Equity Residential (NYSE:EQR) Position Boosted by Mystic Asset Management Inc.

Mystic Asset Management Inc. grew its holdings in shares of Equity Residential (NYSE:EQR) by 20.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,580 shares of the real estate investment trust’s stock after purchasing an additional 1,130 shares during the period. Mystic Asset Management Inc.’s holdings in Equity Residential were worth $472,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Cibc World Markets Corp boosted its holdings in shares of Equity Residential by 12.3% in the fourth quarter. Cibc World Markets Corp now owns 153,229 shares of the real estate investment trust’s stock worth $10,996,000 after buying an additional 16,770 shares during the period. American Assets Capital Advisers LLC boosted its holdings in shares of Equity Residential by 70.3% in the fourth quarter. American Assets Capital Advisers LLC now owns 11,577 shares of the real estate investment trust’s stock worth $831,000 after buying an additional 4,777 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Equity Residential by 49.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,372 shares of the real estate investment trust’s stock worth $314,000 after buying an additional 1,455 shares during the period. Natixis Advisors LLC boosted its holdings in shares of Equity Residential by 7.0% in the fourth quarter. Natixis Advisors LLC now owns 78,886 shares of the real estate investment trust’s stock worth $5,661,000 after buying an additional 5,187 shares during the period. Finally, Frank Rimerman Advisors LLC lifted its position in shares of Equity Residential by 4.0% in the fourth quarter. Frank Rimerman Advisors LLC now owns 5,604 shares of the real estate investment trust’s stock worth $402,000 after purchasing an additional 218 shares in the last quarter. Institutional investors own 92.68% of the company’s stock.

Insider Transactions at Equity Residential

In other Equity Residential news, COO Michael L. Manelis sold 9,487 shares of Equity Residential 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 sale, the chief operating officer now owns 26,781 shares in the company, valued at $1,930,106.67. The trade was a 26.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Ian Kaufman sold 642 shares of Equity Residential 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 sale, the chief accounting officer now owns 25,539 shares in the company, valued at $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 quarter, insiders have sold 19,763 shares of company stock worth $1,424,217. Insiders own 1.00% of the company’s stock.

Equity Residential Trading Down 0.9 %

Shares of Equity Residential stock opened at $69.46 on Wednesday. The company’s fifty day simple moving average is $70.64 and its 200-day simple moving average is $72.73. The company has a market cap of $26.38 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 3.99 and a beta of 0.91. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.72. Equity Residential has a 1 year low of $59.48 and a 1 year high of $78.84.

Analyst Ratings Changes

EQR has been the subject of a number of research analyst reports. Stifel Nicolaus set a $82.25 price target on shares of Equity Residential in a research report on Tuesday, February 4th. Mizuho reduced their price target 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. Barclays reduced their price target on shares of Equity Residential from $83.00 to $79.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Evercore ISI increased their price target on shares of Equity Residential from $74.00 to $76.00 and gave the stock an “in-line” rating in a research report on Monday, February 10th. Finally, Scotiabank increased 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. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average 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.