TD Asset Management Inc Sells 1,395 Shares of Equity Residential (NYSE:EQR)

TD Asset Management Inc trimmed its holdings in Equity Residential (NYSE:EQRFree Report) by 1.2% in the 2nd quarter, Holdings Channel reports. The fund owned 112,385 shares of the real estate investment trust’s stock after selling 1,395 shares during the quarter. TD Asset Management Inc’s holdings in Equity Residential were worth $7,414,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Achmea Investment Management B.V. increased its stake in Equity Residential by 17.7% during the 2nd quarter. Achmea Investment Management B.V. now owns 48,650 shares of the real estate investment trust’s stock valued at $3,210,000 after purchasing an additional 7,321 shares in the last quarter. Arizona State Retirement System increased its stake in Equity Residential by 5.0% during the 2nd quarter. Arizona State Retirement System now owns 102,891 shares of the real estate investment trust’s stock valued at $6,788,000 after purchasing an additional 4,863 shares in the last quarter. Natixis Advisors L.P. increased its stake in Equity Residential by 14.0% during the 1st quarter. Natixis Advisors L.P. now owns 64,078 shares of the real estate investment trust’s stock valued at $3,844,000 after purchasing an additional 7,871 shares in the last quarter. Signaturefd LLC increased its stake in Equity Residential by 20.3% during the 2nd quarter. Signaturefd LLC now owns 4,109 shares of the real estate investment trust’s stock valued at $271,000 after purchasing an additional 693 shares in the last quarter. Finally, Mcmillion Capital Management Inc. bought a new stake in Equity Residential during the 2nd quarter valued at about $61,000. 84.79% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Equity Residential news, Chairman David J. Neithercut sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $54.25, for a total transaction of $1,356,250.00. Following the sale, the chairman now owns 3,392 shares in the company, valued at approximately $184,016. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.69% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on EQR shares. Stifel Nicolaus reduced their price objective on shares of Equity Residential from $60.00 to $59.50 and set a “hold” rating for the company in a research note on Friday. JPMorgan Chase & Co. raised their price target on shares of Equity Residential from $72.00 to $73.00 and gave the company a “neutral” rating in a report on Monday, August 21st. Royal Bank of Canada dropped their price target on shares of Equity Residential from $68.00 to $65.00 and set an “outperform” rating on the stock in a report on Thursday, November 2nd. Truist Financial raised their price target on shares of Equity Residential from $71.00 to $77.00 and gave the company a “buy” rating in a report on Monday, August 14th. Finally, Wedbush began coverage on shares of Equity Residential in a report on Tuesday, October 3rd. They set a “neutral” rating and a $62.00 price target on the stock. One research analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Equity Residential currently has a consensus rating of “Hold” and a consensus target price of $65.68.

Check Out Our Latest Report on EQR

Equity Residential Stock Performance

EQR opened at $56.09 on Tuesday. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.67. The company has a market cap of $21.30 billion, a price-to-earnings ratio of 31.16, a PEG ratio of 3.04 and a beta of 0.86. The company’s 50 day moving average is $57.95 and its 200 day moving average is $62.26. Equity Residential has a 12-month low of $52.57 and a 12-month high of $69.45.

Equity Residential Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Tuesday, September 26th were paid a dividend of $0.6625 per share. This represents a $2.65 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date of this dividend was Monday, September 25th. Equity Residential’s payout ratio is 147.22%.

Equity Residential Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Equity Residential (NYSE:EQR)

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