Stableford Capital II LLC Buys New Stake in Equity Residential $EQR

Stableford Capital II LLC purchased a new stake in Equity Residential (NYSE:EQR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,254 shares of the real estate investment trust’s stock, valued at approximately $832,000.

Other institutional investors also recently bought and sold shares of the company. Fulcrum Asset Management LLP acquired a new position in shares of Equity Residential during the 3rd quarter worth about $27,000. Zions Bancorporation National Association UT raised its position in shares of Equity Residential by 375.2% during the 4th quarter. Zions Bancorporation National Association UT now owns 480 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 379 shares in the last quarter. DV Equities LLC purchased a new stake in Equity Residential during the fourth quarter worth approximately $30,000. Harvest Fund Management Co. Ltd purchased a new stake in Equity Residential during the third quarter worth approximately $31,000. Finally, Leonteq Securities AG boosted its holdings in Equity Residential by 48.8% in the first quarter. Leonteq Securities AG now owns 549 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 180 shares in the last quarter. 92.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Jefferies Financial Group upgraded shares of Equity Residential to a “hold” rating in a research note on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $72.00 target price on shares of Equity Residential in a report on Monday, July 20th. Wall Street Zen downgraded shares of Equity Residential from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. BNP Paribas Exane lifted their price target on shares of Equity Residential from $68.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Finally, Barclays reissued an “equal weight” rating and issued a $76.00 price target on shares of Equity Residential in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat.com, Equity Residential presently has an average rating of “Hold” and a consensus price target of $71.40.

Equity Residential Trading Up 1.8%

NYSE:EQR opened at $67.64 on Tuesday. The company has a market capitalization of $25.36 billion, a PE ratio of 29.41, a P/E/G ratio of 5.29 and a beta of 0.74. Equity Residential has a 52-week low of $57.57 and a 52-week high of $71.50. The stock’s 50 day moving average price is $67.51 and its 200 day moving average price is $64.22. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.77.

Equity Residential Dividend Announcement

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

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.