SG Americas Securities LLC trimmed its position in shares of Equity Residential (NYSE:EQR – Free Report) by 74.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,340 shares of the real estate investment trust’s stock after selling 41,268 shares during the period. SG Americas Securities LLC’s holdings in Equity Residential were worth $1,029,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EQR. State Street Corp boosted its holdings in shares of Equity Residential by 1.4% during the 3rd quarter. State Street Corp now owns 23,922,127 shares of the real estate investment trust’s stock worth $1,796,976,000 after buying an additional 321,002 shares during the period. Geode Capital Management LLC increased its stake in 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 valued at $694,441,000 after acquiring an additional 132,638 shares during the period. FMR LLC raised its stake in shares of Equity Residential by 29.0% in 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 in the last quarter. Principal Financial Group Inc. boosted its position in shares of Equity Residential by 8.3% during the 3rd 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 acquiring an additional 591,866 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of 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 purchasing an additional 3,789,234 shares during the period. Institutional investors own 92.68% of the company’s stock.
Equity Residential Price Performance
Equity Residential stock opened at $69.31 on Wednesday. The company has a market capitalization of $26.30 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 5.36 and a beta of 0.93. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.76. Equity Residential has a 12 month low of $57.33 and a 12 month high of $78.83. The stock’s 50 day moving average is $71.91 and its 200-day moving average is $72.67.
Equity Residential Dividend Announcement
Analyst Ratings Changes
EQR has been the subject of a number of research analyst reports. Royal Bank of Canada cut their target price on shares of Equity Residential from $83.00 to $79.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. StockNews.com upgraded Equity Residential from a “sell” rating to a “hold” rating in a report on Monday, January 13th. Mizuho reduced their target price on Equity Residential from $78.00 to $74.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Stifel Nicolaus raised shares of Equity Residential from a “hold” rating to a “buy” rating and boosted their price objective for the company from $77.75 to $81.50 in a research report on Wednesday, November 13th. Finally, Scotiabank cut their price objective on shares of Equity Residential from $81.00 to $78.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $78.36.
Check Out Our Latest Report on EQR
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.
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