Equity Residential (NYSE:EQR) Shares Bought by Candriam S.C.A.

Candriam S.C.A. raised its position in Equity Residential (NYSE:EQR - Free Report) by 10.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 118,708 shares of the real estate investment trust's stock after purchasing an additional 11,034 shares during the period. Candriam S.C.A.'s holdings in Equity Residential were worth $8,518,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Equity Residential by 806.4% in 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 buying an additional 3,789,234 shares during the last quarter. Los Angeles Capital Management LLC raised its holdings in Equity Residential by 1,459.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 1,949,473 shares of the real estate investment trust's stock valued at $145,158,000 after acquiring an additional 1,824,494 shares during the last quarter. FMR LLC lifted its stake in Equity Residential by 29.0% in the 3rd quarter. FMR LLC now owns 7,746,494 shares of the real estate investment trust's stock worth $576,804,000 after purchasing an additional 1,741,840 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Equity Residential by 8.3% during the 3rd quarter. Principal Financial Group Inc. now owns 7,745,615 shares of the real estate investment trust's stock worth $576,737,000 after purchasing an additional 591,866 shares during the last quarter. Finally, Heitman Real Estate Securities LLC boosted its holdings in shares of Equity Residential by 2,193.2% during the 3rd quarter. Heitman Real Estate Securities LLC now owns 416,647 shares of the real estate investment trust's stock worth $31,024,000 after purchasing an additional 398,478 shares during the last quarter. Institutional investors and hedge funds own 92.68% of the company's stock.

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Insider Transactions at Equity Residential

In other news, EVP Scott Fenster sold 5,340 shares of Equity Residential stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $72.06, for a total value of $384,800.40. Following the completion of the transaction, the executive vice president now owns 35,507 shares in the company, valued at approximately $2,558,634.42. This trade represents a 13.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Michael L. Manelis sold 9,487 shares of the business's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $72.07, for a total value of $683,728.09. Following the transaction, the chief operating officer now directly owns 26,781 shares of the company's stock, valued at approximately $1,930,106.67. This represents a 26.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,763 shares of company stock valued at $1,424,217. 1.00% of the stock is currently owned by company insiders.

Equity Residential Trading Down 1.4 %

NYSE:EQR traded down $1.01 on Tuesday, reaching $69.87. 2,180,633 shares of the company's stock were exchanged, compared to its average volume of 1,595,806. The firm has a market capitalization of $26.53 billion, a price-to-earnings ratio of 25.69, a price-to-earnings-growth 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 has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.72. The business has a fifty day moving average of $70.73 and a 200-day moving average of $72.93.

Equity Residential Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd were paid a $0.675 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $2.70 annualized dividend and a dividend yield of 3.86%. Equity Residential's dividend payout ratio (DPR) is 99.26%.

Analyst Ratings Changes

A number of brokerages recently commented on EQR. StockNews.com upgraded Equity Residential from a "sell" rating to a "hold" rating in a research report on Saturday, February 8th. Truist Financial lifted their price target on Equity Residential from $76.00 to $78.00 and gave the stock a "buy" rating in a report on Monday. Stifel Nicolaus set a $82.25 price objective on shares of Equity Residential in a report on Tuesday, February 4th. Evercore ISI raised 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. Finally, Mizuho dropped their price target on shares of Equity Residential from $78.00 to $74.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. Eleven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $78.51.

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.