Elo Mutual Pension Insurance Co Has $2.44 Million Stake in Equity Residential (NYSE:EQR)

Elo Mutual Pension Insurance Co increased its position in shares of Equity Residential (NYSE:EQR - Free Report) by 12.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,053 shares of the real estate investment trust's stock after acquiring an additional 3,757 shares during the quarter. Elo Mutual Pension Insurance Co's holdings in Equity Residential were worth $2,444,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. boosted its position in shares of 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 worth $26,000 after purchasing an additional 310 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Equity Residential in the third quarter valued at about $29,000. Brooklyn Investment Group bought a new position in Equity Residential during the third quarter worth about $33,000. Continuum Advisory LLC acquired a new position in shares of Equity Residential during the 3rd quarter worth about $40,000. Finally, Smartleaf Asset Management LLC increased its stake in shares of Equity Residential by 38.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 558 shares of the real estate investment trust's stock valued at $40,000 after acquiring an additional 156 shares during the last quarter. 92.68% of the stock is currently owned by institutional investors and hedge funds.

Equity Residential Stock Down 2.6 %

EQR traded down $1.86 on Thursday, hitting $69.77. 431,238 shares of the company were exchanged, compared to its average volume of 1,639,344. The company has a market cap of $26.49 billion, a PE ratio of 25.65, a PEG ratio of 3.99 and a beta of 0.91. Equity Residential has a 12 month low of $59.48 and a 12 month high of $78.83. The stock's fifty day moving average is $71.08 and its 200-day moving average is $72.37. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.36 and a current ratio of 0.36.

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Equity Residential Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be given a dividend of $0.6925 per share. The ex-dividend date is Monday, March 31st. This is an increase from Equity Residential's previous quarterly dividend of $0.68. This represents a $2.77 annualized dividend and a yield of 3.97%. Equity Residential's dividend payout ratio (DPR) is 101.84%.

Insider Activity at Equity Residential

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Evercore ISI boosted their price target on shares of Equity Residential from $74.00 to $76.00 and gave the company an "in-line" rating in a report on Monday, February 10th. Scotiabank increased their price target on Equity Residential from $78.00 to $79.00 and gave the stock a "sector perform" rating in a report on Friday, February 14th. Wells Fargo & Company cut their price objective on Equity Residential from $77.00 to $75.00 and set an "equal weight" rating on the stock in a report on Friday, January 24th. Barclays decreased their price objective on Equity Residential from $83.00 to $79.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. Finally, StockNews.com upgraded shares of Equity Residential from a "sell" rating to a "hold" rating in a report on Saturday, February 8th. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $78.51.

About Equity Residential

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.