Equity Residential (NYSE:EQR) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its holdings in Equity Residential (NYSE:EQR) by 66.1% in the third quarter, Holdings Channel.com reports. The fund owned 619,960 shares of the real estate investment trust’s stock after acquiring an additional 246,827 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Equity Residential were worth $46,162,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Maryland Capital Advisors Inc. acquired a new position in shares of Equity Residential in the 3rd quarter valued at about $25,000. Fidelis Capital Partners LLC bought a new stake in Equity Residential during the first quarter worth approximately $27,000. 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 during the period. Massmutual Trust Co. FSB ADV boosted its position in 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 worth $36,000 after purchasing an additional 155 shares during the period. Finally, HHM Wealth Advisors LLC boosted 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 acquiring an additional 327 shares during the period. 92.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wedbush increased their price objective on Equity Residential from $68.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. The Goldman Sachs Group started coverage on Equity Residential in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $81.00 target price for the company. JPMorgan Chase & Co. raised their target price on Equity Residential from $68.00 to $80.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Royal Bank of Canada decreased their price target on Equity Residential from $83.00 to $79.00 and set an “outperform” rating on the stock in a report on Friday. Finally, BNP Paribas started coverage on Equity Residential in a report on Wednesday, September 11th. They set an “outperform” rating and a $83.00 target price on the stock. Twelve investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $76.19.

Equity Residential Stock Up 1.6 %

NYSE:EQR opened at $70.22 on Tuesday. The firm has a market capitalization of $26.62 billion, a price-to-earnings ratio of 28.78, a price-to-earnings-growth ratio of 5.88 and a beta of 0.90. Equity Residential has a twelve month low of $53.48 and a twelve month high of $78.83. The stock’s 50 day moving average price is $74.64 and its two-hundred day moving average price is $70.23. The company has a quick ratio of 0.21, a current ratio of 0.13 and a debt-to-equity ratio of 0.76.

Equity Residential Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Tuesday, September 24th were given a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 3.85%. The ex-dividend date was Tuesday, September 24th. Equity Residential’s dividend payout ratio (DPR) is 110.66%.

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.