Equity Residential (NYSE:EQR) Shares Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC boosted its stake in shares of Equity Residential (NYSE:EQR - Free Report) by 40,099.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,418 shares of the real estate investment trust's stock after buying an additional 84,208 shares during the quarter. New Age Alpha Advisors LLC's holdings in Equity Residential were worth $6,058,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in EQR. Principal Financial Group Inc. grew its stake in Equity Residential by 8.3% in the third quarter. Principal Financial Group Inc. now owns 7,745,615 shares of the real estate investment trust's stock worth $576,737,000 after purchasing an additional 591,866 shares in the last quarter. Cerity Partners LLC raised its holdings in shares of Equity Residential by 79.9% in the third quarter. Cerity Partners LLC now owns 8,950 shares of the real estate investment trust's stock valued at $667,000 after acquiring an additional 3,975 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 worth $576,804,000 after acquiring an additional 1,741,840 shares during the period. Brooklyn Investment Group bought a new position in Equity Residential during the 3rd quarter worth about $33,000. Finally, BNP Paribas Financial Markets increased its position in Equity Residential by 45.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 564,865 shares of the real estate investment trust's stock valued at $42,060,000 after purchasing an additional 175,268 shares during the period. 92.68% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on EQR shares. StockNews.com upgraded shares of Equity Residential from a "sell" rating to a "hold" rating in a research note on Saturday, February 8th. Scotiabank increased their target price on Equity Residential from $78.00 to $79.00 and gave the company a "sector perform" rating in a research report on Friday, February 14th. Wells Fargo & Company reduced their price target on 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. Barclays dropped their price objective on Equity Residential from $83.00 to $79.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Finally, Evercore ISI increased their price target on shares of Equity Residential from $74.00 to $76.00 and gave the company an "in-line" rating in a research report on Monday, February 10th. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $78.51.

Insider Activity

In other Equity Residential news, EVP Scott Fenster sold 5,340 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 $384,800.40. Following the sale, the executive vice president now owns 35,507 shares of the company's stock, valued at $2,558,634.42. The trade was a 13.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Robert Garechana sold 4,294 shares of the firm's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $72.06, for a total value of $309,425.64. Following the transaction, the chief financial officer now owns 14,108 shares of the company's stock, valued at approximately $1,016,622.48. This represents a 23.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,763 shares of company stock valued at $1,424,217. Company insiders own 1.00% of the company's stock.

Equity Residential Trading Down 0.6 %

EQR traded down $0.47 during trading hours on Tuesday, reaching $71.12. The company's stock had a trading volume of 369,351 shares, compared to its average volume of 1,680,087. The business's 50-day moving average is $70.99 and its 200-day moving average is $72.42. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.36 and a quick ratio of 0.36. The stock has a market cap of $27.00 billion, a PE ratio of 26.28, a P/E/G ratio of 3.99 and a beta of 0.91. Equity Residential has a fifty-two week low of $59.48 and a fifty-two week high of $78.84.

Equity Residential Increases Dividend

The business also recently declared 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. The ex-dividend date is Monday, March 31st. This is a boost from Equity Residential's previous quarterly dividend of $0.68. This represents a $2.77 dividend on an annualized basis and a dividend yield of 3.90%. Equity Residential's dividend payout ratio (DPR) is currently 101.84%.

Equity Residential 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.