Inspire Advisors LLC Has $570,000 Stock Holdings in Equity Residential (NYSE:EQR)

Inspire Advisors LLC cut its holdings in Equity Residential (NYSE:EQR) by 5.1% in the third quarter, Holdings Channel.com reports. The fund owned 7,657 shares of the real estate investment trust’s stock after selling 412 shares during the quarter. Inspire Advisors LLC’s holdings in Equity Residential were worth $570,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC acquired a new stake in shares of Equity Residential in the first quarter worth $27,000. UMB Bank n.a. lifted its stake in shares of 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 worth $35,000 after buying an additional 195 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted 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 worth $36,000 after buying an additional 155 shares during the last quarter. HHM Wealth Advisors LLC lifted its stake in shares of Equity Residential by 146.6% in the second quarter. HHM Wealth Advisors LLC now owns 550 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 327 shares during the last quarter. Finally, Richardson Financial Services Inc. acquired a new stake in shares of Equity Residential in the first quarter worth $41,000. 92.68% of the stock is currently owned by institutional investors and hedge funds.

Equity Residential Trading Up 1.0 %

Shares of Equity Residential stock opened at $75.63 on Friday. The firm has a market capitalization of $28.71 billion, a PE ratio of 31.38, a price-to-earnings-growth ratio of 6.05 and a beta of 0.89. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.21 and a quick ratio of 0.21. The company’s fifty day moving average price is $74.30 and its two-hundred day moving average price is $69.22. Equity Residential has a 52-week low of $52.57 and a 52-week high of $78.83.

Equity Residential (NYSE:EQR) last announced its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.49). The business had revenue of $734.20 million during the quarter, compared to the consensus estimate of $735.26 million. Equity Residential had a net margin of 32.83% and a return on equity of 8.53%. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the firm earned $0.94 EPS. On average, analysts expect that Equity Residential will post 3.89 EPS for the current year.

Equity Residential Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Tuesday, September 24th were paid a $0.675 dividend. The ex-dividend date was Tuesday, September 24th. This represents a $2.70 annualized dividend and a dividend yield of 3.57%. Equity Residential’s dividend payout ratio is presently 112.03%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective 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. Royal Bank of Canada boosted their price objective on shares of Equity Residential from $74.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. BNP Paribas began coverage on shares of Equity Residential in a research note on Wednesday, September 11th. They issued an “outperform” rating and a $83.00 price objective for the company. Evercore ISI boosted 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. Finally, UBS Group boosted their target price on shares of Equity Residential from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Twelve analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $75.97.

Equity Residential 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.