Vinva Investment Management Ltd Purchases 40,253 Shares of Equity Residential (NYSE:EQR)

Vinva Investment Management Ltd grew its position in shares of Equity Residential (NYSE:EQR) by 289.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,175 shares of the real estate investment trust’s stock after buying an additional 40,253 shares during the quarter. Vinva Investment Management Ltd’s holdings in Equity Residential were worth $4,007,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Maryland Capital Advisors Inc. bought a new position in Equity Residential during the 3rd quarter valued at about $25,000. Brooklyn Investment Group purchased a new position in shares of Equity Residential during the third quarter valued at approximately $33,000. Assetmark Inc. lifted its position in 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 during the period. UMB Bank n.a. boosted 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 during the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in Equity Residential by 41.9% in the second quarter. Massmutual Trust Co. FSB ADV now owns 525 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 155 shares during the last quarter. Institutional investors own 92.68% of the company’s stock.

Equity Residential Trading Up 0.5 %

EQR stock opened at $77.48 on Friday. Equity Residential has a 12 month low of $56.05 and a 12 month high of $78.83. The firm’s 50-day moving average is $74.10 and its 200 day moving average is $71.33. The company has a market capitalization of $29.40 billion, a PE ratio of 31.75, a P/E/G ratio of 6.20 and a beta of 0.90. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.13 and a quick ratio of 0.13.

Equity Residential Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Tuesday, September 24th were given a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend was Tuesday, September 24th. Equity Residential’s dividend payout ratio (DPR) is presently 110.66%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on EQR shares. Wells Fargo & Company downgraded Equity Residential from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $69.00 to $77.00 in a research note on Monday, August 26th. Evercore ISI boosted their price target on Equity Residential from $75.00 to $76.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. The Goldman Sachs Group started coverage on shares of Equity Residential in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $81.00 price objective on the stock. Stifel Nicolaus raised shares of Equity Residential from a “hold” rating to a “buy” rating and raised their price objective for the stock from $77.75 to $81.50 in a report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. upped their target price on shares of Equity Residential from $68.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $77.25.

About Equity Residential

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.