Vanderbilt University Has $2.73 Million Stock Position in Equity Residential (NYSE:EQR)

Vanderbilt University raised its stake in Equity Residential (NYSE:EQR) by 2.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,098 shares of the real estate investment trust’s stock after acquiring an additional 914 shares during the quarter. Vanderbilt University’s holdings in Equity Residential were worth $2,734,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of EQR. Maryland Capital Advisors Inc. acquired a new stake in shares of Equity Residential in the third quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Equity Residential in the 3rd quarter valued at $29,000. Brooklyn Investment Group bought a new stake in shares of Equity Residential during the third quarter worth $33,000. Assetmark Inc. lifted its stake in shares of Equity Residential by 2,529.4% during the third quarter. Assetmark Inc. now owns 447 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 430 shares during the period. Finally, UMB Bank n.a. boosted its holdings in Equity Residential by 69.6% in the third quarter. UMB Bank n.a. now owns 475 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 195 shares during the last quarter. 92.68% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EQR has been the subject of several recent research reports. Mizuho dropped their price objective on Equity Residential from $78.00 to $74.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Royal Bank of Canada dropped their price target on shares of Equity Residential from $83.00 to $79.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Stifel Nicolaus raised shares of Equity Residential from a “hold” rating to a “buy” rating and raised their price objective for the company from $77.75 to $81.50 in a research note on Wednesday, November 13th. Scotiabank dropped their target price on shares of Equity Residential from $81.00 to $78.00 and set a “sector perform” rating for the company in a research report on Thursday, November 14th. Finally, Wells Fargo & Company cut their price target on Equity Residential from $77.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $78.36.

Equity Residential Stock Performance

Shares of EQR opened at $71.99 on Thursday. The firm has a market cap of $27.31 billion, a P/E ratio of 29.50, a PEG ratio of 4.35 and a beta of 0.93. Equity Residential has a twelve month low of $57.33 and a twelve month high of $78.83. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.13 and a current ratio of 0.13. The firm’s 50 day moving average price is $71.24 and its two-hundred day moving average price is $72.71.

Equity Residential Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 2nd were paid a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date was Thursday, January 2nd. Equity Residential’s payout ratio is presently 99.26%.

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.