Robeco Institutional Asset Management B.V. Has $44.19 Million Position in Equity Residential (NYSE:EQR)

Robeco Institutional Asset Management B.V. lessened its holdings in Equity Residential (NYSE:EQR) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 615,800 shares of the real estate investment trust’s stock after selling 4,160 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.16% of Equity Residential worth $44,190,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Perigon Wealth Management LLC raised its stake in shares of Equity Residential by 1.0% during the fourth quarter. Perigon Wealth Management LLC now owns 80,415 shares of the real estate investment trust’s stock valued at $5,649,000 after acquiring an additional 778 shares during the last quarter. Vert Asset Management LLC increased its holdings in Equity Residential by 7.5% in the fourth quarter. Vert Asset Management LLC now owns 150,245 shares of the real estate investment trust’s stock valued at $10,782,000 after purchasing an additional 10,472 shares during the period. Pacer Advisors Inc. raised its position in Equity Residential by 12.5% during the 4th quarter. Pacer Advisors Inc. now owns 28,478 shares of the real estate investment trust’s stock worth $2,044,000 after purchasing an additional 3,173 shares during the last quarter. KBC Group NV lifted its holdings in Equity Residential by 100.9% during the 4th quarter. KBC Group NV now owns 691,061 shares of the real estate investment trust’s stock worth $49,590,000 after buying an additional 347,085 shares during the period. Finally, Blue Trust Inc. lifted its holdings in Equity Residential by 32.4% during the 4th quarter. Blue Trust Inc. now owns 7,397 shares of the real estate investment trust’s stock worth $551,000 after buying an additional 1,811 shares during the period. 92.68% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada lowered 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. Wells Fargo & Company lowered their price target on shares of Equity Residential from $77.00 to $75.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Barclays reduced their price objective on shares of Equity Residential from $83.00 to $79.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Mizuho lowered their target price on shares of Equity Residential from $78.00 to $74.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Finally, Scotiabank cut their price target on shares of 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. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Equity Residential currently has an average rating of “Hold” and an average target price of $78.36.

Equity Residential Stock Down 0.9 %

Equity Residential stock opened at $68.61 on Thursday. The firm has a market capitalization of $26.03 billion, a price-to-earnings ratio of 28.12, a price-to-earnings-growth ratio of 5.36 and a beta of 0.93. The firm’s fifty day moving average price is $71.81 and its two-hundred day moving average price is $72.69. Equity Residential has a 1-year low of $57.33 and a 1-year high of $78.83. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.76.

Equity Residential Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.675 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $2.70 dividend on an annualized basis and a yield of 3.94%. Equity Residential’s dividend payout ratio (DPR) is currently 110.66%.

Equity Residential 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.