Achmea Investment Management B.V. lifted its stake in shares of Equity Residential (NYSE:EQR - Free Report) by 20.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. SRS Capital Advisors Inc. increased its holdings in Equity Residential by 607.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 361 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 310 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Equity Residential during the 3rd quarter worth $29,000. Brooklyn Investment Group purchased a new position in shares of Equity Residential during the third quarter valued at $33,000. Assetmark Inc. raised its holdings in shares of Equity Residential by 2,529.4% in the third quarter. Assetmark Inc. now owns 447 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 430 shares in the last quarter. Finally, Continuum Advisory LLC purchased a new stake in Equity Residential in the third quarter worth about $40,000. Institutional investors own 92.68% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have commented on EQR. Barclays cut their target price on shares of Equity Residential from $83.00 to $79.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Scotiabank boosted their price objective on shares of Equity Residential from $78.00 to $79.00 and gave the stock a "sector perform" rating in a research note on Friday, February 14th. Stifel Nicolaus set a $82.25 target price on Equity Residential in a research report on Tuesday, February 4th. StockNews.com upgraded Equity Residential from a "sell" rating to a "hold" rating in a report on Saturday, February 8th. Finally, Truist Financial upped their price objective on Equity Residential from $76.00 to $78.00 and gave the stock a "buy" rating in a research note on Monday, March 10th. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Equity Residential currently has a consensus rating of "Hold" and an average target price of $78.51.
Get Our Latest Stock Analysis on Equity Residential
Equity Residential Stock Performance
Equity Residential stock traded down $0.60 during mid-day trading on Tuesday, reaching $69.46. 1,553,245 shares of the company traded hands, compared to its average volume of 1,583,593. Equity Residential has a fifty-two week low of $59.48 and a fifty-two week high of $78.84. The firm's fifty day moving average is $70.64 and its two-hundred day moving average is $72.73. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.36 and a quick ratio of 0.36. The company has a market capitalization of $26.38 billion, a price-to-earnings ratio of 25.54, a price-to-earnings-growth ratio of 3.99 and a beta of 0.91.
Insider Activity at Equity Residential
In related news, CAO Ian Kaufman sold 642 shares of Equity Residential stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $72.06, for a total transaction of $46,262.52. Following the completion of the sale, the chief accounting officer now owns 25,539 shares of the company's stock, valued at $1,840,340.34. The trade was a 2.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Michael L. Manelis sold 9,487 shares of the company's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $72.07, for a total value of $683,728.09. Following the completion of the sale, the chief operating officer now owns 26,781 shares in the company, valued at approximately $1,930,106.67. This represents a 26.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,763 shares of company stock valued at $1,424,217 in the last ninety days. Company insiders own 1.00% of the company's stock.
Equity Residential Profile
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Free Report)
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.
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