Mitsubishi UFJ Asset Management Co. Ltd. Has $54.03 Million Holdings in Equity Residential (NYSE:EQR)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Equity Residential (NYSE:EQR - Free Report) by 9.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 762,032 shares of the real estate investment trust's stock after acquiring an additional 67,998 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.20% of Equity Residential worth $54,028,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. SRS Capital Advisors Inc. raised 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 worth $26,000 after purchasing an additional 310 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Equity Residential during the third quarter worth about $29,000. Brooklyn Investment Group acquired a new position in Equity Residential in the third quarter valued at about $33,000. Continuum Advisory LLC bought a new stake in shares of Equity Residential in the third quarter worth about $40,000. Finally, Smartleaf Asset Management LLC raised its position in shares of Equity Residential by 38.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 558 shares of the real estate investment trust's stock worth $40,000 after purchasing an additional 156 shares during the period. Institutional investors own 92.68% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on EQR. 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. 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. Truist Financial raised their price objective on shares of Equity Residential from $76.00 to $78.00 and gave the stock a "buy" rating in a report on Monday, March 10th. Stifel Nicolaus set a $82.25 target price on shares of Equity Residential in a research note on Tuesday, February 4th. Finally, Barclays dropped their price target on Equity Residential from $83.00 to $79.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Equity Residential currently has a consensus rating of "Hold" and an average target price of $78.51.

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Insider Buying and Selling at Equity Residential

In related news, CFO Robert Garechana sold 4,294 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 transaction of $309,425.64. Following the completion of the sale, the chief financial officer now directly owns 14,108 shares of the company's stock, valued at approximately $1,016,622.48. This trade represents a 23.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Ian Kaufman sold 642 shares of the company'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 directly owns 25,539 shares in the company, valued at approximately $1,840,340.34. This represents a 2.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,763 shares of company stock valued at $1,424,217 in the last quarter. 1.00% of the stock is currently owned by insiders.

Equity Residential Stock Performance

Shares of EQR stock traded up $0.08 on Wednesday, reaching $71.36. The stock had a trading volume of 200,286 shares, compared to its average volume of 1,640,072. Equity Residential has a 12 month low of $59.48 and a 12 month high of $78.83. The firm has a market capitalization of $27.09 billion, a price-to-earnings ratio of 26.23, a P/E/G ratio of 3.99 and a beta of 0.91. The firm's 50-day moving average is $71.01 and its two-hundred day moving average is $72.38. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be paid a $0.6925 dividend. This represents a $2.77 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Equity Residential's previous quarterly dividend of $0.68. Equity Residential's dividend payout ratio is 101.84%.

Equity Residential Company Profile

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.