Commerzbank Aktiengesellschaft FI Sells 3,734 Shares of Equity Residential (NYSE:EQR)

Commerzbank Aktiengesellschaft FI trimmed its holdings in Equity Residential (NYSE:EQR - Free Report) by 48.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,960 shares of the real estate investment trust's stock after selling 3,734 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in Equity Residential were worth $282,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SRS Capital Advisors Inc. lifted its position in Equity Residential by 607.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 361 shares of the real estate investment trust's stock worth $26,000 after acquiring an additional 310 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Equity Residential during the 3rd quarter valued at $29,000. Assetmark Inc. grew its holdings in shares of Equity Residential by 2,529.4% during the 3rd quarter. Assetmark Inc. now owns 447 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 430 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Equity Residential in the third quarter worth $33,000. Finally, Continuum Advisory LLC acquired a new position in Equity Residential in the third quarter valued at about $40,000. 92.68% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EQR. Stifel Nicolaus set a $82.25 price objective on shares of Equity Residential in a research note on Tuesday, February 4th. Barclays reduced their price target 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 company a "sector perform" rating in a research report on Friday, February 14th. StockNews.com raised Equity Residential from a "sell" rating to a "hold" rating in a report on Saturday, February 8th. Finally, Mizuho decreased their price target on Equity Residential from $78.00 to $74.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. Eleven analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $78.46.

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Insider Activity at Equity Residential

In other news, CFO Robert Garechana sold 4,294 shares of the business's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $72.06, for a total value of $309,425.64. Following the transaction, the chief financial officer now directly owns 14,108 shares of the company's stock, valued at $1,016,622.48. The trade was a 23.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Michael L. Manelis sold 9,487 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $72.07, for a total value of $683,728.09. Following the sale, the chief operating officer now directly owns 26,781 shares of the company's stock, valued at $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 19,763 shares of company stock worth $1,424,217 over the last ninety days. Insiders own 1.00% of the company's stock.

Equity Residential Trading Up 0.1 %

NYSE:EQR traded up $0.06 during mid-day 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. Equity Residential has a fifty-two week low of $59.48 and a fifty-two week high of $78.83. 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 firm has a market capitalization of $27.33 billion, a P/E ratio of 26.46, a PEG ratio of 3.99 and a beta of 0.91. The company has a 50 day simple moving average of $70.74 and a 200-day simple moving average of $72.93.

Equity Residential Announces Dividend

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

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.