4,475 Shares in Equity Residential (NYSE:EQR) Purchased by Mission Wealth Management LP

Mission Wealth Management LP purchased a new stake in Equity Residential (NYSE:EQR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,475 shares of the real estate investment trust's stock, valued at approximately $321,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp boosted its holdings in Equity Residential by 56.8% in the fourth quarter. Jones Financial Companies Lllp now owns 102,229 shares of the real estate investment trust's stock valued at $7,336,000 after purchasing an additional 37,032 shares in the last quarter. SRS Capital Advisors Inc. boosted its holdings in Equity Residential by 607.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 361 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 310 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Equity Residential by 38.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 558 shares of the real estate investment trust's stock valued at $40,000 after purchasing an additional 156 shares in the last quarter. Sherman Asset Management Inc. acquired a new stake in shares of Equity Residential in the fourth quarter valued at approximately $107,000. Finally, Aew Capital Management L P boosted its holdings in shares of Equity Residential by 4.4% in the fourth quarter. Aew Capital Management L P now owns 334,731 shares of the real estate investment trust's stock valued at $24,020,000 after acquiring an additional 14,230 shares during the period. 92.68% of the stock is owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In other Equity Residential news, EVP Scott Fenster sold 5,340 shares of the stock in a transaction on 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 represents a 13.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Ian Kaufman sold 642 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 $46,262.52. Following the completion of the transaction, the chief accounting officer now owns 25,539 shares of the company's stock, valued at approximately $1,840,340.34. This represents a 2.45 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,763 shares of company stock worth $1,424,217. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EQR. Stifel Nicolaus set a $82.25 price objective on Equity Residential in a report on Tuesday, February 4th. Evercore ISI increased their price objective on Equity Residential from $74.00 to $76.00 and gave the company an "in-line" rating in a report on Monday, February 10th. StockNews.com raised Equity Residential from a "sell" rating to a "hold" rating in a report on Saturday, February 8th. Mizuho decreased their price objective on Equity Residential from $78.00 to $74.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Finally, Scotiabank increased their price objective on Equity Residential from $78.00 to $79.00 and gave the company a "sector perform" rating in a report on Friday, February 14th. Eleven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Equity Residential presently has an average rating of "Hold" and an average target price of $78.46.

Equity Residential Price Performance

NYSE:EQR traded up $0.06 during trading hours on Friday, hitting $71.97. The company's stock had a trading volume of 1,811,736 shares, compared to its average volume of 1,641,885. The business's 50-day moving average is $70.74 and its two-hundred day moving average is $72.93. The company has a market capitalization of $27.33 billion, a PE ratio of 26.46, a PEG ratio of 3.99 and a beta of 0.91. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.36 and a current ratio of 0.36. Equity Residential has a 52-week low of $59.48 and a 52-week high of $78.83.

Equity Residential Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd were given a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 3.75%. The ex-dividend date was Thursday, January 2nd. Equity Residential's payout ratio is 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.