Aurora Investment Managers LLC. Acquires 2,785 Shares of Equity Residential (NYSE:EQR)

Aurora Investment Managers LLC. grew its holdings in Equity Residential (NYSE:EQR) by 5.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 55,308 shares of the real estate investment trust’s stock after purchasing an additional 2,785 shares during the quarter. Equity Residential makes up 2.4% of Aurora Investment Managers LLC.’s portfolio, making the stock its 13th biggest position. Aurora Investment Managers LLC.’s holdings in Equity Residential were worth $3,969,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of EQR. AdvisorNet Financial Inc increased its holdings 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 valued at $52,000 after buying an additional 146 shares during the period. Tobam increased its holdings in shares of Equity Residential by 8.6% in the 3rd quarter. Tobam now owns 1,927 shares of the real estate investment trust’s stock valued at $143,000 after acquiring an additional 152 shares during the period. UMB Bank n.a. raised its position in shares of Equity Residential by 69.6% in the 3rd quarter. UMB Bank n.a. now owns 475 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 195 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Equity Residential by 32.7% during the 2nd 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 during the last quarter. Finally, Modera Wealth Management LLC boosted its position in Equity Residential by 6.5% during 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 purchasing an additional 200 shares in the last quarter. Institutional investors own 92.68% of the company’s stock.

Equity Residential Price Performance

Shares of EQR opened at $69.78 on Tuesday. The business’s 50-day moving average is $72.46 and its two-hundred day moving average is $72.61. The company has a market capitalization of $26.48 billion, a P/E ratio of 28.60, a P/E/G ratio of 5.25 and a beta of 0.93. Equity Residential has a fifty-two week low of $57.33 and a fifty-two week 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 firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 2nd were issued a $0.675 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $2.70 dividend on an annualized basis and a yield of 3.87%. Equity Residential’s payout ratio is 110.66%.

Wall Street Analyst Weigh In

Several analysts have commented on EQR shares. Stifel Nicolaus raised shares of Equity Residential from a “hold” rating to a “buy” rating and increased their price target for the company from $77.75 to $81.50 in a research report on Wednesday, November 13th. Royal Bank of Canada lowered their target price on shares of Equity Residential from $83.00 to $79.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Scotiabank reduced their price target on 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. Mizuho decreased their price objective on Equity Residential from $78.00 to $74.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Finally, StockNews.com upgraded Equity Residential from a “sell” rating to a “hold” rating in a research note on Monday, January 13th. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $78.69.

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.