Equity Residential (NYSE:EQR) Stock Holdings Reduced by Paloma Partners Management Co

Paloma Partners Management Co lowered its position in Equity Residential (NYSE:EQR) by 46.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,158 shares of the real estate investment trust’s stock after selling 5,436 shares during the quarter. Paloma Partners Management Co’s holdings in Equity Residential were worth $459,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. U.S. Capital Wealth Advisors LLC bought a new stake in shares of Equity Residential during the 2nd quarter worth about $3,893,000. Cetera Investment Advisers bought a new stake in shares of Equity Residential during the 1st quarter worth about $2,841,000. Canada Pension Plan Investment Board boosted its stake in shares of Equity Residential by 1.2% during the 2nd quarter. Canada Pension Plan Investment Board now owns 5,001,360 shares of the real estate investment trust’s stock worth $346,794,000 after acquiring an additional 60,000 shares in the last quarter. Quest Partners LLC boosted its stake in shares of Equity Residential by 244,571.4% during the 2nd quarter. Quest Partners LLC now owns 17,127 shares of the real estate investment trust’s stock worth $1,188,000 after acquiring an additional 17,120 shares in the last quarter. Finally, Manning & Napier Advisors LLC bought a new stake in Equity Residential during the 2nd quarter valued at approximately $8,585,000. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Analysts Set New Price Targets

EQR has been the subject of several recent analyst reports. Evercore ISI increased their target price 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. Scotiabank decreased their target price on Equity Residential from $81.00 to $78.00 and set a “sector perform” rating for the company in a research note on Thursday, November 14th. Truist Financial increased their target price on Equity Residential from $73.00 to $77.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Stifel Nicolaus upgraded Equity Residential from a “hold” rating to a “buy” rating and increased their target price for the company from $77.75 to $81.50 in a research note on Wednesday, November 13th. Finally, Royal Bank of Canada decreased their target price on Equity Residential from $83.00 to $79.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $77.25.

Equity Residential Trading Down 0.3 %

Shares of EQR opened at $73.81 on Thursday. Equity Residential has a 1 year low of $57.33 and a 1 year high of $78.83. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.76. The stock has a 50 day simple moving average of $74.01 and a 200-day simple moving average of $71.57. The stock has a market cap of $28.01 billion, a PE ratio of 30.25, a PEG ratio of 6.10 and a beta of 0.92.

Equity Residential Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Tuesday, September 24th were issued a $0.675 dividend. The ex-dividend date was Tuesday, September 24th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 3.66%. Equity Residential’s payout ratio is presently 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.