Cibc World Market Inc. Has $11.69 Million Stock Holdings in Equity Residential (NYSE:EQR)

Cibc World Market Inc. increased its stake in Equity Residential (NYSE:EQR) by 10.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 162,839 shares of the real estate investment trust’s stock after acquiring an additional 14,939 shares during the quarter. Cibc World Market Inc.’s holdings in Equity Residential were worth $11,685,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EQR. AQR Capital Management LLC increased its position in shares of Equity Residential by 101.0% during the second quarter. AQR Capital Management LLC now owns 60,857 shares of the real estate investment trust’s stock worth $4,195,000 after buying an additional 30,587 shares during the period. Creative Planning grew its holdings in Equity Residential by 7.6% during the 2nd quarter. Creative Planning now owns 16,647 shares of the real estate investment trust’s stock worth $1,154,000 after acquiring an additional 1,174 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of Equity Residential by 32.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 811 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 200 shares in the last quarter. Truist Financial Corp lifted its stake in shares of Equity Residential by 2.3% in the 2nd quarter. Truist Financial Corp now owns 12,768 shares of the real estate investment trust’s stock valued at $885,000 after purchasing an additional 289 shares during the period. Finally, Cetera Investment Advisers boosted its position in shares of Equity Residential by 3.0% during the 2nd quarter. Cetera Investment Advisers now owns 46,353 shares of the real estate investment trust’s stock valued at $3,214,000 after purchasing an additional 1,344 shares in the last quarter. Institutional investors and hedge funds own 92.68% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on EQR shares. Mizuho dropped their price target on Equity Residential from $78.00 to $74.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. StockNews.com lowered shares of Equity Residential from a “hold” rating to a “sell” rating in a research note on Friday. Scotiabank dropped their price objective on shares of Equity Residential from $81.00 to $78.00 and set a “sector perform” rating on the stock in a report on Thursday, November 14th. Royal Bank of Canada reduced their target price on Equity Residential from $83.00 to $79.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Finally, Stifel Nicolaus raised Equity Residential from a “hold” rating to a “buy” rating and upped their price target for the stock from $77.75 to $81.50 in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Equity Residential presently has a consensus rating of “Hold” and an average target price of $78.36.

Equity Residential Stock Up 1.2 %

EQR opened at $70.61 on Friday. 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 current ratio of 0.13 and a quick ratio of 0.13. The company’s 50-day moving average is $71.49 and its 200 day moving average is $72.66. The firm has a market capitalization of $26.79 billion, a P/E ratio of 28.94, a PEG ratio of 4.21 and a beta of 0.93.

Equity Residential Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd were issued a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 3.82%. The ex-dividend date was Thursday, January 2nd. Equity Residential’s dividend payout ratio is presently 110.66%.

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.