Tokio Marine Asset Management Co. Ltd. Purchases 405 Shares of Equity Residential (NYSE:EQR)

Tokio Marine Asset Management Co. Ltd. lifted its holdings in Equity Residential (NYSE:EQR) by 4.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,807 shares of the real estate investment trust’s stock after purchasing an additional 405 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Equity Residential were worth $730,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Maryland Capital Advisors Inc. bought a new stake in shares of Equity Residential in the 3rd quarter valued at approximately $25,000. Assetmark Inc. lifted its position in Equity Residential by 2,529.4% in the third quarter. Assetmark Inc. now owns 447 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 430 shares during the last quarter. UMB Bank n.a. boosted its stake in Equity Residential by 69.6% during the third quarter. UMB Bank n.a. now owns 475 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 195 shares during the period. Massmutual Trust Co. FSB ADV raised its stake in shares of Equity Residential by 41.9% in the second quarter. Massmutual Trust Co. FSB ADV now owns 525 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 155 shares during the period. Finally, HHM Wealth Advisors LLC boosted its stake in shares of Equity Residential by 146.6% during the 2nd quarter. HHM Wealth Advisors LLC now owns 550 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 327 shares during the period. Institutional investors own 92.68% of the company’s stock.

Equity Residential Price Performance

Shares of EQR opened at $73.59 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.13 and a quick ratio of 0.13. The company’s fifty day moving average price is $74.32 and its 200-day moving average price is $70.71. Equity Residential has a 1-year low of $54.53 and a 1-year high of $78.83. The firm has a market capitalization of $27.92 billion, a PE ratio of 30.16, a price-to-earnings-growth ratio of 6.07 and a beta of 0.90.

Equity Residential Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Tuesday, September 24th were issued a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date was Tuesday, September 24th. Equity Residential’s dividend payout ratio is presently 110.66%.

Analyst Ratings Changes

Several analysts have recently weighed in on EQR shares. JPMorgan Chase & Co. lifted their target price on Equity Residential from $68.00 to $80.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Bank of America cut shares of Equity Residential from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $78.00 to $82.00 in a research report on Tuesday, September 24th. Evercore ISI raised their target price on shares of Equity Residential from $75.00 to $76.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Scotiabank lowered their price target on Equity Residential from $81.00 to $78.00 and set a “sector perform” rating for the company in a report on Thursday. Finally, Piper Sandler raised their price objective on Equity Residential from $80.00 to $85.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $77.25.

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.