Equity Residential (NYSE:EQR) Shares Sold by Swiss National Bank

Swiss National Bank decreased its position in shares of Equity Residential (NYSE:EQR - Free Report) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 963,850 shares of the real estate investment trust's stock after selling 48,500 shares during the period. Swiss National Bank owned 0.25% of Equity Residential worth $69,166,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EQR. State Street Corp raised 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 worth $1,796,976,000 after buying an additional 321,002 shares during the last quarter. Geode Capital Management LLC grew its position in shares of 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 valued at $694,441,000 after purchasing an additional 132,638 shares during the period. Principal Financial Group Inc. grew its position in shares of Equity Residential by 2.0% in the fourth quarter. Principal Financial Group Inc. now owns 7,897,863 shares of the real estate investment trust's stock valued at $566,749,000 after purchasing an additional 152,248 shares during the period. FMR LLC lifted its stake in shares of 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 buying an additional 1,741,840 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Equity Residential by 806.4% in the third 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 worth $317,136,000 after buying an additional 3,789,234 shares in the last quarter. Hedge funds and other institutional investors own 92.68% of the company's stock.

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Equity Residential Stock Up 0.4 %

Shares of NYSE:EQR traded up $0.28 during trading on Wednesday, hitting $69.79. 1,247,822 shares of the company were exchanged, compared to its average volume of 1,665,836. The stock has a market capitalization of $26.50 billion, a P/E ratio of 25.66, a PEG ratio of 3.99 and a beta of 0.91. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.36 and a quick ratio of 0.36. Equity Residential has a 12-month low of $59.48 and a 12-month high of $78.83. The firm's 50 day moving average price is $70.64 and its 200-day moving average price is $72.73.

Insider Transactions at Equity Residential

In related news, CAO Ian Kaufman sold 642 shares of the company's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $72.06, for a total value of $46,262.52. Following the completion of the sale, the chief accounting officer now owns 25,539 shares in the company, valued at $1,840,340.34. This represents a 2.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert Garechana sold 4,294 shares of the company's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $72.06, for a total transaction 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. The trade was a 23.33 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,763 shares of company stock worth $1,424,217. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on EQR shares. Wells Fargo & Company reduced their target price on shares of Equity Residential from $77.00 to $75.00 and set an "equal weight" rating on the stock in a research note on Friday, January 24th. Evercore ISI lifted their price objective on shares of Equity Residential from $74.00 to $76.00 and gave the company an "in-line" rating in a report on Monday, February 10th. Barclays dropped 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 upgraded shares of Equity Residential from a "sell" rating to a "hold" rating in a report on Saturday, February 8th. Finally, Mizuho dropped 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. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $78.51.

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.