Swiss National Bank Sells 48,500 Shares of Equity Residential (NYSE:EQR)

Swiss National Bank lowered its stake in Equity Residential (NYSE:EQR) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 963,850 shares of the real estate investment trust’s stock after selling 48,500 shares during the quarter. Swiss National Bank owned about 0.25% of Equity Residential worth $69,166,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in EQR. Vert Asset Management LLC lifted its position in Equity Residential by 7.5% in the 4th quarter. Vert Asset Management LLC now owns 150,245 shares of the real estate investment trust’s stock valued at $10,782,000 after acquiring an additional 10,472 shares in the last quarter. Benjamin Edwards Inc. acquired a new position in shares of Equity Residential during the third quarter worth about $923,000. Atomi Financial Group Inc. boosted its position in shares of Equity Residential by 8.3% during the fourth quarter. Atomi Financial Group Inc. now owns 3,707 shares of the real estate investment trust’s stock worth $266,000 after buying an additional 284 shares during the period. Mission Wealth Management LP bought a new position in shares of Equity Residential during the fourth quarter worth about $321,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Equity Residential by 119.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 483,753 shares of the real estate investment trust’s stock valued at $34,714,000 after buying an additional 263,622 shares during the last quarter. Institutional investors and hedge funds own 92.68% of the company’s stock.

Insider Buying and Selling at Equity Residential

In other Equity Residential news, CAO Ian Kaufman sold 642 shares of the stock in a transaction on Thursday, February 6th. The stock was 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 in the company, valued at $1,840,340.34. This trade represents a 2.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Robert Garechana sold 4,294 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 $309,425.64. Following the completion of the sale, the chief financial officer now directly owns 14,108 shares of the company’s stock, valued at approximately $1,016,622.48. The trade was a 23.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,763 shares of company stock valued at $1,424,217 in the last three months. 1.00% of the stock is currently owned by company insiders.

Equity Residential Stock Performance

NYSE EQR opened at $68.93 on Friday. The stock has a market cap of $26.17 billion, a PE ratio of 25.34, a P/E/G ratio of 3.99 and a beta of 0.91. 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 firm has a 50-day moving average of $70.56 and a 200-day moving average of $72.81. Equity Residential has a 52-week low of $59.48 and a 52-week high of $78.84.

Wall Street Analysts Forecast Growth

EQR has been the subject of several research reports. StockNews.com raised shares of Equity Residential from a “sell” rating to a “hold” rating in a research note on Saturday, February 8th. Mizuho decreased their target price on shares of Equity Residential from $78.00 to $74.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Scotiabank boosted their price target on shares of Equity Residential from $78.00 to $79.00 and gave the stock a “sector perform” rating in a research report on Friday, February 14th. Stifel Nicolaus set a $82.25 price objective on Equity Residential in a report on Tuesday, February 4th. Finally, Barclays dropped their target price on Equity Residential from $83.00 to $79.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $78.51.

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.