3,799 Shares in Equity Residential (NYSE:EQR) Acquired by Sound View Wealth Advisors Group LLC

Sound View Wealth Advisors Group LLC acquired a new position in Equity Residential (NYSE:EQR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,799 shares of the real estate investment trust's stock, valued at approximately $273,000.

Other large investors have also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. increased its position 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 valued at $26,000 after acquiring an additional 310 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Equity Residential in the 3rd quarter valued at approximately $29,000. Assetmark Inc. increased its position 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 valued at $33,000 after acquiring an additional 430 shares during the period. Brooklyn Investment Group acquired a new position in shares of Equity Residential during the 3rd quarter valued at $33,000. Finally, Continuum Advisory LLC acquired a new position in shares of Equity Residential during the 3rd quarter valued at $40,000. 92.68% of the stock is currently owned by institutional investors and hedge funds.

Equity Residential Stock Down 1.4 %

EQR traded down $1.01 during trading on Tuesday, reaching $69.87. 2,180,633 shares of the stock traded hands, compared to its average volume of 1,596,980. The stock has a market cap of $26.53 billion, a price-to-earnings ratio of 25.69, a price-to-earnings-growth 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. 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's 50-day simple moving average is $70.73 and its two-hundred day simple moving average is $72.93.

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Equity Residential Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd were issued a dividend of $0.675 per share. The ex-dividend date was Thursday, January 2nd. This represents a $2.70 annualized dividend and a yield of 3.86%. Equity Residential's dividend payout ratio (DPR) is currently 99.26%.

Wall Street Analyst Weigh In

EQR has been the topic of several research analyst reports. Truist Financial lifted their price target on Equity Residential from $76.00 to $78.00 and gave the company a "buy" rating in a research report on Monday. 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 Equity Residential in a research report on Tuesday, February 4th. Barclays lowered their price target 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 raised their price objective on Equity Residential from $74.00 to $76.00 and gave the stock an "in-line" rating in a research note on Monday, February 10th. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $78.51.

Insider Buying and Selling at Equity Residential

In related news, CAO Ian Kaufman sold 642 shares of Equity Residential stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $72.06, for a total transaction of $46,262.52. Following the sale, the chief accounting officer now directly owns 25,539 shares of the company's stock, valued at $1,840,340.34. This trade represents a 2.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Michael L. Manelis sold 9,487 shares of Equity Residential stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $72.07, for a total value of $683,728.09. Following the sale, the chief operating officer now directly owns 26,781 shares in the company, valued at approximately $1,930,106.67. This trade represents a 26.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,763 shares of company stock worth $1,424,217 over the last three months. 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.