New Age Alpha Advisors LLC increased its stake in Equity Residential (NYSE:EQR) by 23.7%, holding 104,413 shares valued at approximately $7.47 million. The fund owned 104,413 shares of the real estate investment trust's stock after buying an additional 19,995 shares during the period. Equity Residential reported a quarterly EPS of $0.99, aligning with analysts' estimates, while its revenue was up 4.7% year-over-year, totaling $768.83 million. The company recently declared a quarterly dividend of $0.6925 per share, leading to an annualized dividend yield of 4.4%, despite a payout ratio of 105.73%. Several other large investors have also bought and sold shares of the company. APG Asset Management US Inc. raised its holdings by 0.5% in the fourth quarter, now owning 11,664,576 shares worth $837,050,000. Invesco Ltd. grew its stake by 12.0%, now owning 6,522,442 shares worth $468,050,000. Northern Trust Corp grew its stake by 53.1%, now owning 6,476,004 shares worth $464,718,000. Dimensional Fund Advisors LP grew its stake by 1.2%, now owning 5,224,576 shares worth $374,911,000. UBS AM grew its stake by 5.6%, now owning 4,497,831 shares worth $322,764,000. 92.68% of the stock is owned by hedge funds and other institutional investors. Equity Residential traded down $0.70 during mid-day trading on Friday, reaching $63.19, with 1,337,577 shares traded compared to its average volume of 2,193,361. The company has a market cap of $24.13 billion, a price-to-earnings ratio of 23.85, a PEG ratio of 3.29, and a beta of 0.92. The stock has a 50-day moving average of $67.13 and a two-hundred-day moving average of $68.88. The company has a quick ratio of 0.20, a current ratio of 0.17, and a debt-to-equity ratio of 0.75. Equity Residential has a 12-month low of $59.41 and a 12-month high of $78.83. The company last released its quarterly earnings results on August 4th, reporting $0.99 EPS, meeting analysts' estimates, and revenue of $768.83 million, up 4.7% year-over-year. The company had a net margin of 33.22% and a return on equity of 9.05%. Analysts have provided various ratings: Scotiabank reduced its price target from $82.00 to $78.00 and set a 'sector perform' rating; Stifel Nicolaus set a $80.50 target and a 'buy' rating; Royal Bank of Canada boosted its target to $76.00 and gave an 'outperform' rating; Mizuho cut its target to $71.00 and set a 'neutral' rating; Barclays boosted its target to $83.00 and gave an 'overweight' rating. One analyst has a sell rating, seven have a hold rating, and eight have a buy rating. The consensus rating is 'Hold' with an average price target of $78.43. Equity Residential is committed to creating communities where people thrive, focusing on the acquisition, development, and management of residential properties in dynamic cities. The company owns or has investments in 305 properties with 80,683 apartment units, with a presence in Boston, New York, Washington, DC, Seattle, San Francisco, Southern California, and expanding in Denver, Atlanta, and Dallas/Ft. Worth noting, while the stock has a moderate buy rating among analysts, top-rated analysts believe other stocks may be better buys at this time.

New Age Alpha Advisors LLC Buys 19,995 Shares of Equity Residential (NYSE:EQR)

New Age Alpha Advisors LLC increased its stake in Equity Residential by 23.7%, holding 104,413 shares valued at approximately $7.47 million. The company reported a quarterly earnings per share (EPS) of $0.99, in line with estimates, and a 4.7% year-over-year revenue increase to $768.83 million. Equity Residential declared a quarterly dividend of $0.6925 per share, resulting in a 4.4% annualized yield despite a 105.73% payout ratio. Other major institutional investors, including APG, Invesco, Northern Trust, Dimensional Fund Advisors, and UBS AM, also adjusted their holdings. The company has a market capitalization of $24.13 billion, a price-to-earnings ratio of 23.85, and a debt-to-equity ratio of 0.75. It operates in dynamic cities such as Boston, New York, Washington, DC, Seattle, San Francisco, Southern California, and is expanding into Denver, Atlanta, and Dallas/Ft. Worth. Analysts have provided mixed ratings, with a consensus 'Hold' and an average price target of $78.43.