Cbre Investment Management Listed Real Assets LLC Lowers Stock Position in Equity Residential (NYSE:EQR)

Cbre Investment Management Listed Real Assets LLC reduced its holdings in Equity Residential (NYSE:EQR - Free Report) by 19.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 747,438 shares of the real estate investment trust's stock after selling 179,635 shares during the quarter. Cbre Investment Management Listed Real Assets LLC owned approximately 0.20% of Equity Residential worth $53,636,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. increased its position in Equity Residential by 607.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 361 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 310 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Equity Residential in the 3rd quarter valued at approximately $29,000. Brooklyn Investment Group acquired a new position in Equity Residential in the 3rd quarter valued at approximately $33,000. Assetmark Inc. increased its position in Equity Residential by 2,529.4% in the 3rd 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 during the period. Finally, Continuum Advisory LLC acquired a new position in Equity Residential in the 3rd quarter valued at approximately $40,000. 92.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company reduced their price objective 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. Scotiabank upped their price objective on shares of Equity Residential from $78.00 to $79.00 and gave the company a "sector perform" rating in a research note on Friday, February 14th. Evercore ISI upped their price objective on shares of Equity Residential from $74.00 to $76.00 and gave the company an "in-line" rating in a research note on Monday, February 10th. Mizuho reduced their price objective on shares of Equity Residential from $78.00 to $74.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. Finally, Stifel Nicolaus set a $82.25 price objective on shares of Equity Residential in a research note on Tuesday, February 4th. Eleven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $78.46.

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Equity Residential Stock Up 0.1 %

EQR traded up $0.06 during trading on Friday, hitting $71.97. 1,811,736 shares of the company's stock were exchanged, compared to its average volume of 1,641,885. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.72. The business's 50 day moving average is $70.74 and its two-hundred day moving average is $72.93. Equity Residential has a fifty-two week low of $59.48 and a fifty-two week high of $78.83. The stock has a market cap of $27.33 billion, a P/E ratio of 26.46, a PEG ratio of 3.99 and a beta of 0.91.

Equity Residential Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd were issued a dividend of $0.675 per share. The ex-dividend date was Thursday, January 2nd. This represents a $2.70 annualized dividend and a yield of 3.75%. Equity Residential's payout ratio is 99.26%.

Insiders Place Their Bets

In other Equity Residential news, EVP Scott Fenster sold 5,340 shares of the company's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $72.06, for a total transaction of $384,800.40. Following the transaction, the executive vice president now owns 35,507 shares in the company, valued at approximately $2,558,634.42. This represents a 13.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Ian Kaufman sold 642 shares of the company's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $72.06, for a total transaction of $46,262.52. Following the transaction, the chief accounting officer now owns 25,539 shares in the company, valued at approximately $1,840,340.34. The trade was a 2.45 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,763 shares of company stock worth $1,424,217. Insiders own 1.00% of the company's stock.

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.