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

Capital Management Associates NY lowered its stake in Equity Residential (NYSE:EQR - Free Report) by 57.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vert Asset Management LLC boosted its stake in shares of Equity Residential by 7.5% in the fourth quarter. Vert Asset Management LLC now owns 150,245 shares of the real estate investment trust's stock valued at $10,782,000 after buying an additional 10,472 shares in the last quarter. Benjamin Edwards Inc. acquired a new position in shares of Equity Residential in the third quarter worth $923,000. Atomi Financial Group Inc. raised its holdings in shares of Equity Residential by 8.3% in the fourth quarter. Atomi Financial Group Inc. now owns 3,707 shares of the real estate investment trust's stock worth $266,000 after acquiring an additional 284 shares during the last quarter. Mission Wealth Management LP acquired a new position in Equity Residential in the fourth quarter valued at $321,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Equity Residential by 119.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 483,753 shares of the real estate investment trust's stock valued at $34,714,000 after purchasing an additional 263,622 shares during the last quarter. Institutional investors and hedge funds own 92.68% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Truist Financial boosted their price target on Equity Residential from $76.00 to $78.00 and gave the company a "buy" rating in a research report on Monday, March 10th. Barclays reduced their target price on Equity Residential from $83.00 to $79.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. Wells Fargo & Company lowered their price objective on shares of Equity Residential from $77.00 to $75.00 and set an "equal weight" rating for the company in a research report on Friday, January 24th. StockNews.com raised shares of Equity Residential from a "sell" rating to a "hold" rating in a research report on Saturday, February 8th. Finally, Evercore ISI upped their target price 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. 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, Equity Residential currently has an average rating of "Hold" and an average target price of $78.51.

Insider Activity

In other Equity Residential news, EVP Scott Fenster sold 5,340 shares of the firm's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $72.06, for a total value of $384,800.40. Following the completion of the sale, the executive vice president now directly owns 35,507 shares in the company, valued at approximately $2,558,634.42. This trade represents a 13.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Ian Kaufman sold 642 shares of Equity Residential stock in a transaction 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 directly owns 25,539 shares of the company's stock, 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. Insiders sold 19,763 shares of company stock valued at $1,424,217 over the last quarter. 1.00% of the stock is owned by company insiders.

Equity Residential Price Performance

EQR traded up $1.26 on Monday, hitting $70.20. 804,053 shares of the stock were exchanged, compared to its average volume of 1,581,853. The business has a 50-day moving average of $70.56 and a two-hundred day moving average of $72.80. The firm has a market capitalization of $26.66 billion, a price-to-earnings ratio of 25.79, a PEG ratio of 3.99 and a beta of 0.91. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.36 and a quick ratio of 0.36. Equity Residential has a 12 month low of $59.48 and a 12 month 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.