Equity Residential (NYSE:EQR) Shares Sold by Capital Management Associates NY

Capital Management Associates NY trimmed its stake in shares of Equity Residential (NYSE:EQR) by 57.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,000 shares of the real estate investment trust’s stock after selling 4,000 shares during the quarter. Capital Management Associates NY’s holdings in Equity Residential were worth $215,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. State Street Corp grew its stake in Equity Residential by 1.4% during the 3rd quarter. State Street Corp now owns 23,922,127 shares of the real estate investment trust’s stock worth $1,796,976,000 after purchasing an additional 321,002 shares in the last quarter. Geode Capital Management LLC grew its stake in Equity Residential by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 9,353,944 shares of the real estate investment trust’s stock worth $694,441,000 after purchasing an additional 132,638 shares in the last quarter. Principal Financial Group Inc. grew its stake in Equity Residential by 2.0% during the 4th quarter. Principal Financial Group Inc. now owns 7,897,863 shares of the real estate investment trust’s stock worth $566,749,000 after purchasing an additional 152,248 shares in the last quarter. FMR LLC grew its stake in Equity Residential by 29.0% during the 3rd quarter. FMR LLC now owns 7,746,494 shares of the real estate investment trust’s stock worth $576,804,000 after purchasing an additional 1,741,840 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake 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 purchasing an additional 3,789,234 shares in the last quarter. 92.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on EQR shares. Barclays lowered their target price on Equity Residential from $83.00 to $79.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Stifel Nicolaus set a $82.25 price objective on Equity Residential in a research report on Tuesday, February 4th. StockNews.com raised Equity Residential from a “sell” rating to a “hold” rating in a research report on Saturday, February 8th. Evercore ISI upped their price objective on Equity Residential from $74.00 to $76.00 and gave the stock an “in-line” rating in a research report on Monday, February 10th. Finally, Truist Financial upped their price objective on Equity Residential from $76.00 to $78.00 and gave the stock a “buy” rating in a research report on Monday, March 10th. Eleven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $78.51.

Insider Buying and Selling at Equity Residential

In other Equity Residential news, COO Michael L. Manelis sold 9,487 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $72.07, for a total transaction of $683,728.09. Following the completion of the sale, the chief operating officer now directly owns 26,781 shares of the company’s stock, valued at $1,930,106.67. This represents a 26.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert Garechana sold 4,294 shares of the 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 $309,425.64. Following the transaction, the chief financial officer now directly owns 14,108 shares of the company’s stock, valued at approximately $1,016,622.48. This trade represents a 23.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,763 shares of company stock valued at $1,424,217 in the last ninety days. Insiders own 1.00% of the company’s stock.

Equity Residential Stock Up 1.0 %

EQR opened at $68.93 on Friday. The business has a 50 day moving average price of $70.56 and a two-hundred day moving average price of $72.81. 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 company has a market cap of $26.17 billion, a PE ratio of 25.34, 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 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.