American Assets Capital Advisers LLC Grows Stock Position in Equity Residential (NYSE:EQR)

American Assets Capital Advisers LLC lifted its holdings in Equity Residential (NYSE:EQR - Free Report) by 70.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,577 shares of the real estate investment trust's stock after purchasing an additional 4,777 shares during the period. American Assets Capital Advisers LLC's holdings in Equity Residential were worth $831,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. State Street Corp lifted its holdings in Equity Residential by 1.4% during the third quarter. State Street Corp now owns 23,922,127 shares of the real estate investment trust's stock valued at $1,796,976,000 after purchasing an additional 321,002 shares in the last quarter. Geode Capital Management LLC lifted its stake in Equity Residential by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 9,353,944 shares of the real estate investment trust's stock valued at $694,441,000 after buying an additional 132,638 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Equity Residential by 2.0% in the 4th quarter. Principal Financial Group Inc. now owns 7,897,863 shares of the real estate investment trust's stock worth $566,749,000 after buying an additional 152,248 shares during the last quarter. FMR LLC increased its stake 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 in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings 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 acquiring an additional 3,789,234 shares during the last quarter. Institutional investors and hedge funds own 92.68% of the company's stock.

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Analysts Set New Price Targets

A number of analysts have recently issued reports on EQR shares. StockNews.com raised Equity Residential from a "sell" rating to a "hold" rating in a research note on Saturday, February 8th. Wells Fargo & Company lowered their target price on shares of Equity Residential from $77.00 to $75.00 and set an "equal weight" rating on the stock in a research note on Friday, January 24th. Barclays reduced their target price on shares of Equity Residential from $83.00 to $79.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. Stifel Nicolaus set a $82.25 price target on shares of Equity Residential in a research report on Tuesday, February 4th. Finally, Mizuho cut their price objective on shares of Equity Residential from $78.00 to $74.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $78.51.

Insiders Place Their Bets

In related news, CFO Robert Garechana sold 4,294 shares of the stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $72.06, for a total transaction of $309,425.64. Following the transaction, the chief financial officer now owns 14,108 shares of the company's stock, valued at approximately $1,016,622.48. This represents a 23.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Ian Kaufman sold 642 shares of the 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 sale, the chief accounting officer now directly owns 25,539 shares in the company, valued at $1,840,340.34. This represents a 2.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,763 shares of company stock valued at $1,424,217 over the last 90 days. 1.00% of the stock is owned by company insiders.

Equity Residential Trading Up 1.6 %

Shares of NYSE EQR traded up $1.14 during mid-day trading on Monday, reaching $70.08. 1,600,680 shares of the company's stock were exchanged, compared to its average volume of 1,578,310. The firm has a market capitalization of $26.61 billion, a price-to-earnings ratio of 25.76, a PEG ratio of 3.99 and a beta of 0.91. Equity Residential has a 52-week low of $59.48 and a 52-week high of $78.84. The company's 50-day moving average is $70.60 and its 200-day moving average is $72.77. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.36 and a current ratio of 0.36.

Equity Residential Company 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.