Equity Residential (NYSE:EQR) Shares Purchased by Investure LLC

Investure LLC grew its stake in shares of Equity Residential (NYSE:EQR - Free Report) by 10.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 290,699 shares of the real estate investment trust's stock after buying an additional 26,899 shares during the period. Equity Residential accounts for 1.2% of Investure LLC's portfolio, making the stock its 10th biggest holding. Investure LLC owned 0.08% of Equity Residential worth $20,861,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. lifted its holdings in Equity Residential by 607.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 361 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 310 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Equity Residential during the 3rd quarter valued at approximately $29,000. Steward Partners Investment Advisory LLC raised its stake in Equity Residential by 109.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 551 shares of the real estate investment trust's stock valued at $40,000 after purchasing an additional 288 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Equity Residential by 38.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 558 shares of the real estate investment trust's stock valued at $40,000 after buying an additional 156 shares in the last quarter. Finally, Grove Bank & Trust lifted its stake in shares of Equity Residential by 208.1% in the 4th quarter. Grove Bank & Trust now owns 610 shares of the real estate investment trust's stock valued at $44,000 after purchasing an additional 412 shares during the last quarter. 92.68% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Robert Garechana sold 4,294 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 $309,425.64. Following the completion of the sale, the chief financial officer now owns 14,108 shares in the company, valued at $1,016,622.48. This represents a 23.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Ian Kaufman sold 642 shares of the stock in a transaction dated 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 of the company's stock, valued at $1,840,340.34. This trade represents a 2.45 % 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 worth $1,424,217 in the last quarter. 1.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on EQR shares. Barclays dropped their price objective on shares of Equity Residential from $83.00 to $79.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Scotiabank boosted their target price on Equity Residential from $78.00 to $79.00 and gave the company a "sector perform" rating in a research report on Friday, February 14th. Truist Financial raised their price target on Equity Residential from $76.00 to $78.00 and gave the stock a "buy" rating in a research note on Monday, March 10th. Wells Fargo & Company reduced their target price on Equity Residential from $77.00 to $75.00 and set an "equal weight" rating on the stock in a research note on Friday, January 24th. Finally, Stifel Nicolaus set a $82.25 price objective on shares of Equity Residential in a report on Tuesday, February 4th. Ten 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, Equity Residential presently has an average rating of "Hold" and a consensus target price of $78.51.

Equity Residential Stock Up 2.3 %

Shares of NYSE EQR traded up $1.58 during midday trading on Tuesday, hitting $69.08. The company's stock had a trading volume of 387,282 shares, compared to its average volume of 1,716,443. Equity Residential has a 1 year low of $59.41 and a 1 year high of $78.84. The business's fifty day simple moving average is $69.69 and its two-hundred day simple moving average is $71.36. The firm has a market capitalization of $26.24 billion, a price-to-earnings ratio of 25.44, a price-to-earnings-growth ratio of 3.99 and a beta of 0.85. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.36 and a quick ratio of 0.36.

Equity Residential Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were issued a $0.6925 dividend. The ex-dividend date of this dividend was Monday, March 31st. This is a positive change from Equity Residential's previous quarterly dividend of $0.68. This represents a $2.77 dividend on an annualized basis and a yield of 4.01%. Equity Residential's dividend payout ratio (DPR) is 101.84%.

About Equity Residential

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.