Tokio Marine Asset Management Co. Ltd. Raises Holdings in Equity Residential (NYSE:EQR)

Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Equity Residential (NYSE:EQR) by 4.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,807 shares of the real estate investment trust’s stock after acquiring an additional 405 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Equity Residential were worth $730,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Maryland Capital Advisors Inc. purchased a new stake in shares of Equity Residential during the 3rd quarter worth about $25,000. Assetmark Inc. raised its holdings in Equity Residential by 2,529.4% in the 3rd quarter. Assetmark Inc. now owns 447 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 430 shares during the period. UMB Bank n.a. boosted its position in Equity Residential by 69.6% during the third quarter. UMB Bank n.a. now owns 475 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 195 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in Equity Residential by 41.9% in the second quarter. Massmutual Trust Co. FSB ADV now owns 525 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 155 shares during the period. Finally, HHM Wealth Advisors LLC increased its position in shares of Equity Residential by 146.6% in the second quarter. HHM Wealth Advisors LLC now owns 550 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 327 shares in the last quarter. 92.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EQR. Truist Financial upped their price objective on shares of Equity Residential from $73.00 to $77.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. The Goldman Sachs Group initiated coverage on shares of Equity Residential in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $81.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on Equity Residential from $68.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Royal Bank of Canada decreased their target price on Equity Residential from $83.00 to $79.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, Evercore ISI boosted their price target on Equity Residential from $75.00 to $76.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $77.25.

Equity Residential Price Performance

NYSE:EQR opened at $73.59 on Friday. Equity Residential has a 52 week low of $54.53 and a 52 week high of $78.83. The stock’s fifty day moving average is $74.32 and its two-hundred day moving average is $70.71. The company has a market capitalization of $27.92 billion, a P/E ratio of 30.16, a P/E/G ratio of 6.07 and a beta of 0.90. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.76.

Equity Residential Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Tuesday, September 24th were given a $0.675 dividend. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $2.70 dividend on an annualized basis and a yield of 3.67%. Equity Residential’s payout ratio is currently 110.66%.

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.