Equity Residential (NYSE:EQR) Shares Bought by Toronto Dominion Bank

Toronto Dominion Bank lifted its position in shares of Equity Residential (NYSE:EQR) by 0.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 169,906 shares of the real estate investment trust’s stock after buying an additional 795 shares during the quarter. Toronto Dominion Bank’s holdings in Equity Residential were worth $12,651,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of EQR. Maryland Capital Advisors Inc. purchased a new stake in Equity Residential in the 3rd quarter worth approximately $25,000. Assetmark Inc. boosted its holdings in shares of Equity Residential by 2,529.4% during the third 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 last quarter. Brooklyn Investment Group purchased a new stake in shares of Equity Residential in the third quarter valued at $33,000. UMB Bank n.a. increased its stake in Equity Residential by 69.6% in the third quarter. UMB Bank n.a. now owns 475 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 195 shares during the last quarter. Finally, HHM Wealth Advisors LLC lifted its position in Equity Residential by 146.6% during the second quarter. HHM Wealth Advisors LLC now owns 550 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 327 shares during the period. Institutional investors and hedge funds own 92.68% of the company’s stock.

Equity Residential Stock Down 0.7 %

Shares of NYSE:EQR opened at $73.28 on Friday. The company has a market capitalization of $27.80 billion, a price-to-earnings ratio of 30.03, a price-to-earnings-growth ratio of 5.90 and a beta of 0.92. The company has a 50 day moving average of $73.93 and a two-hundred day moving average of $71.89. Equity Residential has a 52-week low of $57.33 and a 52-week high of $78.83. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, January 2nd will be issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date is Thursday, January 2nd. Equity Residential’s payout ratio is 110.66%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Bank of America downgraded shares of Equity Residential from a “buy” rating to a “neutral” rating and upped their price objective for the company from $78.00 to $82.00 in a research note on Tuesday, September 24th. The Goldman Sachs Group started coverage on shares of Equity Residential in a research note on Wednesday, September 4th. They set a “neutral” rating and a $81.00 price target on the stock. Stifel Nicolaus raised shares of Equity Residential from a “hold” rating to a “buy” rating and boosted their price objective for the company from $77.75 to $81.50 in a research note on Wednesday, November 13th. BNP Paribas assumed coverage on Equity Residential in a research report on Wednesday, September 11th. They issued an “outperform” rating and a $83.00 target price on the stock. Finally, Truist Financial boosted their price target on Equity Residential from $73.00 to $77.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $77.25.

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.