Wealth Alliance Sells 173 Shares of Equity Residential (NYSE:EQR)

Wealth Alliance trimmed its stake in shares of Equity Residential (NYSE:EQR) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,465 shares of the real estate investment trust’s stock after selling 173 shares during the quarter. Wealth Alliance’s holdings in Equity Residential were worth $536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of EQR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Equity Residential by 806.4% during the 3rd 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 acquiring an additional 3,789,234 shares during the last quarter. Los Angeles Capital Management LLC grew its position in shares of Equity Residential by 1,459.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 1,949,473 shares of the real estate investment trust’s stock worth $145,158,000 after buying an additional 1,824,494 shares during the last quarter. FMR LLC grew its position in shares of Equity Residential by 29.0% in the 3rd 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 during the last quarter. Principal Financial Group Inc. grew its position in shares of Equity Residential by 8.3% in the 3rd quarter. Principal Financial Group Inc. now owns 7,745,615 shares of the real estate investment trust’s stock worth $576,737,000 after buying an additional 591,866 shares during the last quarter. Finally, Heitman Real Estate Securities LLC grew its position in shares of Equity Residential by 2,193.2% in the 3rd quarter. Heitman Real Estate Securities LLC now owns 416,647 shares of the real estate investment trust’s stock worth $31,024,000 after buying an additional 398,478 shares during the last quarter. 92.68% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Equity Residential

In other news, CFO Robert Garechana sold 4,294 shares of the business’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $72.06, for a total value 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Ian Kaufman sold 642 shares of the business’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $72.06, for a total value of $46,262.52. Following the completion of the transaction, the chief accounting officer now owns 25,539 shares of the company’s stock, valued at $1,840,340.34. This represents a 2.45 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,763 shares of company stock worth $1,424,217. 1.00% of the stock is owned by insiders.

Equity Residential Stock Up 0.8 %

Shares of NYSE:EQR opened at $71.66 on Friday. The stock has a fifty day simple moving average of $70.48 and a two-hundred day simple moving average of $72.76. The stock has a market capitalization of $27.21 billion, a price-to-earnings ratio of 26.35, a PEG ratio of 3.97 and a beta of 0.93. Equity Residential has a 12-month low of $58.81 and a 12-month high of $78.83. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.72.

Equity Residential Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend was Thursday, January 2nd. Equity Residential’s payout ratio is 99.26%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on EQR shares. Scotiabank lifted their price objective on Equity Residential from $78.00 to $79.00 and gave the stock a “sector perform” rating in a research report on Friday, February 14th. Mizuho cut their price objective on Equity Residential from $78.00 to $74.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Royal Bank of Canada cut their price objective on Equity Residential from $83.00 to $79.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Barclays cut their price objective 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, Stifel Nicolaus upgraded Equity Residential from a “hold” rating to a “buy” rating and lifted their price target for the company from $77.75 to $81.50 in a research report on Wednesday, November 13th. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $78.42.

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.