State of Alaska Department of Revenue Has $15.87 Million Holdings in Equity Residential (NYSE:EQR)

State of Alaska Department of Revenue cut its stake in shares of Equity Residential (NYSE:EQR - Free Report) by 7.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 221,175 shares of the real estate investment trust's stock after selling 18,999 shares during the period. State of Alaska Department of Revenue owned 0.06% of Equity Residential worth $15,871,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Equity Residential by 806.4% in the 3rd 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 position in Equity Residential by 1,459.8% during the third quarter. Los Angeles Capital Management LLC now owns 1,949,473 shares of the real estate investment trust's stock worth $145,158,000 after acquiring an additional 1,824,494 shares in the last quarter. FMR LLC lifted its stake in Equity Residential by 29.0% in the third quarter. FMR LLC now owns 7,746,494 shares of the real estate investment trust's stock valued at $576,804,000 after acquiring an additional 1,741,840 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Equity Residential by 8.3% in the 3rd quarter. Principal Financial Group Inc. now owns 7,745,615 shares of the real estate investment trust's stock valued at $576,737,000 after acquiring an additional 591,866 shares during the period. Finally, Heitman Real Estate Securities LLC increased its stake 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. 92.68% of the stock is owned by institutional investors and hedge funds.

Insider Transactions 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 value of $46,262.52. Following the transaction, the chief accounting officer now owns 25,539 shares in the company, valued at $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 available at this link. Also, COO Michael L. Manelis sold 9,487 shares of the stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $72.07, for a total transaction of $683,728.09. Following the completion of the transaction, the chief operating officer now directly owns 26,781 shares of the company's stock, valued at $1,930,106.67. This trade represents a 26.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,763 shares of company stock valued at $1,424,217. Company insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EQR. Royal Bank of Canada cut their target price on shares of Equity Residential from $83.00 to $79.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. StockNews.com upgraded Equity Residential from a "sell" rating to a "hold" rating in a research note on Saturday. Evercore ISI increased their price target on Equity Residential from $74.00 to $76.00 and gave the company an "in-line" rating in a research note on Monday. Stifel Nicolaus raised Equity Residential from a "hold" rating to a "buy" rating and raised their price target for the company from $77.75 to $81.50 in a report on Wednesday, November 13th. Finally, Wells Fargo & Company decreased their price objective on shares of Equity Residential from $77.00 to $75.00 and set an "equal weight" rating on the stock in a report on Friday, January 24th. Eleven equities 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 currently has an average rating of "Hold" and a consensus target price of $78.36.

Equity Residential Price Performance

Shares of NYSE EQR traded down $0.44 during mid-day trading on Monday, reaching $70.90. The company had a trading volume of 625,143 shares, compared to its average volume of 1,717,254. Equity Residential has a one year low of $57.33 and a one year high of $78.83. The business's 50-day simple moving average is $70.92 and its 200 day simple moving average is $72.73. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.13 and a current ratio of 0.36. The firm has a market cap of $26.90 billion, a price-to-earnings ratio of 26.06, a PEG ratio of 4.49 and a beta of 0.93.

Equity Residential Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd were given a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend was Thursday, January 2nd. Equity Residential's payout ratio is presently 99.26%.

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.