Equity Residential (NYSE:EQR) Stock Position Raised by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB lifted its holdings in shares of Equity Residential (NYSE:EQR) by 18.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,520 shares of the real estate investment trust’s stock after buying an additional 2,520 shares during the period. E. Ohman J or Asset Management AB’s holdings in Equity Residential were worth $1,185,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of EQR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Equity Residential by 806.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,259,145 shares of the real estate investment trust’s stock valued at $317,136,000 after buying an additional 3,789,234 shares during the last quarter. Los Angeles Capital Management LLC grew its position in shares of Equity Residential by 1,459.8% during the 3rd quarter. Los Angeles Capital Management LLC now owns 1,949,473 shares of the real estate investment trust’s stock valued at $145,158,000 after buying an additional 1,824,494 shares during the last quarter. FMR LLC grew its position in Equity Residential by 29.0% in the 3rd quarter. FMR LLC now owns 7,746,494 shares of the real estate investment trust’s stock worth $576,804,000 after purchasing an additional 1,741,840 shares during the last quarter. Principal Financial Group Inc. grew its position in Equity Residential by 8.3% in the 3rd quarter. Principal Financial Group Inc. now owns 7,745,615 shares of the real estate investment trust’s stock worth $576,737,000 after purchasing an additional 591,866 shares during the last quarter. Finally, Heitman Real Estate Securities LLC grew its position in Equity Residential by 2,193.2% in the 3rd quarter. Heitman Real Estate Securities LLC now owns 416,647 shares of the real estate investment trust’s stock worth $31,024,000 after purchasing an additional 398,478 shares during the last quarter. Institutional investors own 92.68% of the company’s stock.

Equity Residential Stock Up 1.9 %

EQR stock opened at $71.99 on Thursday. Equity Residential has a 12 month low of $57.33 and a 12 month high of $78.83. The firm has a market cap of $27.31 billion, a PE ratio of 29.50, a P/E/G ratio of 4.35 and a beta of 0.93. The firm has a 50 day simple moving average of $71.24 and a 200 day simple moving average of $72.71. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 2nd were given a $0.675 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $2.70 annualized dividend and a dividend yield of 3.75%. Equity Residential’s dividend payout ratio (DPR) is presently 99.26%.

Wall Street Analysts Forecast Growth

EQR has been the subject of several recent analyst reports. Wells Fargo & Company decreased their target price on shares of Equity Residential from $77.00 to $75.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Stifel Nicolaus upgraded shares of Equity Residential from a “hold” rating to a “buy” rating and upped their target price for the stock from $77.75 to $81.50 in a research report on Wednesday, November 13th. Mizuho decreased 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 report on Monday, January 6th. Barclays decreased their target price on shares of Equity Residential from $83.00 to $79.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Finally, StockNews.com cut shares of Equity Residential from a “hold” rating to a “sell” rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Equity Residential currently has a consensus rating of “Hold” and a consensus price target of $78.36.

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.