yield of 4.24%.

XTX Topco Ltd purchased a new position in shares of Equity Residential (NYSE:EQR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 26,883 shares of the real estate investment trust's stock, valued at approximately $1,924,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its holdings in shares of Equity Residential by 51.6% in the first 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 in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in shares of Equity Residential in the fourth quarter valued at approximately $51,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Equity Residential by 27.6% in the first 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 in the last quarter. Continuum Advisory LLC boosted its stake in Equity Residential by 38.8% in the fourth quarter. Continuum Advisory LLC now owns 765 shares of the real estate investment trust's stock valued at $55,000 after acquiring an additional 214 shares during the last quarter. Finally, Parvin Asset Management LLC bought a new position in Equity Residential in the fourth quarter valued at approximately $57,000. Institutional investors own 92.68% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Royal Bank Of Canada raised their price objective 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. Mizuho reduced their price target 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 reduced 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 report on Friday, June 13th. Evercore ISI raised shares of Equity Residential from an "in-line" rating to an "outperform" rating and lifted their price target for the stock from $74.00 to $75.00 in a research report on Monday, July 7th. Finally, UBS Group reduced their price target on shares of Equity Residential from $84.00 to $76.00 and set a "buy" rating on the stock in a research report on Tuesday, July 15th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, Equity Residential presently has a consensus rating of "Moderate Buy" and an average price target of $78.40.

Equity Residential Stock Performance

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

Equity Residential Announces Dividend

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

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.