2,892 Shares in Equity Residential (NYSE:EQR) Bought by OneAscent Wealth Management LLC

OneAscent Wealth Management LLC acquired a new stake in shares of Equity Residential (NYSE:EQR) during the third quarter, Holdings Channel.com reports. The firm acquired 2,892 shares of the real estate investment trust’s stock, valued at approximately $217,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Napa Wealth Management grew its holdings in Equity Residential by 24.8% during the 3rd quarter. Napa Wealth Management now owns 3,995 shares of the real estate investment trust’s stock valued at $297,000 after purchasing an additional 793 shares during the last quarter. Swiss National Bank boosted its position in shares of Equity Residential by 0.3% during the third quarter. Swiss National Bank now owns 1,012,350 shares of the real estate investment trust’s stock valued at $75,380,000 after buying an additional 2,600 shares during the period. Natixis Advisors LLC boosted its position in shares of Equity Residential by 16.1% during the third quarter. Natixis Advisors LLC now owns 73,699 shares of the real estate investment trust’s stock valued at $5,488,000 after buying an additional 10,199 shares during the period. Archer Investment Corp bought a new position in shares of Equity Residential during the third quarter valued at approximately $277,000. Finally, Empowered Funds LLC raised its holdings in shares of Equity Residential by 5.9% in the third quarter. Empowered Funds LLC now owns 6,713 shares of the real estate investment trust’s stock worth $500,000 after buying an additional 373 shares during the period. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Equity Residential Trading Up 1.1 %

NYSE EQR opened at $74.42 on Tuesday. Equity Residential has a 52 week low of $54.70 and a 52 week high of $78.83. The company has a 50 day moving average price of $74.31 and a 200 day moving average price of $70.86. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.76. The firm has a market cap of $28.24 billion, a PE ratio of 30.50, a price-to-earnings-growth ratio of 5.98 and a beta of 0.90.

Equity Residential Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Tuesday, September 24th were issued a dividend of $0.675 per share. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $2.70 annualized dividend and a dividend yield of 3.63%. Equity Residential’s dividend payout ratio is presently 110.66%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Wells Fargo & Company cut Equity Residential from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $69.00 to $77.00 in a report on Monday, August 26th. Truist Financial upped their price target on shares of Equity Residential from $73.00 to $77.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Bank of America cut shares of Equity Residential from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $78.00 to $82.00 in a research report on Tuesday, September 24th. Piper Sandler upped their target price on shares of Equity Residential from $80.00 to $85.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Finally, Stifel Nicolaus upgraded Equity Residential from a “hold” rating to a “buy” rating and boosted their price target for the company from $77.75 to $81.50 in a report on Wednesday, November 13th. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $77.25.

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.