Dimensional Fund Advisors LP Purchases 5,933 Shares of Equity Residential (NYSE:EQR)

Dimensional Fund Advisors LP grew its position in shares of Equity Residential (NYSE:EQR) by 0.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 5,232,876 shares of the real estate investment trust’s stock after buying an additional 5,933 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Equity Residential were worth $362,839,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Fidelis Capital Partners LLC bought a new position in shares of Equity Residential during the 1st quarter worth approximately $27,000. Massmutual Trust Co. FSB ADV lifted its position in shares of Equity Residential by 41.9% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 525 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 155 shares in the last quarter. Voisard Asset Management Group Inc. bought a new position in shares of Equity Residential during the 4th quarter worth approximately $33,000. HHM Wealth Advisors LLC lifted its position in shares of Equity Residential by 146.6% during the 2nd quarter. HHM Wealth Advisors LLC now owns 550 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 327 shares in the last quarter. Finally, Richardson Financial Services Inc. bought a new position in shares of Equity Residential during the 1st quarter worth approximately $41,000. Institutional investors own 92.68% of the company’s stock.

Insider Transactions at Equity Residential

In other news, CFO Robert Garechana sold 6,357 shares of Equity Residential stock in a transaction on Monday, June 24th. The shares were sold at an average price of $69.08, for a total transaction of $439,141.56. Following the completion of the sale, the chief financial officer now directly owns 14,576 shares of the company’s stock, valued at approximately $1,006,910.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is currently owned by insiders.

Equity Residential Stock Down 0.4 %

EQR opened at $77.77 on Tuesday. The company has a fifty day moving average price of $71.97 and a 200-day moving average price of $67.27. The firm has a market capitalization of $29.52 billion, a P/E ratio of 32.27, a price-to-earnings-growth ratio of 4.27 and a beta of 0.89. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.21 and a quick ratio of 0.21. Equity Residential has a one year low of $52.57 and a one year high of $78.83.

Equity Residential (NYSE:EQR) last released its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.49). The firm had revenue of $734.20 million for the quarter, compared to analysts’ expectations of $735.26 million. Equity Residential had a net margin of 32.83% and a return on equity of 8.53%. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.94 earnings per share. Equities research analysts expect that Equity Residential will post 3.89 earnings per share for the current fiscal year.

Equity Residential Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Tuesday, September 24th will be given a dividend of $0.675 per share. The ex-dividend date of this dividend is Tuesday, September 24th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 3.47%. Equity Residential’s dividend payout ratio (DPR) is currently 112.03%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EQR. Evercore ISI raised their price target on shares of Equity Residential from $75.00 to $76.00 and gave the stock an “in-line” rating in a research note on Monday. Scotiabank raised their price target on shares of Equity Residential from $77.00 to $81.00 and gave the stock a “sector perform” rating in a research note on Monday. Mizuho raised their price target on shares of Equity Residential from $61.00 to $64.00 and gave the stock a “neutral” rating in a research note on Thursday, May 30th. Wells Fargo & Company lowered shares of 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. Finally, Truist Financial raised their price target on shares of Equity Residential from $73.00 to $77.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Twelve analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Equity Residential presently has a consensus rating of “Hold” and an average target price of $75.62.

Equity Residential Company 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.