Equity Residential (NYSE:EQR) Shares Sold by Amundi

Amundi lessened its position in Equity Residential (NYSE:EQR) by 45.0% during the fourth quarter, Holdings Channel reports. The fund owned 639,804 shares of the real estate investment trust’s stock after selling 522,572 shares during the quarter. Amundi’s holdings in Equity Residential were worth $43,200,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. SRS Capital Advisors Inc. raised its holdings in shares of Equity Residential by 607.8% in 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 purchased a new position in Equity Residential during the third quarter valued at approximately $29,000. Assetmark Inc. lifted its stake in Equity Residential by 2,529.4% in the third quarter. Assetmark Inc. now owns 447 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 430 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Equity Residential in the third quarter valued at approximately $33,000. Finally, Continuum Advisory LLC acquired a new stake 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.

Wall Street Analyst Weigh In

Several equities analysts recently commented on EQR shares. Wells Fargo & Company cut their target price on shares of Equity Residential from $77.00 to $75.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Scotiabank upped their target price on shares of Equity Residential from $78.00 to $79.00 and gave the stock a “sector perform” rating in a report on Friday, February 14th. Evercore ISI upped their target price on shares of Equity Residential from $74.00 to $76.00 and gave the stock an “in-line” rating in a report on Monday, February 10th. Stifel Nicolaus set a $82.25 price objective on shares of Equity Residential in a report on Tuesday, February 4th. Finally, Truist Financial increased their price objective on shares of Equity Residential from $76.00 to $78.00 and gave the stock a “buy” rating in a report on Monday. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Equity Residential currently has a consensus rating of “Hold” and a consensus target price of $78.51.

Equity Residential Stock Down 1.2 %

Shares of NYSE EQR opened at $68.97 on Thursday. The stock has a market capitalization of $26.19 billion, a P/E ratio of 25.35, a P/E/G ratio of 3.99 and a beta of 0.91. The company has a 50-day moving average price of $70.64 and a 200-day moving average price of $72.87. Equity Residential has a 1 year low of $59.48 and a 1 year high of $78.84. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.36 and a quick ratio of 0.36.

Insider Activity at Equity Residential

In related news, COO Michael L. Manelis sold 9,487 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $72.07, for a total transaction of $683,728.09. Following the completion of the transaction, the chief operating officer now owns 26,781 shares of the company’s stock, valued at approximately $1,930,106.67. The trade was a 26.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Ian Kaufman sold 642 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 $46,262.52. Following the transaction, the chief accounting officer now directly owns 25,539 shares of the company’s stock, valued at approximately $1,840,340.34. This represents a 2.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,763 shares of company stock valued at $1,424,217 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

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.