One Wealth Advisors LLC Makes New $323,000 Investment in Equity Residential (NYSE:EQR)

One Wealth Advisors LLC bought a new stake in Equity Residential (NYSE:EQR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,507 shares of the real estate investment trust's stock, valued at approximately $323,000.

Other large investors have also recently bought and sold shares of the company. State Street Corp boosted its holdings in shares of Equity Residential by 1.4% in the third quarter. State Street Corp now owns 23,922,127 shares of the real estate investment trust's stock valued at $1,796,976,000 after acquiring an additional 321,002 shares in the last quarter. Geode Capital Management LLC lifted its position in Equity Residential by 1.4% in the third quarter. Geode Capital Management LLC now owns 9,353,944 shares of the real estate investment trust's stock worth $694,441,000 after purchasing an additional 132,638 shares during the period. FMR LLC lifted its position 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 purchasing an additional 1,741,840 shares during the period. Principal Financial Group Inc. boosted its stake in Equity Residential by 8.3% during the 3rd quarter. Principal Financial Group Inc. now owns 7,745,615 shares of the real estate investment trust's stock valued at $576,737,000 after purchasing an additional 591,866 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Equity Residential by 806.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,259,145 shares of the real estate investment trust's stock valued at $317,136,000 after purchasing an additional 3,789,234 shares during the period. Institutional investors and hedge funds own 92.68% of the company's stock.

Insider Buying and Selling

In other news, COO Michael L. Manelis sold 9,487 shares of the stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $72.07, for a total transaction of $683,728.09. Following the transaction, the chief operating officer now 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 document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Ian Kaufman sold 642 shares of Equity Residential stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $72.06, for a total transaction of $46,262.52. Following the completion of the sale, the chief accounting officer now directly owns 25,539 shares of the company's stock, valued at approximately $1,840,340.34. The trade was a 2.45 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,763 shares of company stock worth $1,424,217. Corporate insiders own 1.00% of the company's stock.

Equity Residential Stock Down 1.1 %

EQR traded down $0.76 on Friday, reaching $71.36. 1,374,746 shares of the company traded hands, compared to its average volume of 1,764,246. Equity Residential has a 52-week low of $57.33 and a 52-week high of $78.83. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.13 and a quick ratio of 0.13. The company has a market cap of $27.08 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 4.35 and a beta of 0.93. The stock's 50 day moving average price is $71.02 and its 200-day moving average price is $72.70.

Equity Residential Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd were paid a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend was Thursday, January 2nd. Equity Residential's dividend payout ratio (DPR) is presently 110.66%.

Analyst Ratings Changes

EQR has been the subject of several research reports. Stifel Nicolaus raised Equity Residential from a "hold" rating to a "buy" rating and raised their target price for the company from $77.75 to $81.50 in a research note on Wednesday, November 13th. Wells Fargo & Company reduced 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. Barclays lowered their price objective on shares of Equity Residential from $83.00 to $79.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. StockNews.com lowered shares of Equity Residential from a "hold" rating to a "sell" rating in a research note on Friday, January 31st. Finally, Mizuho decreased their price target on shares of Equity Residential from $78.00 to $74.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Equity Residential has a consensus rating of "Hold" and a consensus target price of $78.36.

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.