Landscape Capital Management L.L.C. Purchases 9,376 Shares of Equity Residential (NYSE:EQR)

Landscape Capital Management L.L.C. grew its position in shares of Equity Residential (NYSE:EQR - Free Report) by 50.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,950 shares of the real estate investment trust's stock after acquiring an additional 9,376 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Equity Residential were worth $2,006,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of EQR. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Equity Residential by 119.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 483,753 shares of the real estate investment trust's stock worth $34,714,000 after buying an additional 263,622 shares during the last quarter. Vert Asset Management LLC boosted its stake in 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 acquiring an additional 10,472 shares during the last quarter. Mission Wealth Management LP purchased a new stake in shares of Equity Residential during the 4th quarter worth approximately $321,000. Benjamin Edwards Inc. purchased a new position in Equity Residential in the third quarter valued at approximately $923,000. Finally, Atomi Financial Group Inc. grew its holdings in Equity Residential by 8.3% during the fourth quarter. Atomi Financial Group Inc. now owns 3,707 shares of the real estate investment trust's stock valued at $266,000 after purchasing an additional 284 shares during the period. 92.68% of the stock is owned by institutional investors and hedge funds.

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Equity Residential Price Performance

Shares of Equity Residential stock traded down $3.10 during trading on Thursday, hitting $63.76. 717,294 shares of the stock traded hands, compared to its average volume of 1,707,598. The stock has a market cap of $24.21 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 3.99 and a beta of 0.85. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.72. Equity Residential has a 52 week low of $59.41 and a 52 week high of $78.84. The firm's fifty day moving average is $70.42 and its 200-day moving average is $71.79.

Equity Residential Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be paid 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 dividend yield of 4.34%. Equity Residential's dividend payout ratio (DPR) is 101.84%.

Insider Transactions at Equity Residential

In related news, 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 sale, the chief operating officer now directly owns 26,781 shares in the company, valued at $1,930,106.67. This represents a 26.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Ian Kaufman sold 642 shares of Equity Residential stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $72.06, for a total value of $46,262.52. Following the completion of the transaction, the chief accounting officer now directly owns 25,539 shares in the company, valued at $1,840,340.34. This trade represents a 2.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,763 shares of company stock worth $1,424,217. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

EQR has been the subject of several research reports. Truist Financial increased their price target on Equity Residential from $76.00 to $78.00 and gave the stock a "buy" rating in a research note on Monday, March 10th. Mizuho reduced their target price 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. Scotiabank raised their price objective on shares of 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 lowered their target price 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. Finally, StockNews.com raised Equity Residential from a "sell" rating to a "hold" rating in a report on Saturday, February 8th. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Equity Residential has a consensus 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.