Sienna Gestion acquired a new position in Equity Residential (NYSE:EQR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 128,784 shares of the real estate investment trust's stock, valued at approximately $9,240,000.
Several other institutional investors have also recently made changes to their positions in the business. SRS Capital Advisors Inc. increased its holdings in Equity Residential by 607.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 361 shares of the real estate investment trust's stock worth $26,000 after acquiring an additional 310 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Equity Residential in the 3rd quarter worth approximately $29,000. Assetmark Inc. increased its holdings in Equity Residential by 2,529.4% in the 3rd quarter. Assetmark Inc. now owns 447 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 430 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Equity Residential in the 3rd quarter worth approximately $33,000. Finally, Continuum Advisory LLC purchased a new stake in Equity Residential in the 3rd quarter worth approximately $40,000. Institutional investors own 92.68% of the company's stock.
Insider Buying and Selling
In other news, CAO Ian Kaufman sold 642 shares of Equity Residential stock in a transaction on Thursday, February 6th. The stock was 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 in the company, valued at approximately $1,840,340.34. This trade represents a 2.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robert Garechana sold 4,294 shares of Equity Residential 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 sale, the chief financial officer now 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,763 shares of company stock worth $1,424,217 over the last three months. 1.00% of the stock is owned by insiders.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on EQR shares. Barclays cut their price objective on shares of Equity Residential from $83.00 to $79.00 and set an "overweight" rating for the company in a report on Friday, January 24th. StockNews.com raised shares of Equity Residential from a "sell" rating to a "hold" rating in a report on Saturday, February 8th. Mizuho cut their price objective on shares of Equity Residential from $78.00 to $74.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Scotiabank increased their price objective on shares of Equity Residential from $78.00 to $79.00 and gave the company a "sector perform" rating in a report on Friday, February 14th. Finally, Stifel Nicolaus set a $82.25 price objective on shares of Equity Residential in a report on Tuesday, February 4th. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $78.51.
Read Our Latest Stock Report on Equity Residential
Equity Residential Trading Down 0.9 %
EQR traded down $0.60 during trading on Tuesday, reaching $69.46. The company had a trading volume of 1,553,245 shares, compared to its average volume of 1,584,180. The stock has a market cap of $26.38 billion, a P/E ratio of 25.54, a PEG ratio of 3.99 and a beta of 0.91. The business has a 50 day simple moving average of $70.60 and a 200-day simple moving average of $72.77. Equity Residential has a 52 week low of $59.48 and a 52 week 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.
About Equity Residential
(
Free Report)
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.
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