Edgestream Partners L.P. Has $2.66 Million Position in Equity Residential (NYSE:EQR)

Edgestream Partners L.P. grew its holdings in shares of Equity Residential (NYSE:EQR) by 27.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,781 shares of the real estate investment trust’s stock after buying an additional 7,793 shares during the quarter. Edgestream Partners L.P.’s holdings in Equity Residential were worth $2,664,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Tobam grew its stake in shares of Equity Residential by 8.6% in the 3rd quarter. Tobam now owns 1,927 shares of the real estate investment trust’s stock worth $143,000 after acquiring an additional 152 shares in the last quarter. Checchi Capital Advisers LLC increased its position in shares of Equity Residential by 4.5% during the 2nd quarter. Checchi Capital Advisers LLC now owns 3,522 shares of the real estate investment trust’s stock valued at $244,000 after purchasing an additional 153 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its position in Equity Residential by 41.9% during the second quarter. Massmutual Trust Co. FSB ADV now owns 525 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 155 shares during the period. UMB Bank n.a. grew its position in shares of Equity Residential by 69.6% during the 3rd quarter. UMB Bank n.a. now owns 475 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 195 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Equity Residential by 32.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 811 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 92.68% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Scotiabank dropped their price target on Equity Residential from $81.00 to $78.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft raised shares of Equity Residential from a “hold” rating to a “buy” rating and boosted their price target for the company from $62.00 to $83.00 in a research report on Tuesday, September 10th. Evercore ISI raised their target price on Equity Residential from $75.00 to $76.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. BNP Paribas initiated coverage on Equity Residential in a research note on Wednesday, September 11th. They set an “outperform” rating and a $83.00 price objective for the company. Finally, Bank of America lowered shares of Equity Residential from a “buy” rating to a “neutral” rating and upped their target price for the stock from $78.00 to $82.00 in a research report on Tuesday, September 24th. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $77.25.

Equity Residential Trading Down 1.9 %

Shares of EQR opened at $75.24 on Tuesday. Equity Residential has a 1-year low of $57.33 and a 1-year high of $78.83. The firm has a market capitalization of $28.55 billion, a price-to-earnings ratio of 30.84, a PEG ratio of 6.22 and a beta of 0.90. The firm’s 50-day moving average price is $74.10 and its 200-day moving average price is $71.45. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.76.

Equity Residential Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Tuesday, September 24th were paid a $0.675 dividend. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $2.70 annualized dividend and a yield of 3.59%. Equity Residential’s payout ratio is 110.66%.

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.