Equity Residential (NYSE:EQR) Shares Purchased by American Assets Capital Advisers LLC

American Assets Capital Advisers LLC boosted its position in shares of Equity Residential (NYSE:EQR - Free Report) by 70.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 11,577 shares of the real estate investment trust's stock after acquiring an additional 4,777 shares during the quarter. American Assets Capital Advisers LLC's holdings in Equity Residential were worth $831,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. SRS Capital Advisors Inc. grew its position 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 purchased a new stake in shares of Equity Residential in the third quarter worth about $29,000. Brooklyn Investment Group acquired a new stake in Equity Residential during the third quarter worth about $33,000. Assetmark Inc. raised its position in Equity Residential by 2,529.4% during 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 acquired a new position in Equity Residential in the third quarter valued at approximately $40,000. Hedge funds and other institutional investors own 92.68% of the company's stock.

Insider Activity

In other news, CAO Ian Kaufman sold 642 shares of Equity Residential stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $72.06, for a total transaction of $46,262.52. Following the sale, the chief accounting officer now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robert Garechana sold 4,294 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $72.06, for a total value of $309,425.64. Following the completion of the transaction, the chief financial officer now owns 14,108 shares of the company's stock, valued at $1,016,622.48. The trade was a 23.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,763 shares of company stock valued at $1,424,217. 1.00% of the stock is currently owned by insiders.

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Equity Residential Trading Down 0.9 %

Equity Residential stock traded down $0.60 during trading on Tuesday, reaching $69.46. 1,460,032 shares of the company were exchanged, compared to its average volume of 1,583,809. The stock's 50 day simple moving average is $70.60 and its two-hundred day simple moving average is $72.77. The company has a market capitalization of $26.38 billion, a P/E ratio of 25.54, a PEG ratio of 3.99 and a beta of 0.91. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.36 and a quick ratio of 0.36. Equity Residential has a 52-week low of $59.48 and a 52-week high of $78.84.

Analysts Set New Price Targets

A number of brokerages have recently commented on EQR. Truist Financial raised their price objective on shares of Equity Residential from $76.00 to $78.00 and gave the stock a "buy" rating in a research note on Monday, March 10th. Evercore ISI upped their price objective on shares of Equity Residential from $74.00 to $76.00 and gave the stock an "in-line" rating in a research report on Monday, February 10th. Wells Fargo & Company reduced their price target on Equity Residential from $77.00 to $75.00 and set an "equal weight" rating for the company in a report on Friday, January 24th. Scotiabank raised their price objective on Equity Residential from $78.00 to $79.00 and gave the company a "sector perform" rating in a report on Friday, February 14th. Finally, Mizuho cut their price objective on Equity Residential from $78.00 to $74.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. Eleven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $78.51.

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.