Equity Residential (NYSE:EQR) Shares Acquired by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. increased its stake in shares of Equity Residential (NYSE:EQR) by 466.8% during the 3rd quarter, Holdings Channel.com reports. The fund owned 18,574 shares of the real estate investment trust’s stock after purchasing an additional 15,297 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Equity Residential were worth $1,383,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in EQR. Maryland Capital Advisors Inc. purchased a new stake in Equity Residential in the 3rd quarter valued at $25,000. Assetmark Inc. lifted its position in Equity Residential by 2,529.4% in the third 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 period. UMB Bank n.a. lifted its holdings in shares of Equity Residential by 69.6% in the 3rd quarter. UMB Bank n.a. now owns 475 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 195 shares during the period. Massmutual Trust Co. FSB ADV boosted its position 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 purchasing an additional 155 shares in the last quarter. Finally, HHM Wealth Advisors LLC boosted its holdings in Equity Residential by 146.6% during the second quarter. HHM Wealth Advisors LLC now owns 550 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 327 shares in the last quarter. Institutional investors and hedge funds own 92.68% of the company’s stock.

Equity Residential Trading Up 1.7 %

NYSE EQR opened at $75.18 on Friday. Equity Residential has a 52 week low of $56.05 and a 52 week high of $78.83. The stock has a market cap of $28.53 billion, a P/E ratio of 30.81, a PEG ratio of 6.06 and a beta of 0.90. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.76. The company’s fifty day simple moving average is $74.16 and its 200-day simple moving average is $70.97.

Equity Residential Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Tuesday, September 24th were paid a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend was Tuesday, September 24th. Equity Residential’s dividend payout ratio (DPR) is 110.66%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised Equity Residential from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $62.00 to $83.00 in a report on Tuesday, September 10th. Wells Fargo & Company cut shares of Equity Residential from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $69.00 to $77.00 in a research note on Monday, August 26th. Truist Financial upped their price target on shares of Equity Residential from $73.00 to $77.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Stifel Nicolaus upgraded Equity Residential from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $77.75 to $81.50 in a research report on Wednesday, November 13th. Finally, The Goldman Sachs Group initiated coverage on Equity Residential in a research report on Wednesday, September 4th. They set a “neutral” rating and a $81.00 price target for the company. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $77.25.

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.