Equity Residential (NYSE:EQR) Shares Bought by Baron Wealth Management LLC

Baron Wealth Management LLC boosted its holdings in Equity Residential (NYSE:EQR) by 9.5% in the 3rd quarter, Holdings Channel reports. The firm owned 4,036 shares of the real estate investment trust’s stock after purchasing an additional 349 shares during the period. Baron Wealth Management LLC’s holdings in Equity Residential were worth $301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tobam grew its stake in shares of Equity Residential by 8.6% during the 3rd quarter. Tobam now owns 1,927 shares of the real estate investment trust’s stock worth $143,000 after purchasing an additional 152 shares during the period. Checchi Capital Advisers LLC raised its stake in shares of Equity Residential by 4.5% during the second quarter. Checchi Capital Advisers LLC now owns 3,522 shares of the real estate investment trust’s stock valued at $244,000 after purchasing an additional 153 shares during the period. Massmutual Trust Co. FSB ADV raised its stake in shares of Equity Residential by 41.9% during 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. UMB Bank n.a. grew its position in shares of 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 buying an additional 195 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Equity Residential by 32.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 811 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EQR. BNP Paribas assumed coverage on shares of Equity Residential in a research note on Wednesday, September 11th. They set an “outperform” rating and a $83.00 price objective on the stock. Evercore ISI boosted their price target on Equity Residential from $75.00 to $76.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. The Goldman Sachs Group started coverage on Equity Residential in a report on Wednesday, September 4th. They set a “neutral” rating and a $81.00 price target for the company. Wedbush upped their price target on Equity Residential from $68.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Finally, Truist Financial upped their price target on Equity Residential from $73.00 to $77.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Equity Residential presently has a consensus rating of “Hold” and an average price target of $77.25.

Equity Residential Stock Up 1.1 %

Shares of NYSE EQR opened at $74.42 on Tuesday. The company has a market cap of $28.24 billion, a P/E ratio of 30.50, a PEG ratio of 5.98 and a beta of 0.90. The firm has a 50-day simple moving average of $74.31 and a two-hundred day simple moving average of $70.86. Equity Residential has a 1 year low of $54.70 and a 1 year high of $78.83. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.13 and a quick ratio of 0.13.

Equity Residential Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Tuesday, September 24th were paid a $0.675 dividend. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $2.70 annualized dividend and a yield of 3.63%. Equity Residential’s dividend payout ratio (DPR) is 110.66%.

Equity Residential 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.