Steward Partners Investment Advisory LLC Has $40,000 Stake in Equity Residential (NYSE:EQR)

Steward Partners Investment Advisory LLC boosted its holdings in shares of Equity Residential (NYSE:EQR) by 109.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 551 shares of the real estate investment trust’s stock after purchasing an additional 288 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Equity Residential were worth $40,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vert Asset Management LLC increased its holdings in Equity Residential by 7.5% during 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 purchasing an additional 10,472 shares in the last quarter. Benjamin Edwards Inc. acquired a new stake in Equity Residential during the 3rd quarter valued at $923,000. Atomi Financial Group Inc. increased its holdings in Equity Residential by 8.3% during the 4th quarter. Atomi Financial Group Inc. now owns 3,707 shares of the real estate investment trust’s stock valued at $266,000 after purchasing an additional 284 shares in the last quarter. Mission Wealth Management LP acquired a new stake in Equity Residential during the 4th quarter valued at $321,000. Finally, Tidal Investments LLC increased its stake in shares of Equity Residential by 12.3% in the 3rd quarter. Tidal Investments LLC now owns 129,258 shares of the real estate investment trust’s stock valued at $9,625,000 after buying an additional 14,109 shares during the period. 92.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EQR has been the subject of several research reports. Truist Financial lifted their target price on Equity Residential from $76.00 to $78.00 and gave the company a “buy” rating in a research note on Monday, March 10th. Barclays lowered their target price on Equity Residential from $83.00 to $79.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Evercore ISI lifted their target price on Equity Residential from $74.00 to $76.00 and gave the company an “in-line” rating in a research note on Monday, February 10th. Stifel Nicolaus set a $82.25 target price on Equity Residential in a research note on Tuesday, February 4th. Finally, StockNews.com raised Equity Residential from a “sell” rating to a “hold” rating in a research note on Saturday, February 8th. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $78.51.

Insider Activity at Equity Residential

In other 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 value of $46,262.52. Following the completion of the transaction, the chief accounting officer now directly owns 25,539 shares in the company, valued at approximately $1,840,340.34. This represents a 2.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Michael L. Manelis sold 9,487 shares of the stock in a transaction on Thursday, February 6th. The shares were 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 $1,930,106.67. The trade was a 26.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,763 shares of company stock worth $1,424,217. Company insiders own 1.00% of the company’s stock.

Equity Residential Price Performance

Equity Residential stock opened at $69.46 on Wednesday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.72. The company has a market capitalization 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 stock’s 50 day moving average is $70.64 and its 200-day moving average is $72.73. Equity Residential has a 12 month low of $59.48 and a 12 month high of $78.84.

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.