Gulf International Bank UK Ltd Has $2.11 Million Holdings in Equity Residential (NYSE:EQR)

Gulf International Bank UK Ltd decreased its position in shares of Equity Residential (NYSE:EQR) by 4.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,379 shares of the real estate investment trust’s stock after selling 1,420 shares during the period. Gulf International Bank UK Ltd’s holdings in Equity Residential were worth $2,113,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. FSM Wealth Advisors LLC acquired a new stake in Equity Residential during the 3rd quarter valued at $226,000. QRG Capital Management Inc. grew its holdings in shares of Equity Residential by 13.0% during the third quarter. QRG Capital Management Inc. now owns 110,424 shares of the real estate investment trust’s stock worth $8,222,000 after purchasing an additional 12,661 shares during the last quarter. National Pension Service increased its stake in shares of Equity Residential by 10.2% in the third quarter. National Pension Service now owns 554,178 shares of the real estate investment trust’s stock valued at $41,264,000 after buying an additional 51,501 shares in the last quarter. Intact Investment Management Inc. bought a new position in shares of Equity Residential in the third quarter valued at about $73,000. Finally, Robeco Institutional Asset Management B.V. lifted its position in Equity Residential by 66.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 619,960 shares of the real estate investment trust’s stock worth $46,162,000 after buying an additional 246,827 shares in the last quarter. Institutional investors own 92.68% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EQR. Royal Bank of Canada reduced their target price on shares of Equity Residential from $83.00 to $79.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. BNP Paribas assumed coverage on Equity Residential in a research report on Wednesday, September 11th. They set an “outperform” rating and a $83.00 target price for the company. JPMorgan Chase & Co. raised their price target on Equity Residential from $68.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Scotiabank upped their target price on shares of Equity Residential from $77.00 to $81.00 and gave the company a “sector perform” rating in a research report on Monday, September 16th. Finally, Bank of America cut shares of Equity Residential from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $78.00 to $82.00 in a research report on Tuesday, September 24th. Twelve investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Equity Residential presently has a consensus rating of “Hold” and a consensus price target of $76.19.

Equity Residential Stock Down 0.9 %

Shares of Equity Residential stock opened at $71.38 on Thursday. The company has a market capitalization of $27.06 billion, a P/E ratio of 29.25, a price-to-earnings-growth ratio of 5.77 and a beta of 0.90. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.13 and a quick ratio of 0.21. The business has a 50-day moving average of $74.56 and a two-hundred day moving average of $70.31. Equity Residential has a 1 year low of $53.48 and a 1 year high of $78.83.

Equity Residential Announces Dividend

The business also recently announced 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 was Tuesday, September 24th. This represents a $2.70 annualized dividend and a yield of 3.78%. Equity Residential’s dividend payout ratio (DPR) is currently 110.66%.

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.