Jones Financial Companies Lllp Boosts Stock Position in Equity Residential $EQR

Jones Financial Companies Lllp raised its holdings in Equity Residential (NYSE:EQR) by 24.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 238,966 shares of the real estate investment trust’s stock after acquiring an additional 46,663 shares during the quarter. Jones Financial Companies Lllp owned approximately 0.06% of Equity Residential worth $15,421,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. CVA Family Office LLC increased its stake in Equity Residential by 425.3% in the 2nd quarter. CVA Family Office LLC now owns 415 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 336 shares during the period. FNY Investment Advisers LLC grew its stake in Equity Residential by 1,000.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 660 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 600 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in shares of Equity Residential during the second quarter worth approximately $61,000. MUFG Securities EMEA plc bought a new stake in shares of Equity Residential during the second quarter valued at approximately $68,000. Finally, Trust Co. of Toledo NA OH bought a new stake in shares of Equity Residential during the second quarter valued at approximately $83,000. 92.68% of the stock is currently owned by institutional investors.

Equity Residential Price Performance

EQR opened at $63.02 on Thursday. The firm has a market capitalization of $23.98 billion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 4.20 and a beta of 0.76. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.45 and a quick ratio of 0.45. The business’s 50-day moving average is $61.72 and its two-hundred day moving average is $62.76. Equity Residential has a 1 year low of $58.38 and a 1 year high of $75.86.

Equity Residential Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 2nd were given a dividend of $0.6925 per share. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $2.77 dividend on an annualized basis and a yield of 4.4%. Equity Residential’s dividend payout ratio is presently 91.42%.

Wall Street Analysts Forecast Growth

EQR has been the topic of several research reports. JPMorgan Chase & Co. reduced their price objective on Equity Residential from $75.00 to $71.00 and set a “neutral” rating on the stock in a report on Thursday, December 4th. Evercore ISI dropped their price target on Equity Residential from $70.00 to $68.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. UBS Group lifted their price objective on Equity Residential from $68.00 to $71.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Piper Sandler set a $78.00 target price on shares of Equity Residential in a report on Tuesday, January 27th. Finally, Mizuho cut their target price on shares of Equity Residential from $66.00 to $65.00 and set a “neutral” rating on the stock in a research report on Monday, November 24th. Seven research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $70.01.

Equity Residential 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.