Everence Capital Management Inc. Sells 710 Shares of Equity Residential (NYSE:EQR)

Everence Capital Management Inc. decreased its holdings in shares of Equity Residential (NYSE:EQR) by 9.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,790 shares of the real estate investment trust’s stock after selling 710 shares during the period. Everence Capital Management Inc.’s holdings in Equity Residential were worth $487,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of EQR. Maryland Capital Advisors Inc. bought a new position in shares of Equity Residential during the third quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB purchased a new position in Equity Residential during the 3rd quarter valued at $29,000. Assetmark Inc. raised its holdings in Equity Residential by 2,529.4% in the 3rd quarter. Assetmark Inc. now owns 447 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 430 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Equity Residential in the 3rd quarter worth about $33,000. Finally, UMB Bank n.a. boosted its stake 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 purchasing an additional 195 shares in the last quarter. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Equity Residential Stock Performance

Shares of EQR opened at $70.90 on Monday. Equity Residential has a 12 month low of $57.33 and a 12 month high of $78.83. The business’s fifty day simple moving average is $73.16 and its two-hundred day simple moving average is $72.59. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.76. The company has a market cap of $26.90 billion, a price-to-earnings ratio of 29.06, a P/E/G ratio of 5.90 and a beta of 0.93.

Equity Residential Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, January 2nd will be issued a $0.675 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $2.70 annualized dividend and a yield of 3.81%. Equity Residential’s payout ratio is 110.66%.

Analyst Upgrades and Downgrades

Several analysts have commented on EQR shares. BNP Paribas began coverage on shares of Equity Residential in a report on Wednesday, September 11th. They issued an “outperform” rating and a $83.00 price objective for the company. Deutsche Bank Aktiengesellschaft upgraded Equity Residential from a “hold” rating to a “buy” rating and lifted their price target for the company from $62.00 to $83.00 in a research report on Tuesday, September 10th. Royal Bank of Canada decreased their price objective on Equity Residential from $83.00 to $79.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Scotiabank dropped their target price on shares of Equity Residential from $81.00 to $78.00 and set a “sector perform” rating on the stock in a report on Thursday, November 14th. Finally, JPMorgan Chase & Co. increased their price target on shares of Equity Residential from $68.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Equity Residential has an average rating of “Hold” and a consensus price target of $78.14.

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.