Equity Residential (NYSE:EQR) Shares Acquired by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd lifted its stake in Equity Residential (NYSE:EQR - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 143,221 shares of the real estate investment trust's stock after buying an additional 8,137 shares during the period. UniSuper Management Pty Ltd's holdings in Equity Residential were worth $10,278,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Keybank National Association OH lifted its position in shares of 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 worth $502,000 after purchasing an additional 139 shares during the period. AdvisorNet Financial Inc raised its stake in shares of Equity Residential by 25.3% in the fourth quarter. AdvisorNet Financial Inc now owns 722 shares of the real estate investment trust's stock worth $52,000 after purchasing an additional 146 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Equity Residential by 38.8% in the fourth 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 last quarter. Frank Rimerman Advisors LLC raised its position 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 worth $402,000 after acquiring an additional 218 shares during the period. Finally, US Bancorp DE raised its stake in shares of Equity Residential by 0.7% in the fourth quarter. US Bancorp DE now owns 31,433 shares of the real estate investment trust's stock worth $2,256,000 after buying an additional 219 shares during the period. Institutional investors own 92.68% of the company's stock.

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Insider Activity

In related news, CFO Robert Garechana sold 4,294 shares of the business's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $72.06, for a total transaction of $309,425.64. Following the completion of the transaction, the chief financial officer now owns 14,108 shares in the company, valued at $1,016,622.48. The trade was a 23.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Scott Fenster sold 5,340 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $72.06, for a total transaction of $384,800.40. Following the completion of the sale, the executive vice president now owns 35,507 shares of the company's stock, valued at approximately $2,558,634.42. This trade represents a 13.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have 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 0.3 %

Shares of EQR stock traded down $0.20 on Tuesday, hitting $71.38. The stock had a trading volume of 315,711 shares, compared to its average volume of 1,679,857. Equity Residential has a one year low of $59.48 and a one year high of $78.84. The business has a 50 day moving average price of $70.99 and a 200 day moving average price of $72.42. The company has a market cap of $27.10 billion, a PE ratio of 26.22, a P/E/G ratio of 3.99 and a beta of 0.91. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.72.

Equity Residential Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be given a $0.6925 dividend. This represents a $2.77 annualized dividend and a dividend yield of 3.88%. The ex-dividend date is Monday, March 31st. This is a boost from Equity Residential's previous quarterly dividend of $0.68. Equity Residential's dividend payout ratio is presently 101.84%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Barclays reduced their price objective on Equity Residential from $83.00 to $79.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. Wells Fargo & Company dropped their target price on Equity Residential from $77.00 to $75.00 and set an "equal weight" rating for the company in a report on Friday, January 24th. Scotiabank increased their price target on Equity Residential from $78.00 to $79.00 and gave the company a "sector perform" rating in a report on Friday, February 14th. StockNews.com upgraded Equity Residential from a "sell" rating to a "hold" rating in a research report on Saturday, February 8th. Finally, Truist Financial boosted their price objective on shares of Equity Residential from $76.00 to $78.00 and gave the company a "buy" rating in a research report on Monday, March 10th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $78.51.

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.