Equity Residential (NYSE:EQR) Shares Bought by Perigon Wealth Management LLC

Perigon Wealth Management LLC grew its position in shares of Equity Residential (NYSE:EQR) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,415 shares of the real estate investment trust’s stock after purchasing an additional 778 shares during the period. Perigon Wealth Management LLC’s holdings in Equity Residential were worth $5,649,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc lifted its stake in Equity Residential by 25.3% during the fourth quarter. AdvisorNet Financial Inc now owns 722 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 146 shares in the last quarter. Tobam lifted its stake in Equity Residential by 8.6% during the third quarter. Tobam now owns 1,927 shares of the real estate investment trust’s stock worth $143,000 after purchasing an additional 152 shares in the last quarter. UMB Bank n.a. lifted its stake in Equity Residential by 69.6% during 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. Northwestern Mutual Wealth Management Co. lifted its stake in Equity Residential by 32.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 811 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 200 shares in the last quarter. Finally, Modera Wealth Management LLC raised its stake in shares of Equity Residential by 6.5% in the third quarter. Modera Wealth Management LLC now owns 3,278 shares of the real estate investment trust’s stock valued at $244,000 after acquiring an additional 200 shares in the last quarter. 92.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on EQR shares. Scotiabank reduced their price objective on Equity Residential from $81.00 to $78.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 14th. Stifel Nicolaus upgraded Equity Residential from a “hold” rating to a “buy” rating and increased their price objective for the company from $77.75 to $81.50 in a research note on Wednesday, November 13th. StockNews.com upgraded Equity Residential from a “sell” rating to a “hold” rating in a research note on Monday, January 13th. Wells Fargo & Company reduced their price objective on Equity Residential from $77.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Finally, Royal Bank of Canada reduced their price objective on Equity Residential from $83.00 to $79.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $78.36.

Equity Residential Stock Performance

Shares of EQR stock opened at $69.31 on Wednesday. The stock’s 50-day moving average is $71.91 and its two-hundred day moving average is $72.67. The firm has a market cap of $26.30 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 5.36 and a beta of 0.93. Equity Residential has a 1 year low of $57.33 and a 1 year high of $78.83. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.13 and a current ratio of 0.13.

Equity Residential Announces Dividend

The company also recently disclosed 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. This represents a $2.70 annualized dividend and a dividend yield of 3.90%. The ex-dividend date of this dividend was Thursday, January 2nd. 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.