Quantinno Capital Management LP Purchases 16,288 Shares of Equity Residential $EQR

Quantinno Capital Management LP boosted its position in shares of Equity Residential (NYSE:EQR) by 6.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 274,843 shares of the real estate investment trust’s stock after purchasing an additional 16,288 shares during the quarter. Quantinno Capital Management LP’s holdings in Equity Residential were worth $16,257,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of EQR. Fulcrum Asset Management LLP bought a new position in shares of Equity Residential in the third quarter worth approximately $27,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Equity Residential during the third quarter valued at approximately $31,000. Zions Bancorporation National Association UT increased its position in shares of Equity Residential by 375.2% during the fourth quarter. Zions Bancorporation National Association UT now owns 480 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 379 shares in the last quarter. DV Equities LLC bought a new stake in shares of Equity Residential during the fourth quarter valued at approximately $30,000. Finally, Leonteq Securities AG raised its holdings in Equity Residential by 48.8% in the 1st quarter. Leonteq Securities AG now owns 549 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 180 shares during the last quarter. 92.68% of the stock is currently owned by institutional investors.

Equity Residential Trading Up 0.2%

Shares of NYSE:EQR opened at $66.60 on Monday. The stock’s 50-day simple moving average is $67.49 and its two-hundred day simple moving average is $64.17. The stock has a market capitalization of $24.97 billion, a price-to-earnings ratio of 28.96, a PEG ratio of 5.29 and a beta of 0.73. Equity Residential has a 52-week low of $57.57 and a 52-week high of $71.50. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.19 and a current ratio of 0.19.

Equity Residential Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 29th were paid a $0.7025 dividend. This represents a $2.81 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Monday, June 29th. Equity Residential’s dividend payout ratio is 122.17%.

Wall Street Analysts Forecast Growth

EQR has been the topic of several analyst reports. Weiss Ratings cut Equity Residential from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 16th. Wolfe Research raised Equity Residential from a “hold” rating to an “outperform” rating in a report on Monday, June 1st. Stifel Nicolaus boosted their price target on Equity Residential from $78.25 to $79.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Royal Bank Of Canada downgraded Equity Residential from an “outperform” rating to a “sector perform” rating and upped their price target for the company from $69.00 to $70.00 in a report on Monday, June 8th. Finally, Wells Fargo & Company increased their price objective on Equity Residential from $62.00 to $64.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $71.40.

Equity Residential Company Profile

Equity Residential (NYSE: EQR) is a publicly traded real estate investment trust that acquires, develops, owns and operates rental apartment properties. Headquartered in Chicago, the company focuses on delivering professionally managed, market-rate apartment homes and related services to renters. Its operations cover a range of property types, including high-rise and mid-rise assets, with amenities and on-site management designed to support resident retention and occupancy.

The company’s core activities include property acquisitions, development and redevelopment, leasing, and day-to-day property management.