Bank Julius Baer & Co. Ltd Zurich Has $139,000 Stock Position in Equity Residential (NYSE:EQR)

Bank Julius Baer & Co. Ltd Zurich reduced its holdings in shares of Equity Residential (NYSE:EQR) by 24.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,749 shares of the real estate investment trust’s stock after selling 552 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Equity Residential were worth $139,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. State Street Corp boosted its holdings in Equity Residential by 1.4% in the third quarter. State Street Corp now owns 23,922,127 shares of the real estate investment trust’s stock valued at $1,796,976,000 after acquiring an additional 321,002 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Equity Residential by 1.4% during the third quarter. Geode Capital Management LLC now owns 9,353,944 shares of the real estate investment trust’s stock worth $694,441,000 after acquiring an additional 132,638 shares in the last quarter. Principal Financial Group Inc. increased its holdings 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 raised its position in 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 valued at $576,804,000 after buying an additional 1,741,840 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Equity Residential by 806.4% in the third 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 valued at $317,136,000 after purchasing an additional 3,789,234 shares during the last quarter. Institutional investors and hedge funds own 92.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. 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 note on Monday. Mizuho reduced their price objective on Equity Residential from $78.00 to $74.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Barclays decreased their price target on shares of Equity Residential from $83.00 to $79.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. StockNews.com upgraded Equity Residential from a “sell” rating to a “hold” rating in a research note on Saturday, February 8th. Finally, Wells Fargo & Company lowered their price target on Equity Residential from $77.00 to $75.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $78.51.

Equity Residential Stock Performance

NYSE:EQR opened at $69.87 on Wednesday. Equity Residential has a fifty-two week low of $59.48 and a fifty-two week high of $78.84. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.36 and a current ratio of 0.36. The company has a 50 day simple moving average of $70.70 and a two-hundred day simple moving average of $72.90. The company has a market capitalization of $26.53 billion, a PE ratio of 25.69, a P/E/G ratio of 3.99 and a beta of 0.91.

Equity Residential Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd were issued a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend was Thursday, January 2nd. Equity Residential’s payout ratio is 99.26%.

Insider Activity

In other Equity Residential news, COO Michael L. Manelis sold 9,487 shares of the company’s stock in a transaction 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 transaction, the chief operating officer now owns 26,781 shares in the company, valued at approximately $1,930,106.67. This represents a 26.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Ian Kaufman sold 642 shares of Equity Residential 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,763 shares of company stock worth $1,424,217 in the last three months. Company insiders own 1.00% of the company’s stock.

About Equity Residential

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.