Stableford Capital II LLC Invests $832,000 in Equity Residential $EQR

Stableford Capital II LLC purchased a new position in shares of Equity Residential (NYSE:EQR) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 12,254 shares of the real estate investment trust’s stock, valued at approximately $832,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. CX Institutional increased its position in Equity Residential by 5.7% in the 2nd quarter. CX Institutional now owns 2,939 shares of the real estate investment trust’s stock valued at $200,000 after acquiring an additional 159 shares during the period. Insigneo Advisory Services LLC lifted its position in Equity Residential by 4.9% during the 4th quarter. Insigneo Advisory Services LLC now owns 3,543 shares of the real estate investment trust’s stock worth $223,000 after acquiring an additional 165 shares during the period. Cetera Investment Advisers lifted its position in Equity Residential by 0.3% during the 1st quarter. Cetera Investment Advisers now owns 61,177 shares of the real estate investment trust’s stock worth $3,619,000 after acquiring an additional 171 shares during the period. Leonteq Securities AG grew its stake in shares of Equity Residential by 48.8% in the 1st 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 during the last quarter. Finally, Frank Rimerman Advisors LLC grew its stake in shares of Equity Residential by 4.2% in the 1st quarter. Frank Rimerman Advisors LLC now owns 4,990 shares of the real estate investment trust’s stock valued at $295,000 after purchasing an additional 201 shares during the last quarter. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on EQR shares. Royal Bank Of Canada lowered Equity Residential from an “outperform” rating to a “sector perform” rating and boosted their target price for the company from $69.00 to $70.00 in a report on Monday, June 8th. Wall Street Zen downgraded Equity Residential from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Barclays reiterated an “equal weight” rating and issued a $76.00 price objective on shares of Equity Residential in a research report on Tuesday, July 14th. Wolfe Research upgraded shares of Equity Residential from a “hold” rating to an “outperform” rating in a research report on Monday, June 1st. Finally, BNP Paribas Exane raised their target price 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. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $71.40.

Equity Residential Stock Performance

NYSE EQR opened at $67.64 on Tuesday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.77. The business’s 50 day moving average is $67.51 and its two-hundred day moving average is $64.22. Equity Residential has a 12-month low of $57.57 and a 12-month high of $71.50. The stock has a market capitalization of $25.36 billion, a price-to-earnings ratio of 29.41, a PEG ratio of 5.29 and a beta of 0.74.

Equity Residential Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 29th were paid a $0.7025 dividend. 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 payout ratio is 122.17%.

About Equity Residential

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.