EQR has been the topic of several other reports. Piper Sandler dropped their price target on shares of Equity Residential from $97.00 to $85.00 in a research note on Wednesday, May 4th. Scotiabank dropped their price target on shares of Equity Residential from $92.00 to $90.00 in a research note on Thursday, May 19th. TheStreet lowered shares of Equity Residential from a b rating to a c+ rating in a research note on Friday, May 6th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Equity Residential from $94.00 to $93.00 and set a hold rating on the stock in a research note on Thursday, March 24th. Finally, Morgan Stanley lowered their target price on shares of Equity Residential from $86.50 to $78.50 and set an equal weight rating on the stock in a research report on Wednesday. Twelve investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $88.15.
Shares of NYSE:EQR opened at $78.13 on Thursday. The firm’s 50 day moving average price is $84.32 and its 200 day moving average price is $86.55. The stock has a market cap of $29.37 billion, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 3.43 and a beta of 0.81. Equity Residential has a fifty-two week low of $71.86 and a fifty-two week high of $94.32. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.74.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 8th. Investors of record on Monday, March 28th were given a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 3.20%. This is a positive change from Equity Residential’s previous quarterly dividend of $0.60. The ex-dividend date was Friday, March 25th. Equity Residential’s dividend payout ratio (DPR) is 69.83%.
A number of large investors have recently bought and sold shares of the stock. Allworth Financial LP acquired a new stake in Equity Residential in the fourth quarter valued at $29,000. UMB Bank N A MO acquired a new stake in Equity Residential in the fourth quarter valued at $30,000. Riverview Trust Co acquired a new stake in Equity Residential in the first quarter valued at $32,000. CVA Family Office LLC acquired a new stake in Equity Residential in the fourth quarter valued at $38,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Equity Residential in the first quarter valued at $40,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.
About Equity Residential (Get Rating)
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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