Equity Residential (NYSE:EQR) Shares Purchased by Greenleaf Trust

Greenleaf Trust grew its position in shares of Equity Residential (NYSE:EQR) by 7.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,696 shares of the real estate investment trust’s stock after purchasing an additional 256 shares during the quarter. Greenleaf Trust’s holdings in Equity Residential were worth $265,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of EQR. Maryland Capital Advisors Inc. acquired a new position in Equity Residential during the third quarter worth about $25,000. Wilmington Savings Fund Society FSB bought a new position in shares of Equity Residential during the 3rd quarter valued at about $29,000. Assetmark Inc. grew its stake in shares of Equity Residential by 2,529.4% in the 3rd 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 bought a new stake in shares of Equity Residential in the 3rd quarter worth approximately $33,000. Finally, UMB Bank n.a. lifted its stake 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 valued at $35,000 after purchasing an additional 195 shares during the last quarter. Institutional investors own 92.68% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. StockNews.com lowered shares of Equity Residential from a “hold” rating to a “sell” rating in a research report on Friday, January 31st. Scotiabank cut their target price on Equity Residential from $81.00 to $78.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. Stifel Nicolaus upgraded Equity Residential from a “hold” rating to a “buy” rating and increased their price target for the company from $77.75 to $81.50 in a research report on Wednesday, November 13th. Royal Bank of Canada cut their price objective on Equity Residential from $83.00 to $79.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, Wells Fargo & Company decreased their target price on shares of Equity Residential from $77.00 to $75.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $78.36.

Equity Residential Price Performance

Shares of NYSE:EQR opened at $71.99 on Thursday. The firm has a market cap of $27.31 billion, a price-to-earnings ratio of 29.50, a P/E/G ratio of 4.35 and a beta of 0.93. 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 business has a fifty day simple moving average of $71.24 and a 200 day simple moving average of $72.71.

Equity Residential Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.675 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $2.70 annualized dividend and a dividend yield of 3.75%. Equity Residential’s dividend payout ratio is 99.26%.

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.