Jones Financial Companies Lllp Has $7.34 Million Stock Position in Equity Residential (NYSE:EQR)

Jones Financial Companies Lllp boosted its position in shares of Equity Residential (NYSE:EQR) by 56.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 102,229 shares of the real estate investment trust’s stock after purchasing an additional 37,032 shares during the period. Jones Financial Companies Lllp’s holdings in Equity Residential were worth $7,336,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EQR. SRS Capital Advisors Inc. raised its stake in shares of Equity Residential by 607.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 361 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 310 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Equity Residential during the 3rd quarter worth approximately $29,000. Brooklyn Investment Group bought a new position in Equity Residential in the 3rd quarter valued at $33,000. Assetmark Inc. raised its position in Equity Residential by 2,529.4% in the 3rd quarter. Assetmark Inc. now owns 447 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 430 shares during the last quarter. Finally, Continuum Advisory LLC acquired a new position in Equity Residential in the third quarter worth $40,000. 92.68% of the stock is currently owned by institutional investors and hedge funds.

Equity Residential Stock Up 1.1 %

Shares of Equity Residential stock opened at $75.01 on Tuesday. The company has a market capitalization of $28.48 billion, a P/E ratio of 27.58, a price-to-earnings-growth ratio of 3.99 and a beta of 0.93. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.36 and a quick ratio of 0.36. The business has a 50-day moving average of $70.68 and a two-hundred day moving average of $72.91. Equity Residential has a 1 year low of $59.48 and a 1 year high of $78.83.

Equity Residential Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd were issued a dividend of $0.675 per share. The ex-dividend date was Thursday, January 2nd. This represents a $2.70 annualized dividend and a yield of 3.60%. Equity Residential’s dividend payout ratio (DPR) is currently 99.26%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on EQR shares. Mizuho lowered their target price on Equity Residential from $78.00 to $74.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. StockNews.com raised Equity Residential from a “sell” rating to a “hold” rating in a report on Saturday, February 8th. Scotiabank lifted their target price on Equity Residential from $78.00 to $79.00 and gave the company a “sector perform” rating in a research note on Friday, February 14th. Evercore ISI upped their price target on Equity Residential from $74.00 to $76.00 and gave the company an “in-line” rating in a research note on Monday, February 10th. Finally, Barclays reduced their target price on shares of Equity Residential from $83.00 to $79.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $78.46.

Insider Buying and Selling at Equity Residential

In other Equity Residential news, CAO Ian Kaufman sold 642 shares of Equity Residential stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $72.06, for a total value of $46,262.52. Following the sale, the chief accounting officer now owns 25,539 shares of the company’s stock, valued at $1,840,340.34. This trade represents a 2.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Scott Fenster sold 5,340 shares of the business’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $72.06, for a total value of $384,800.40. Following the completion of the sale, the executive vice president now owns 35,507 shares in the company, valued at approximately $2,558,634.42. This trade represents a 13.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,763 shares of company stock valued at $1,424,217. 1.00% of the stock is currently owned by corporate insiders.

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.