2 weeks Ago By ABMN Staff
Townsquare Capital LLC raised its holdings in Equity Residential ( NYSE:EQR – Free Report ) by 9.1% in the fourth quarter, Holdings Channel reports. The fund owned 4,971 shares of the real estate investment trust’s stock after acquiring an additional 415 shares during the period.
Townsquare Capital LLC’s holdings in Equity Residential were worth $357,000 at the end of the most recent quarter. Other large investors also recently modified their holdings of the company. SRS Capital Advisors Inc.
increased its stake in 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 bought a new stake in shares of Equity Residential in the third quarter valued at about $29,000. Smartleaf Asset Management LLC lifted its stake in Equity Residential by 38.
8% in the 4th quarter. Smartleaf Asset Management LLC now owns 558 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 156 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Equity Residential by 109.
5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 551 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 288 shares in the last quarter. Finally, Grove Bank & Trust lifted its position in Equity Residential by 208.
1% during the 4th quarter. Grove Bank & Trust now owns 610 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 412 shares in the last quarter. 92.
68% of the stock is currently owned by institutional investors. Equity Residential Stock Performance NYSE EQR opened at $67.59 on Tuesday.
Equity Residential has a 12-month low of $59.41 and a 12-month high of $78.84.
The firm has a 50-day moving average price of $69.69 and a two-hundred day moving average price of $71.36.
The company has a market capitalization of $25.67 billion, a P/E ratio of 24.85, a P/E/G ratio of 3.
99 and a beta of 0.85. 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 Insider Buying and Selling at Equity Residential In related news, CAO Ian Kaufman sold 642 shares of the company’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $72.06, for a total transaction of $46,262.
52. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website .
Also, 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 of the company’s stock, valued at $1,016,622.48.
The trade was a 23.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders sold 19,763 shares of company stock valued at $1,424,217 in the last three months. Corporate insiders own 1.00% of the company’s stock.
Wall Street Analysts Forecast Growth EQR has been the subject of several recent research reports. Truist Financial increased their price target on Equity Residential from $76.00 to $78.
00 and gave the company a “buy” rating in a research report on Monday, March 10th. Scotiabank raised their target price on shares of Equity Residential from $78.00 to $79.
00 and gave the company a “sector perform” rating in a research note on Friday, February 14th. Mizuho dropped their price target on shares of Equity Residential from $78.00 to $74.
00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Wells Fargo & Company decreased their price objective on shares of Equity Residential from $77.00 to $75.
00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Finally, Evercore ISI raised their target price on shares of Equity Residential from $74.00 to $76.
00 and gave the company an “in-line” rating in a research note on Monday, February 10th. Ten 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, the stock presently has an average rating of “Hold” and a consensus target price of $78.
51. Read Our Latest Stock Report on Equity Residential Equity Residential Profile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding EQR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equity Residential ( NYSE:EQR – Free Report ).
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