Vanderbilt University Grows Stock Holdings in Equity Residential $EQR

Vanderbilt University raised its position in Equity Residential (NYSE:EQR) by 29.0% during the 2nd quarter, Holdings Channel reports. The firm owned 34,311 shares of the real estate investment trust’s stock after acquiring an additional 7,707 shares during the quarter. Vanderbilt University’s holdings in Equity Residential were worth $2,331,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. CX Institutional raised its position in shares of Equity Residential by 5.7% during the 2nd quarter. CX Institutional now owns 2,939 shares of the real estate investment trust’s stock worth $200,000 after purchasing an additional 159 shares during the last quarter. Insigneo Advisory Services LLC grew its holdings in Equity Residential by 4.9% during the 4th quarter. Insigneo Advisory Services LLC now owns 3,543 shares of the real estate investment trust’s stock valued at $223,000 after buying an additional 165 shares during the last quarter. Cetera Investment Advisers increased its position in Equity Residential by 0.3% during the first quarter. Cetera Investment Advisers now owns 61,177 shares of the real estate investment trust’s stock worth $3,619,000 after buying an additional 171 shares in the last quarter. Leonteq Securities AG increased its position in Equity Residential by 48.8% during the first quarter. Leonteq Securities AG now owns 549 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 180 shares in the last quarter. Finally, Frank Rimerman Advisors LLC raised its holdings in shares of Equity Residential by 4.2% in the first quarter. Frank Rimerman Advisors LLC now owns 4,990 shares of the real estate investment trust’s stock worth $295,000 after acquiring an additional 201 shares during the last quarter. 92.68% of the stock is owned by hedge funds and other institutional investors.

Equity Residential Trading Up 2.4%

Shares of Equity Residential stock opened at $65.96 on Friday. Equity Residential has a fifty-two week low of $57.57 and a fifty-two week high of $71.50. The business’s fifty day moving average is $67.50 and its two-hundred day moving average is $64.49. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.77. The firm has a market cap of $24.73 billion, a PE ratio of 28.68, a P/E/G ratio of 5.12 and a beta of 0.73.

Equity Residential Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 29th were given a dividend of $0.7025 per share. The ex-dividend date was Monday, June 29th. This represents a $2.81 annualized dividend and a yield of 4.3%. Equity Residential’s dividend payout ratio is 122.17%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on EQR shares. Bank of America upgraded Equity Residential from a “neutral” rating to a “buy” rating and set a $76.00 price objective on the stock in a research report on Wednesday, May 27th. UBS Group boosted their target price on shares of Equity Residential from $71.00 to $73.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Stifel Nicolaus upped their target price on shares of Equity Residential from $78.25 to $79.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Royal Bank Of Canada cut shares of Equity Residential from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from $69.00 to $70.00 in a research note on Monday, June 8th. Finally, Wolfe Research upgraded shares of Equity Residential from a “hold” rating to an “outperform” rating in a report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $71.40.

Equity Residential Profile

Equity Residential (NYSE: EQR) is a publicly traded real estate investment trust that acquires, develops, owns and operates rental apartment properties. Headquartered in Chicago, the company focuses on delivering professionally managed, market-rate apartment homes and related services to renters. Its operations cover a range of property types, including high-rise and mid-rise assets, with amenities and on-site management designed to support resident retention and occupancy.

The company’s core activities include property acquisitions, development and redevelopment, leasing, and day-to-day property management.