Sanctuary Advisors LLC Buys 8,534 Shares of Equity Residential (NYSE:EQR)

Sanctuary Advisors LLC lifted its stake in shares of Equity Residential (NYSE:EQR) by 69.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,752 shares of the real estate investment trust’s stock after buying an additional 8,534 shares during the quarter. Sanctuary Advisors LLC’s holdings in Equity Residential were worth $1,573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Maryland Capital Advisors Inc. purchased a new position in shares of Equity Residential during the 3rd quarter worth approximately $25,000. Assetmark Inc. boosted its position in shares of Equity Residential by 2,529.4% during 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 in the last quarter. Brooklyn Investment Group purchased a new stake in Equity Residential in the third quarter worth $33,000. UMB Bank n.a. raised its holdings in Equity Residential by 69.6% in the third quarter. UMB Bank n.a. now owns 475 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 195 shares in the last quarter. Finally, HHM Wealth Advisors LLC raised its holdings in Equity Residential by 146.6% in the second quarter. HHM Wealth Advisors LLC now owns 550 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 327 shares in the last quarter. 92.68% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EQR. Evercore ISI upped their target price on shares of Equity Residential from $75.00 to $76.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Stifel Nicolaus upgraded shares of Equity Residential from a “hold” rating to a “buy” rating and upped their price objective for the stock from $77.75 to $81.50 in a report on Wednesday, November 13th. Wells Fargo & Company downgraded shares of Equity Residential from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $69.00 to $77.00 in a research note on Monday, August 26th. Scotiabank dropped their price target on Equity Residential from $81.00 to $78.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. Finally, Royal Bank of Canada reduced their price objective on Equity Residential from $83.00 to $79.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $78.14.

Equity Residential Stock Down 1.0 %

Shares of Equity Residential stock opened at $69.49 on Friday. Equity Residential has a twelve month low of $57.33 and a twelve month high of $78.83. 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’s 50 day moving average is $73.84 and its 200 day moving average is $72.09. The company has a market cap of $26.37 billion, a price-to-earnings ratio of 28.48, a price-to-earnings-growth ratio of 5.90 and a beta of 0.92.

Equity Residential Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd will be issued a dividend of $0.675 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $2.70 annualized dividend and a dividend yield of 3.89%. Equity Residential’s payout ratio is 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.