BSW Wealth Partners Buys New Shares in Equity Residential (NYSE:EQR)

BSW Wealth Partners bought a new stake in Equity Residential (NYSE:EQR) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,015 shares of the real estate investment trust’s stock, valued at approximately $216,000.

Several other institutional investors have also recently bought and sold shares of EQR. FIL Ltd boosted its stake in shares of Equity Residential by 48.0% in the fourth quarter. FIL Ltd now owns 640,712 shares of the real estate investment trust’s stock valued at $37,981,000 after buying an additional 207,934 shares during the period. LPL Financial LLC lifted its stake in Equity Residential by 237.4% during the fourth quarter. LPL Financial LLC now owns 31,891 shares of the real estate investment trust’s stock worth $1,890,000 after purchasing an additional 22,438 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Equity Residential by 7.2% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 9,316 shares of the real estate investment trust’s stock valued at $552,000 after acquiring an additional 624 shares during the last quarter. Tompkins Financial Corp bought a new position in shares of Equity Residential in the 4th quarter valued at $86,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Equity Residential by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,968,897 shares of the real estate investment trust’s stock valued at $175,997,000 after acquiring an additional 19,597 shares during the last quarter. 84.49% of the stock is currently owned by institutional investors.

Equity Residential stock opened at $84.71 on Thursday. Equity Residential has a 1-year low of $45.42 and a 1-year high of $85.47. The stock has a market cap of $31.68 billion, a price-to-earnings ratio of 27.65, a price-to-earnings-growth ratio of 9.52 and a beta of 0.77. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.16 and a quick ratio of 0.16. The firm has a 50 day simple moving average of $78.79.

Equity Residential (NYSE:EQR) last released its quarterly earnings results on Tuesday, April 27th. The real estate investment trust reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.53). Equity Residential had a net margin of 26.64% and a return on equity of 6.20%. Equities research analysts anticipate that Equity Residential will post 2.79 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 9th. Stockholders of record on Monday, June 28th were given a dividend of $0.6025 per share. The ex-dividend date of this dividend was Friday, June 25th. This represents a $2.41 dividend on an annualized basis and a dividend yield of 2.85%. Equity Residential’s dividend payout ratio (DPR) is currently 73.93%.

EQR has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on Equity Residential from $60.00 to $63.00 and gave the stock a “sell” rating in a report on Wednesday, May 26th. Royal Bank of Canada started coverage on shares of Equity Residential in a research report on Tuesday, March 30th. They issued a “sector perform” rating and a $71.00 price target on the stock. Piper Sandler raised shares of Equity Residential from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $54.00 to $76.00 in a research report on Thursday, April 29th. Zacks Investment Research raised shares of Equity Residential from a “strong sell” rating to a “hold” rating and set a $79.00 target price on the stock in a research report on Wednesday, April 21st. Finally, Truist Securities reissued a “hold” rating on shares of Equity Residential in a research report on Thursday, March 25th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $73.93.

In other Equity Residential news, CFO Robert Garechana sold 3,000 shares of the business’s stock in a transaction on Monday, May 10th. The shares were sold at an average price of $75.00, for a total value of $225,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David J. Neithercut sold 20,863 shares of the business’s stock in a transaction on Monday, May 10th. The stock was sold at an average price of $75.11, for a total transaction of $1,567,019.93. Following the completion of the sale, the director now directly owns 3,392 shares of the company’s stock, valued at $254,773.12. The disclosure for this sale can be found here. Insiders have sold a total of 44,186 shares of company stock valued at $3,425,435 over the last ninety days. 2.30% of the stock is currently owned by insiders.

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 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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