Vinva Investment Management Ltd Sells 44,646 Shares of Equity Residential (NYSE:EQR)

Vinva Investment Management Ltd lowered its holdings in shares of Equity Residential (NYSE:EQR - Free Report) by 82.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,529 shares of the real estate investment trust's stock after selling 44,646 shares during the period. Vinva Investment Management Ltd's holdings in Equity Residential were worth $678,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vert Asset Management LLC grew its holdings in shares of Equity Residential by 7.5% in the 4th quarter. Vert Asset Management LLC now owns 150,245 shares of the real estate investment trust's stock worth $10,782,000 after acquiring an additional 10,472 shares during the last quarter. Benjamin Edwards Inc. acquired a new position in shares of Equity Residential in the 3rd quarter valued at $923,000. Atomi Financial Group Inc. increased its stake in Equity Residential by 8.3% in the 4th quarter. Atomi Financial Group Inc. now owns 3,707 shares of the real estate investment trust's stock worth $266,000 after purchasing an additional 284 shares in the last quarter. Mission Wealth Management LP acquired a new stake in Equity Residential during the 4th quarter worth about $321,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Equity Residential by 119.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 483,753 shares of the real estate investment trust's stock valued at $34,714,000 after buying an additional 263,622 shares in the last quarter. Institutional investors own 92.68% of the company's stock.

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Equity Residential Stock Performance

Shares of NYSE:EQR traded up $0.49 during trading on Wednesday, reaching $71.52. The stock had a trading volume of 1,111,038 shares, compared to its average volume of 1,578,167. 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 has a fifty day simple moving average of $70.86 and a two-hundred day simple moving average of $72.57. The firm has a market capitalization of $27.16 billion, a price-to-earnings ratio of 26.29, a P/E/G ratio of 3.99 and a beta of 0.91. Equity Residential has a 52 week low of $59.48 and a 52 week high of $78.84.

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 given a dividend of $0.6925 per share. This is a positive change from Equity Residential's previous quarterly dividend of $0.68. The ex-dividend date is Monday, March 31st. This represents a $2.77 dividend on an annualized basis and a yield of 3.87%. Equity Residential's payout ratio is currently 101.84%.

Insider Buying and Selling at Equity Residential

In related news, EVP Scott Fenster sold 5,340 shares of the business's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $72.06, for a total transaction of $384,800.40. Following the completion of the transaction, the executive vice president now owns 35,507 shares of the company's stock, valued at approximately $2,558,634.42. The trade was a 13.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Ian Kaufman sold 642 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 value 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 $1,840,340.34. This trade represents a 2.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,763 shares of company stock worth $1,424,217 over the last ninety days. Company insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. StockNews.com upgraded shares of Equity Residential from a "sell" rating to a "hold" rating in a research report on Saturday, February 8th. Evercore ISI upped their price target on Equity Residential from $74.00 to $76.00 and gave the company an "in-line" rating in a research report on Monday, February 10th. Stifel Nicolaus set a $82.25 price objective on shares of Equity Residential in a research report on Tuesday, February 4th. Truist Financial increased their target price on shares of Equity Residential from $76.00 to $78.00 and gave the stock a "buy" rating in a research report on Monday, March 10th. Finally, Wells Fargo & Company lowered their price target on shares of Equity Residential from $77.00 to $75.00 and set an "equal weight" rating on the stock in a report on Friday, January 24th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price 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.