Equity Residential (NYSE:EQR) Shares Sold by Presima Securities ULC

Presima Securities ULC lessened its stake in Equity Residential (NYSE:EQR) by 14.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 231,187 shares of the real estate investment trust’s stock after selling 38,478 shares during the quarter. Equity Residential makes up 4.1% of Presima Securities ULC’s holdings, making the stock its 9th largest position. Presima Securities ULC’s holdings in Equity Residential were worth $16,590,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of EQR. Benjamin Edwards Inc. acquired a new stake in Equity Residential during the third quarter valued at $923,000. Tidal Investments LLC grew its stake in shares of Equity Residential by 12.3% in the 3rd quarter. Tidal Investments LLC now owns 129,258 shares of the real estate investment trust’s stock valued at $9,625,000 after buying an additional 14,109 shares in the last quarter. Public Sector Pension Investment Board increased its holdings in Equity Residential by 18.7% in the second quarter. Public Sector Pension Investment Board now owns 47,997 shares of the real estate investment trust’s stock worth $3,328,000 after buying an additional 7,549 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Equity Residential by 3.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,008,341 shares of the real estate investment trust’s stock valued at $298,461,000 after acquiring an additional 124,795 shares in the last quarter. Finally, Landscape Capital Management L.L.C. lifted its stake in Equity Residential by 466.8% in the third quarter. Landscape Capital Management L.L.C. now owns 18,574 shares of the real estate investment trust’s stock valued at $1,383,000 after acquiring an additional 15,297 shares during the last quarter. Institutional investors and hedge funds own 92.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EQR. Scotiabank cut their price target on shares of Equity Residential from $81.00 to $78.00 and set a “sector perform” rating on the stock in a report on Thursday, November 14th. Royal Bank of Canada reduced their price target on Equity Residential from $83.00 to $79.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Wells Fargo & Company lowered their price objective on Equity Residential from $77.00 to $75.00 and set an “equal weight” rating on the stock in a report on Friday. Mizuho decreased their target price on Equity Residential from $78.00 to $74.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Finally, Barclays dropped their price target on shares of Equity Residential from $83.00 to $79.00 and set an “overweight” rating on the stock in a research report on Friday. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $78.36.

Equity Residential Stock Performance

NYSE:EQR opened at $68.33 on Friday. 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 50-day moving average price of $72.10 and a 200 day moving average price of $72.59. The firm has a market capitalization of $25.92 billion, a PE ratio of 28.00, a price-to-earnings-growth ratio of 5.36 and a beta of 0.93. Equity Residential has a 12-month low of $57.33 and a 12-month high of $78.83.

Equity Residential Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd were given a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend was Thursday, January 2nd. 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.