Advisor Group Holdings Inc. Buys 57,290 Shares of Equity Residential (NYSE:EQR)

Advisor Group Holdings Inc. lifted its holdings in shares of Equity Residential (NYSE:EQRGet Rating) by 193.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,967 shares of the real estate investment trust’s stock after buying an additional 57,290 shares during the period. Advisor Group Holdings Inc.’s holdings in Equity Residential were worth $7,752,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Checchi Capital Advisers LLC increased its position in shares of Equity Residential by 3.5% during the 4th quarter. Checchi Capital Advisers LLC now owns 3,424 shares of the real estate investment trust’s stock valued at $310,000 after purchasing an additional 117 shares during the last quarter. Wetherby Asset Management Inc. increased its position in shares of Equity Residential by 4.3% during the 4th quarter. Wetherby Asset Management Inc. now owns 2,810 shares of the real estate investment trust’s stock valued at $254,000 after purchasing an additional 117 shares during the last quarter. Keybank National Association OH increased its position in shares of Equity Residential by 4.1% during the 4th quarter. Keybank National Association OH now owns 3,152 shares of the real estate investment trust’s stock valued at $285,000 after purchasing an additional 124 shares during the last quarter. First Command Bank boosted its holdings in Equity Residential by 15.6% during the 1st quarter. First Command Bank now owns 1,040 shares of the real estate investment trust’s stock valued at $94,000 after acquiring an additional 140 shares during the period. Finally, CVA Family Office LLC boosted its holdings in Equity Residential by 34.9% during the 1st quarter. CVA Family Office LLC now owns 560 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 145 shares during the period. 91.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EQR has been the subject of a number of recent analyst reports. Barclays dropped their price objective on Equity Residential from $97.00 to $83.00 in a report on Tuesday, May 10th. Scotiabank dropped their price objective on Equity Residential from $92.00 to $90.00 in a report on Thursday, May 19th. UBS Group boosted their price objective on Equity Residential from $83.00 to $91.00 and gave the company a “buy” rating in a report on Friday, July 29th. Evercore ISI set a $86.00 price objective on Equity Residential in a report on Monday, June 20th. Finally, Jefferies Financial Group dropped their price objective on Equity Residential from $78.00 to $64.00 and set a “hold” rating for the company in a report on Thursday, June 30th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $84.18.

Equity Residential Stock Performance

Shares of EQR stock opened at $75.22 on Friday. The company has a market capitalization of $28.29 billion, a P/E ratio of 22.59, a P/E/G ratio of 3.18 and a beta of 0.81. The business’s 50 day moving average is $73.08 and its two-hundred day moving average is $81.34. The company has a current ratio of 0.24, a quick ratio of 0.19 and a debt-to-equity ratio of 0.72. Equity Residential has a 12-month low of $67.48 and a 12-month high of $94.32.

Equity Residential Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 8th. Shareholders of record on Monday, June 27th were given a dividend of $0.625 per share. The ex-dividend date was Friday, June 24th. This represents a $2.50 dividend on an annualized basis and a yield of 3.32%. Equity Residential’s dividend payout ratio is currently 75.08%.

Insiders Place Their Bets

In other Equity Residential news, Director Mark S. Shapiro sold 6,665 shares of the stock in a transaction that occurred on Friday, June 17th. The stock was sold at an average price of $70.10, for a total transaction of $467,216.50. Following the transaction, the director now owns 12,497 shares in the company, valued at $876,039.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is currently owned by company insiders.

About Equity Residential

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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 high quality long-term renters. Equity Residential owns or has investments in 305 properties consisting of 78,568 apartment units, located in Boston, New York, Washington, DC, Seattle, San Francisco, Southern California and Denver.

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Institutional Ownership by Quarter for Equity Residential (NYSE:EQR)

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