Capital Management Associates NY Sells 4,000 Shares of Equity Residential (NYSE:EQR)

Capital Management Associates NY decreased its holdings in shares of Equity Residential (NYSE:EQR - Free Report) by 57.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,000 shares of the real estate investment trust's stock after selling 4,000 shares during the period. Capital Management Associates NY's holdings in Equity Residential were worth $215,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in shares of Equity Residential by 1.4% in the 3rd quarter. State Street Corp now owns 23,922,127 shares of the real estate investment trust's stock valued at $1,796,976,000 after purchasing an additional 321,002 shares in the last quarter. Geode Capital Management LLC boosted its position in Equity Residential by 1.4% in the third quarter. Geode Capital Management LLC now owns 9,353,944 shares of the real estate investment trust's stock valued at $694,441,000 after buying an additional 132,638 shares in the last quarter. Principal Financial Group Inc. grew its stake in Equity Residential by 2.0% during the fourth quarter. Principal Financial Group Inc. now owns 7,897,863 shares of the real estate investment trust's stock worth $566,749,000 after buying an additional 152,248 shares during the last quarter. FMR LLC increased its holdings in shares of Equity Residential by 29.0% during the third quarter. FMR LLC now owns 7,746,494 shares of the real estate investment trust's stock worth $576,804,000 after buying an additional 1,741,840 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Equity Residential by 806.4% during 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 worth $317,136,000 after buying an additional 3,789,234 shares in the last quarter. 92.68% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus set a $82.25 price target on Equity Residential in a report on Tuesday, February 4th. Mizuho lowered their target price on Equity Residential from $78.00 to $74.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. Barclays cut their price target on Equity Residential from $83.00 to $79.00 and set an "overweight" rating for the company in a report on Friday, January 24th. Evercore ISI raised 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 report on Monday, February 10th. Finally, Scotiabank boosted their target price on shares of Equity Residential from $78.00 to $79.00 and gave the stock a "sector perform" rating in a research note on Friday, February 14th. Eleven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $78.51.

Insider Activity at Equity Residential

In other Equity Residential news, CAO Ian Kaufman sold 642 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 transaction of $46,262.52. Following the transaction, the chief accounting officer now directly owns 25,539 shares in the company, valued at approximately $1,840,340.34. The trade was a 2.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Robert Garechana sold 4,294 shares of the 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 completion of the sale, the chief financial officer now owns 14,108 shares of the company's stock, valued at $1,016,622.48. This trade represents a 23.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,763 shares of company stock worth $1,424,217. 1.00% of the stock is currently owned by company insiders.

Equity Residential Trading Down 0.9 %

EQR traded down $0.63 during midday trading on Tuesday, reaching $69.44. 351,555 shares of the company were exchanged, compared to its average volume of 1,579,538. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.36 and a current ratio of 0.36. The stock has a market capitalization of $26.36 billion, a P/E ratio of 25.52, a PEG ratio of 3.99 and a beta of 0.91. The stock's 50-day simple moving average is $70.60 and its 200 day simple moving average is $72.77. Equity Residential has a one year low of $59.48 and a one year high of $78.84.

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.