New Age Alpha Advisors LLC Grows Stock Holdings in Equity Residential (NYSE:EQR)

New Age Alpha Advisors LLC increased its position in Equity Residential (NYSE:EQR) by 40,099.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 84,418 shares of the real estate investment trust’s stock after buying an additional 84,208 shares during the period. New Age Alpha Advisors LLC’s holdings in Equity Residential were worth $6,058,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Keybank National Association OH grew its stake in Equity Residential by 2.0% in the 4th quarter. Keybank National Association OH now owns 7,001 shares of the real estate investment trust’s stock worth $502,000 after acquiring an additional 139 shares in the last quarter. AdvisorNet Financial Inc raised its position in Equity Residential by 25.3% during the 4th quarter. AdvisorNet Financial Inc now owns 722 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 146 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of 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 worth $40,000 after buying an additional 156 shares during the period. Frank Rimerman Advisors LLC grew its position in shares of Equity Residential by 4.0% during the 4th quarter. Frank Rimerman Advisors LLC now owns 5,604 shares of the real estate investment trust’s stock worth $402,000 after buying an additional 218 shares in the last quarter. Finally, US Bancorp DE increased its stake in shares of Equity Residential by 0.7% during the fourth quarter. US Bancorp DE now owns 31,433 shares of the real estate investment trust’s stock valued at $2,256,000 after buying an additional 219 shares during the period. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Insider Activity

In other news, EVP Scott Fenster sold 5,340 shares of the business’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 $384,800.40. Following the completion of the sale, the executive vice president now owns 35,507 shares of the company’s stock, valued at $2,558,634.42. The trade was a 13.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Michael L. Manelis sold 9,487 shares of the firm’s stock in a transaction dated 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 directly owns 26,781 shares in the company, valued at $1,930,106.67. This represents a 26.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,763 shares of company stock worth $1,424,217 over the last three months. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. 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 report on Monday, February 10th. Mizuho lowered their target price on Equity Residential from $78.00 to $74.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Stifel Nicolaus set a $82.25 price target on Equity Residential in a report on Tuesday, February 4th. Wells Fargo & Company decreased their price objective on 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. Finally, Truist Financial lifted their target price on Equity Residential from $76.00 to $78.00 and gave the company a “buy” rating in a research note on Monday, March 10th. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $78.51.

Equity Residential Stock Down 0.4 %

EQR opened at $71.31 on Friday. The company has a fifty day moving average of $70.92 and a two-hundred day moving average of $72.55. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.36 and a current ratio of 0.36. Equity Residential has a fifty-two week low of $59.48 and a fifty-two week high of $78.84. The stock has a market capitalization of $27.08 billion, a price-to-earnings ratio of 26.22, a PEG ratio of 3.99 and a beta of 0.91.

Equity Residential Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be issued a $0.6925 dividend. This is a positive change from Equity Residential’s previous quarterly dividend of $0.68. This represents a $2.77 annualized dividend and a yield of 3.88%. The ex-dividend date is Monday, March 31st. Equity Residential’s dividend payout ratio (DPR) is presently 101.84%.

Equity Residential Company 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.