First Affirmative Financial Network Has $418,000 Stock Holdings in Equity Residential (NYSE:EQR)

First Affirmative Financial Network reduced its holdings in Equity Residential (NYSE:EQR) by 6.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 5,614 shares of the real estate investment trust’s stock after selling 370 shares during the quarter. First Affirmative Financial Network’s holdings in Equity Residential were worth $418,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Fidelis Capital Partners LLC acquired a new stake in Equity Residential in the first quarter valued at $27,000. UMB Bank n.a. grew its position in shares of Equity Residential by 69.6% in the 3rd quarter. UMB Bank n.a. now owns 475 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 195 shares during the last quarter. Massmutual Trust Co. FSB ADV increased 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 buying an additional 155 shares during the period. Voisard Asset Management Group Inc. bought a new position in shares of Equity Residential during the fourth quarter worth about $33,000. Finally, 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 acquiring an additional 327 shares during the period. Institutional investors own 92.68% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on EQR. Wells Fargo & Company lowered shares of Equity Residential from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $69.00 to $77.00 in a report on Monday, August 26th. Deutsche Bank Aktiengesellschaft upgraded shares of Equity Residential from a “hold” rating to a “buy” rating and boosted their target price for the company from $62.00 to $83.00 in a report on Tuesday, September 10th. Piper Sandler increased their price target on Equity Residential from $80.00 to $85.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. boosted their price objective on Equity Residential from $68.00 to $80.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Finally, Royal Bank of Canada raised their target price on Equity Residential from $74.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Twelve analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $75.97.

Equity Residential Stock Performance

EQR opened at $73.09 on Friday. The company has a market cap of $27.74 billion, a price-to-earnings ratio of 30.33, a PEG ratio of 6.05 and a beta of 0.89. The company’s fifty day moving average price is $73.89 and its two-hundred day moving average price is $68.84. Equity Residential has a 1-year low of $52.57 and a 1-year high of $78.83. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.64.

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

Equity Residential Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Tuesday, September 24th were given a dividend of $0.675 per share. The ex-dividend date was Tuesday, September 24th. This represents a $2.70 annualized dividend and a dividend yield of 3.69%. Equity Residential’s payout ratio is 112.03%.

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.