Equity Residential (NYSE:EQR) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Equity Residential (NYSE:EQR) by 806.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,259,145 shares of the real estate investment trust’s stock after acquiring an additional 3,789,234 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 1.12% of Equity Residential worth $317,136,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EQR. Tobam lifted its position in Equity Residential by 8.6% during the third quarter. Tobam now owns 1,927 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 152 shares in the last quarter. Checchi Capital Advisers LLC increased its stake in shares of Equity Residential by 4.5% in the 2nd quarter. Checchi Capital Advisers LLC now owns 3,522 shares of the real estate investment trust’s stock worth $244,000 after acquiring an additional 153 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of Equity Residential by 41.9% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 525 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 155 shares during the period. UMB Bank n.a. boosted its position in shares of Equity Residential by 69.6% during the 3rd quarter. UMB Bank n.a. now owns 475 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 195 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Equity Residential by 32.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 811 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Equity Residential Stock Performance

NYSE:EQR opened at $76.67 on Friday. Equity Residential has a 52 week low of $56.40 and a 52 week high of $78.83. The company has a fifty day simple moving average of $74.10 and a two-hundred day simple moving average of $71.39. 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 company has a market cap of $29.09 billion, a price-to-earnings ratio of 31.42, a price-to-earnings-growth ratio of 6.28 and a beta of 0.90.

Equity Residential Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Tuesday, September 24th were issued a dividend of $0.675 per share. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $2.70 annualized dividend and a yield of 3.52%. Equity Residential’s dividend payout ratio (DPR) is 110.66%.

Analysts Set New Price Targets

EQR has been the topic of several recent analyst reports. BNP Paribas assumed coverage on shares of Equity Residential in a report on Wednesday, September 11th. They issued an “outperform” rating and a $83.00 target price on the stock. Wedbush upped their price objective on Equity Residential from $68.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Bank of America cut Equity Residential from a “buy” rating to a “neutral” rating and raised their target price for the stock from $78.00 to $82.00 in a research note on Tuesday, September 24th. Scotiabank decreased their price target on Equity Residential from $81.00 to $78.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 14th. Finally, Stifel Nicolaus upgraded Equity Residential from a “hold” rating to a “buy” rating and increased their price target for the stock from $77.75 to $81.50 in a report on Wednesday, November 13th. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $77.25.

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.