Equity Residential (NYSE:EQR) Shares Acquired by American Assets Capital Advisers LLC

American Assets Capital Advisers LLC increased its stake in shares of Equity Residential (NYSE:EQR) by 70.3% in the 4th quarter, HoldingsChannel reports. The firm owned 11,577 shares of the real estate investment trust’s stock after buying an additional 4,777 shares during the quarter. American Assets Capital Advisers LLC’s holdings in Equity Residential were worth $831,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EQR. SRS Capital Advisors Inc. increased its position in Equity Residential by 607.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 361 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 310 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Equity Residential during the third quarter valued at $29,000. Brooklyn Investment Group purchased a new stake in Equity Residential during the 3rd quarter worth about $33,000. Assetmark Inc. raised its stake in Equity Residential by 2,529.4% in the 3rd quarter. Assetmark Inc. now owns 447 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 430 shares during the last quarter. Finally, Continuum Advisory LLC purchased a new position in Equity Residential in the 3rd quarter valued at about $40,000. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Insider Activity at Equity Residential

In related news, CAO Ian Kaufman sold 642 shares of the firm’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $72.06, for a total transaction of $46,262.52. Following the sale, the chief accounting officer now directly owns 25,539 shares in the company, valued at approximately $1,840,340.34. This trade represents a 2.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 value 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. This represents a 26.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,763 shares of company stock worth $1,424,217. 1.00% of the stock is currently owned by corporate insiders.

Equity Residential Price Performance

EQR opened at $68.93 on Friday. The company has a 50 day moving average of $70.56 and a two-hundred day moving average of $72.81. Equity Residential has a 52-week low of $59.48 and a 52-week high of $78.84. 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 P/E ratio of 25.34, a P/E/G ratio of 3.99 and a beta of 0.91.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on EQR shares. Mizuho lowered their price target on shares of Equity Residential from $78.00 to $74.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Scotiabank boosted their price target on Equity Residential from $78.00 to $79.00 and gave the company a “sector perform” rating in a report on Friday, February 14th. StockNews.com upgraded Equity Residential from a “sell” rating to a “hold” rating in a report on Saturday, February 8th. Evercore ISI lifted their price objective on Equity Residential from $74.00 to $76.00 and gave the company an “in-line” rating in a research report on Monday, February 10th. Finally, Truist Financial increased their target price 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 given a buy rating to the stock. Based on data from MarketBeat, Equity Residential presently has an average rating of “Hold” and a consensus target price of $78.51.

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.