Equity Residential (NYSE:EQR) Shares Sold by Andra AP fonden

Andra AP fonden reduced its holdings in shares of Equity Residential (NYSE:EQR) by 43.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,600 shares of the real estate investment trust’s stock after selling 93,300 shares during the quarter. Andra AP fonden’s holdings in Equity Residential were worth $8,726,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EQR. SRS Capital Advisors Inc. increased its stake in shares of Equity Residential by 607.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 361 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 310 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Equity Residential during the 3rd quarter valued at $29,000. Brooklyn Investment Group acquired a new stake in Equity Residential during the 3rd quarter valued at $33,000. Assetmark Inc. increased its position in Equity Residential by 2,529.4% during the third quarter. Assetmark Inc. now owns 447 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 430 shares in the last quarter. Finally, Continuum Advisory LLC acquired a new position in shares of Equity Residential in the third quarter worth $40,000. Institutional investors and hedge funds own 92.68% of the company’s stock.

Insider Activity

In related news, CAO Ian Kaufman sold 642 shares of the firm’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 $46,262.52. Following 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Scott Fenster sold 5,340 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $72.06, for a total value of $384,800.40. Following the transaction, the executive vice president now directly owns 35,507 shares in the company, valued at $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. In the last 90 days, insiders have sold 19,763 shares of company stock valued at $1,424,217. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

EQR has been the topic of a number of analyst reports. Mizuho decreased their price objective on Equity Residential from $78.00 to $74.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Stifel Nicolaus set a $82.25 price target on shares of Equity Residential in a research note on Tuesday, February 4th. Evercore ISI boosted their price objective on shares of Equity Residential from $74.00 to $76.00 and gave the company an “in-line” rating in a research report on Monday, February 10th. Wells Fargo & Company reduced their price objective 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. Finally, Barclays lowered their target price on shares of Equity Residential from $83.00 to $79.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $78.46.

Equity Residential Stock Up 0.1 %

EQR opened at $71.97 on Friday. Equity Residential has a 1 year low of $59.48 and a 1 year high of $78.83. The firm has a 50 day moving average price of $70.74 and a 200 day moving average price of $72.93. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.36 and a current ratio of 0.36. The company has a market cap of $27.33 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 3.99 and a beta of 0.91.

Equity Residential Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd were given a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend was Thursday, January 2nd. Equity Residential’s payout ratio is currently 99.26%.

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.