Equity Residential (NYSE:EQR) Shares Bought by Carmel Capital Partners LLC

Carmel Capital Partners LLC raised its holdings in Equity Residential (NYSE:EQR) by 3.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,329 shares of the real estate investment trust’s stock after purchasing an additional 205 shares during the period. Carmel Capital Partners LLC’s holdings in Equity Residential were worth $471,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Maryland Capital Advisors Inc. acquired a new position in shares of Equity Residential in the 3rd quarter valued at approximately $25,000. Assetmark Inc. raised its position in shares of Equity Residential by 2,529.4% during the 3rd quarter. Assetmark Inc. now owns 447 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 430 shares in the last quarter. UMB Bank n.a. raised its position in shares of Equity Residential by 69.6% during the 3rd quarter. UMB Bank n.a. now owns 475 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 195 shares in the last quarter. Massmutual Trust Co. FSB ADV raised 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 valued at $36,000 after acquiring an additional 155 shares in the last quarter. Finally, HHM Wealth Advisors LLC raised its position in shares of Equity Residential by 146.6% during the 2nd quarter. HHM Wealth Advisors LLC now owns 550 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 327 shares in the last quarter. 92.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EQR has been the topic of several research reports. BNP Paribas initiated coverage on Equity Residential in a research report on Wednesday, September 11th. They set an “outperform” rating and a $83.00 price target on the stock. Royal Bank of Canada dropped their target price on Equity Residential from $83.00 to $79.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Scotiabank increased their target price on Equity Residential from $77.00 to $81.00 and gave the stock a “sector perform” rating in a research report on Monday, September 16th. UBS Group increased their target price on Equity Residential from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Finally, Bank of America lowered Equity Residential from a “buy” rating to a “neutral” rating and increased their target price for the stock from $78.00 to $82.00 in a research report on Tuesday, September 24th. Twelve equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $76.19.

Equity Residential Trading Up 2.4 %

Shares of EQR stock opened at $73.53 on Friday. The stock has a 50-day simple moving average of $74.48 and a 200 day simple moving average of $70.40. Equity Residential has a fifty-two week low of $53.48 and a fifty-two week high of $78.83. The stock has a market capitalization of $27.90 billion, a P/E ratio of 30.14, a P/E/G ratio of 5.96 and a beta of 0.90. The company has a quick ratio of 0.21, a current ratio of 0.13 and a debt-to-equity ratio of 0.76.

Equity Residential Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Tuesday, September 24th were paid a dividend of $0.675 per share. The ex-dividend date was Tuesday, September 24th. This represents a $2.70 annualized dividend and a yield of 3.67%. Equity Residential’s dividend payout ratio 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.