Schroder Investment Management Group Cuts Stake in Equity Residential (NYSE:EQR)

Schroder Investment Management Group decreased its holdings in shares of Equity Residential (NYSE:EQR - Free Report) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,087,103 shares of the real estate investment trust's stock after selling 48,133 shares during the period. Schroder Investment Management Group owned about 0.29% of Equity Residential worth $77,358,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Keybank National Association OH boosted its stake in Equity Residential by 2.0% in the 4th quarter. Keybank National Association OH now owns 7,001 shares of the real estate investment trust's stock valued at $502,000 after buying an additional 139 shares in the last quarter. AdvisorNet Financial Inc lifted its holdings in Equity Residential by 25.3% during the 4th quarter. AdvisorNet Financial Inc now owns 722 shares of the real estate investment trust's stock worth $52,000 after buying an additional 146 shares in the last quarter. Transamerica Financial Advisors Inc. lifted its stake in shares of Equity Residential by 4.1% during the fourth quarter. Transamerica Financial Advisors Inc. now owns 3,827 shares of the real estate investment trust's stock valued at $275,000 after acquiring an additional 151 shares during the period. Smartleaf Asset Management LLC grew 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 period. Finally, Frank Rimerman Advisors LLC increased its holdings in Equity Residential by 4.0% in the fourth quarter. Frank Rimerman Advisors LLC now owns 5,604 shares of the real estate investment trust's stock valued at $402,000 after purchasing an additional 218 shares during the last quarter. 92.68% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on EQR. StockNews.com upgraded Equity Residential from a "sell" rating to a "hold" rating in a research report on Saturday, February 8th. Stifel Nicolaus set a $82.25 price target on shares of Equity Residential in a report on Tuesday, February 4th. Mizuho dropped their price objective on Equity Residential from $78.00 to $74.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. Truist Financial boosted their target price on Equity Residential from $76.00 to $78.00 and gave the company a "buy" rating in a research note on Monday, March 10th. Finally, Scotiabank lifted 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. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $78.51.

Equity Residential Trading Down 7.1 %

EQR traded down $4.86 during trading on Friday, hitting $63.69. The company's stock had a trading volume of 2,449,507 shares, compared to its average volume of 1,690,205. The firm has a market capitalization of $24.18 billion, a P/E ratio of 23.42, a PEG ratio of 3.99 and a beta of 0.91. Equity Residential has a twelve month low of $59.48 and a twelve month high of $78.84. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.72. The stock's fifty day moving average price is $70.99 and its 200-day moving average price is $72.25.

Equity Residential Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be paid a $0.6925 dividend. The ex-dividend date is Monday, March 31st. This is a positive change from Equity Residential's previous quarterly dividend of $0.68. This represents a $2.77 annualized dividend and a dividend yield of 4.35%. Equity Residential's payout ratio is presently 101.84%.

Insider Transactions at Equity Residential

In other news, CAO Ian Kaufman sold 642 shares of the business's 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 transaction, the chief accounting officer now directly owns 25,539 shares in the company, valued at $1,840,340.34. The trade was a 2.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Robert Garechana sold 4,294 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 $309,425.64. Following the completion of the sale, the chief financial officer now owns 14,108 shares in the company, valued at $1,016,622.48. This trade represents a 23.33 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,763 shares of company stock worth $1,424,217. 1.00% of the stock is owned by company insiders.

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.