Siligmueller & Norvid Wealth Advisors LLC Makes New $734,000 Investment in Equity Residential (NYSE:EQR)

Siligmueller & Norvid Wealth Advisors LLC bought a new stake in shares of Equity Residential (NYSE:EQR) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 10,226 shares of the real estate investment trust’s stock, valued at approximately $734,000.

A number of other hedge funds have also made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Equity Residential by 806.4% in the 3rd 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 acquiring an additional 3,789,234 shares during the period. Los Angeles Capital Management LLC grew its stake in shares of Equity Residential by 1,459.8% in the third quarter. Los Angeles Capital Management LLC now owns 1,949,473 shares of the real estate investment trust’s stock worth $145,158,000 after purchasing an additional 1,824,494 shares in the last quarter. FMR LLC increased its holdings in shares of Equity Residential by 29.0% during the third quarter. FMR LLC now owns 7,746,494 shares of the real estate investment trust’s stock valued at $576,804,000 after purchasing an additional 1,741,840 shares during the period. Principal Financial Group Inc. raised its stake in shares of Equity Residential by 8.3% during the third quarter. Principal Financial Group Inc. now owns 7,745,615 shares of the real estate investment trust’s stock valued at $576,737,000 after purchasing an additional 591,866 shares in the last quarter. Finally, Heitman Real Estate Securities LLC lifted its holdings in Equity Residential by 2,193.2% in the third quarter. Heitman Real Estate Securities LLC now owns 416,647 shares of the real estate investment trust’s stock worth $31,024,000 after purchasing an additional 398,478 shares during the period. Institutional investors and hedge funds own 92.68% of the company’s stock.

Wall Street Analysts Forecast Growth

EQR has been the topic of several research analyst reports. Royal Bank of Canada lowered their target price on shares of Equity Residential from $83.00 to $79.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. StockNews.com upgraded shares of Equity Residential from a “sell” rating to a “hold” rating in a research note on Saturday, February 8th. Barclays cut their target price on Equity Residential from $83.00 to $79.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Stifel Nicolaus set a $82.25 price target on Equity Residential in a research report on Tuesday, February 4th. Finally, Evercore ISI boosted their price objective on Equity Residential from $74.00 to $76.00 and gave the stock an “in-line” rating in a research note on Monday, February 10th. 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 stock presently has a consensus rating of “Hold” and a consensus price target of $78.46.

Insider Activity

In other Equity Residential news, COO Michael L. Manelis sold 9,487 shares of the firm’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 sale, the chief operating officer now owns 26,781 shares in the company, valued at approximately $1,930,106.67. This trade represents a 26.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Ian Kaufman sold 642 shares of the stock in a transaction 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 completion of the transaction, the chief accounting officer now 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. Over the last ninety days, insiders have sold 19,763 shares of company stock valued at $1,424,217. 1.00% of the stock is owned by insiders.

Equity Residential Stock Up 1.0 %

Shares of Equity Residential stock opened at $72.97 on Wednesday. Equity Residential has a 12-month low of $58.81 and a 12-month high of $78.83. The stock has a 50 day moving average price of $70.42 and a two-hundred day moving average price of $72.83. 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 stock has a market capitalization of $27.71 billion, a P/E ratio of 26.83, a PEG ratio of 3.99 and a beta of 0.93.

Equity Residential Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd were issued a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend was Thursday, January 2nd. Equity Residential’s dividend payout ratio (DPR) is 99.26%.

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.