Achmea Investment Management B.V. Purchases 12,754 Shares of Equity Residential (NYSE:EQR)

Achmea Investment Management B.V. lifted its position in shares of Equity Residential (NYSE:EQR - Free Report) by 20.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,670 shares of the real estate investment trust's stock after acquiring an additional 12,754 shares during the quarter. Achmea Investment Management B.V.'s holdings in Equity Residential were worth $5,286,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Equity Residential by 806.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,259,145 shares of the real estate investment trust's stock valued at $317,136,000 after purchasing an additional 3,789,234 shares in the last quarter. FMR LLC boosted its position in Equity Residential by 29.0% during the 3rd quarter. FMR LLC now owns 7,746,494 shares of the real estate investment trust's stock worth $576,804,000 after buying an additional 1,741,840 shares during the period. Principal Financial Group Inc. grew its holdings in Equity Residential by 8.3% during the 3rd quarter. Principal Financial Group Inc. now owns 7,745,615 shares of the real estate investment trust's stock worth $576,737,000 after acquiring an additional 591,866 shares during the last quarter. Heitman Real Estate Securities LLC increased its position in Equity Residential by 2,193.2% in the 3rd quarter. Heitman Real Estate Securities LLC now owns 416,647 shares of the real estate investment trust's stock valued at $31,024,000 after acquiring an additional 398,478 shares during the period. Finally, KBC Group NV raised its stake in shares of Equity Residential by 100.9% during the fourth quarter. KBC Group NV now owns 691,061 shares of the real estate investment trust's stock valued at $49,590,000 after acquiring an additional 347,085 shares during the last quarter. Institutional investors own 92.68% of the company's stock.

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Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on EQR. StockNews.com raised shares of Equity Residential from a "sell" rating to a "hold" rating in a research note on Saturday, February 8th. Barclays lowered their price objective on Equity Residential from $83.00 to $79.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. Scotiabank upped their target price on Equity Residential from $78.00 to $79.00 and gave the company a "sector perform" rating in a report on Friday, February 14th. Truist Financial increased their price objective on shares of Equity Residential from $76.00 to $78.00 and gave the stock a "buy" rating in a research report on Monday, March 10th. Finally, Mizuho dropped their target price on shares of Equity Residential from $78.00 to $74.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Eleven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $78.51.

Insider Activity at Equity Residential

In related news, CAO Ian Kaufman sold 642 shares of the business's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $72.06, for a total value of $46,262.52. Following the transaction, the chief accounting officer now directly owns 25,539 shares of the company's stock, valued at approximately $1,840,340.34. The trade was a 2.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Scott Fenster sold 5,340 shares of the firm's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $72.06, for a total transaction of $384,800.40. Following the sale, the executive vice president now owns 35,507 shares of the company's stock, valued at $2,558,634.42. This trade represents a 13.07 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,763 shares of company stock valued at $1,424,217. 1.00% of the stock is owned by insiders.

Equity Residential Stock Down 0.9 %

Shares of EQR traded down $0.66 during trading hours on Tuesday, reaching $69.40. 305,010 shares of the stock traded hands, compared to its average volume of 1,579,336. Equity Residential has a 52 week low of $59.48 and a 52 week high of $78.84. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.72. The stock has a fifty day simple moving average of $70.60 and a 200 day simple moving average of $72.77. The company has a market cap of $26.35 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 3.99 and a beta of 0.91.

About Equity Residential

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.