Richardson Financial Services Inc. Has $47,000 Stock Position in Equity Residential (NYSE:EQR)

Richardson Financial Services Inc. cut its position in Equity Residential (NYSE:EQR) by 50.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 650 shares of the real estate investment trust’s stock after selling 650 shares during the period. Richardson Financial Services Inc.’s holdings in Equity Residential were worth $47,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EQR. State Street Corp grew its stake in Equity Residential by 1.4% in the third quarter. State Street Corp now owns 23,922,127 shares of the real estate investment trust’s stock valued at $1,796,976,000 after acquiring an additional 321,002 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Equity Residential by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 9,353,944 shares of the real estate investment trust’s stock worth $694,441,000 after purchasing an additional 132,638 shares in 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 valued at $576,804,000 after purchasing an additional 1,741,840 shares during the period. Principal Financial Group Inc. increased its stake in Equity Residential by 8.3% during the 3rd quarter. Principal Financial Group Inc. now owns 7,745,615 shares of the real estate investment trust’s stock valued at $576,737,000 after purchasing an additional 591,866 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Equity Residential by 806.4% during the third 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 worth $317,136,000 after buying an additional 3,789,234 shares during the last quarter. 92.68% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on EQR shares. StockNews.com cut shares of Equity Residential from a “hold” rating to a “sell” rating in a report on Friday. 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. Stifel Nicolaus upgraded Equity Residential from a “hold” rating to a “buy” rating and raised their target price for the company from $77.75 to $81.50 in a report on Wednesday, November 13th. Wells Fargo & Company decreased their price target on Equity Residential from $77.00 to $75.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Finally, Barclays dropped their price objective on Equity Residential from $83.00 to $79.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $78.36.

Equity Residential Stock Up 1.2 %

EQR opened at $70.61 on Monday. Equity Residential has a 12 month low of $57.33 and a 12 month high of $78.83. The company has a market cap of $26.79 billion, a PE ratio of 28.94, a price-to-earnings-growth ratio of 4.21 and a beta of 0.93. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.76. The company has a 50 day moving average of $71.49 and a 200 day moving average of $72.68.

Equity Residential Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd were given 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 (DPR) is presently 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.