Sarasin & Partners LLP Has $7.31 Million Stock Position in Equity Residential (NYSE:EQR)

Sarasin & Partners LLP cut its position in shares of Equity Residential (NYSE:EQR) by 2.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,217 shares of the real estate investment trust’s stock after selling 2,836 shares during the quarter. Sarasin & Partners LLP’s holdings in Equity Residential were worth $7,313,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of EQR. BNP Paribas Financial Markets lifted its stake in shares of Equity Residential by 36.6% in the first quarter. BNP Paribas Financial Markets now owns 569,829 shares of the real estate investment trust’s stock valued at $35,962,000 after buying an additional 152,736 shares in the last quarter. QRG Capital Management Inc. increased its holdings in Equity Residential by 200.9% during the first quarter. QRG Capital Management Inc. now owns 77,019 shares of the real estate investment trust’s stock worth $4,861,000 after buying an additional 51,423 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Equity Residential by 1.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,267,675 shares of the real estate investment trust’s stock worth $1,279,095,000 after purchasing an additional 381,236 shares in the last quarter. U.S. Capital Wealth Advisors LLC purchased a new position in shares of Equity Residential in the second quarter worth about $3,893,000. Finally, Royal London Asset Management Ltd. grew its stake in Equity Residential by 13.7% during the fourth quarter. Royal London Asset Management Ltd. now owns 165,650 shares of the real estate investment trust’s stock valued at $10,131,000 after acquiring an additional 20,010 shares in the last quarter. 92.68% of the stock is currently owned by institutional investors and hedge funds.

Equity Residential Price Performance

Shares of EQR stock traded up $0.51 on Friday, reaching $72.67. The company’s stock had a trading volume of 91,257 shares, compared to its average volume of 1,883,805. The company has a market capitalization of $27.55 billion, a price-to-earnings ratio of 28.75, a price-to-earnings-growth ratio of 6.05 and a beta of 0.89. The stock’s fifty day simple moving average is $73.83 and its 200-day simple moving average is $68.71. Equity Residential has a 1 year low of $52.57 and a 1 year high of $78.83. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.64.

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

Equity Residential Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Tuesday, September 24th will be paid a $0.675 dividend. The ex-dividend date is Tuesday, September 24th. This represents a $2.70 annualized dividend and a yield of 3.72%. Equity Residential’s dividend payout ratio (DPR) is presently 107.57%.

Analyst Ratings Changes

Several brokerages have issued reports on EQR. The Goldman Sachs Group assumed coverage on shares of Equity Residential in a research report on Wednesday, September 4th. They set a “neutral” rating and a $81.00 target price for the company. Piper Sandler upped their price target on shares of Equity Residential from $80.00 to $85.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Evercore ISI upped their price target on shares of Equity Residential from $75.00 to $76.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft upgraded shares of Equity Residential from a “hold” rating to a “buy” rating and upped their price target for the company from $62.00 to $83.00 in a report on Tuesday, September 10th. Finally, Royal Bank of Canada boosted their price objective on shares of Equity Residential from $74.00 to $75.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Twelve analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $75.97.

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.