Equity Residential (NYSE:EQR) Shares Sold by National Bank of Canada FI

National Bank of Canada FI lessened its position in shares of Equity Residential (NYSE:EQR - Free Report) by 52.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 231,789 shares of the real estate investment trust's stock after selling 260,801 shares during the period. National Bank of Canada FI owned about 0.06% of Equity Residential worth $16,633,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. SRS Capital Advisors Inc. increased 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 buying an additional 310 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Equity Residential during the third quarter worth approximately $29,000. Continuum Advisory LLC acquired a new position in Equity Residential in the third quarter valued at approximately $40,000. Steward Partners Investment Advisory LLC increased its stake in Equity Residential by 109.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 551 shares of the real estate investment trust's stock valued at $40,000 after purchasing an additional 288 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Equity Residential by 38.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 558 shares of the real estate investment trust's stock worth $40,000 after buying an additional 156 shares during the last quarter. 92.68% of the stock is owned by hedge funds and other institutional investors.

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Equity Residential Stock Performance

Shares of Equity Residential stock traded up $5.15 on Wednesday, reaching $66.97. 5,593,259 shares of the stock were exchanged, compared to its average volume of 1,711,246. The firm has a market capitalization of $25.43 billion, a PE ratio of 24.62, a PEG ratio of 3.99 and a beta of 0.85. Equity Residential has a 1-year low of $59.41 and a 1-year high of $78.84. The business has a fifty day moving average price of $70.42 and a two-hundred day moving average price of $71.79. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.72.

Equity Residential Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be given a dividend of $0.6925 per share. This is a boost from Equity Residential's previous quarterly dividend of $0.68. The ex-dividend date is Monday, March 31st. This represents a $2.77 annualized dividend and a yield of 4.14%. Equity Residential's payout ratio is presently 101.84%.

Analyst Ratings Changes

Several brokerages recently commented on EQR. Wells Fargo & Company cut their price target on shares of Equity Residential from $77.00 to $75.00 and set an "equal weight" rating on the stock in a research note on Friday, January 24th. StockNews.com raised Equity Residential from a "sell" rating to a "hold" rating in a report on Saturday, February 8th. 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. Truist Financial lifted their price target on Equity Residential from $76.00 to $78.00 and gave the stock a "buy" rating in a research report on Monday, March 10th. Finally, Stifel Nicolaus set a $82.25 price objective on Equity Residential in a report on Tuesday, February 4th. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, Equity Residential has an average rating of "Hold" and an average price target of $78.51.

Insider Transactions at Equity Residential

In other Equity Residential news, EVP Scott Fenster sold 5,340 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 35,507 shares of the company's stock, valued at approximately $2,558,634.42. This trade represents a 13.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Ian Kaufman sold 642 shares of the business's 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 sale, 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 19,763 shares of company stock valued at $1,424,217. Corporate insiders own 1.00% of the company's stock.

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.