Natixis Sells 11,124 Shares of Equity Residential (NYSE:EQR)

Natixis lowered its position in shares of Equity Residential (NYSE:EQR - Free Report) by 32.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,422 shares of the real estate investment trust's stock after selling 11,124 shares during the quarter. Natixis' holdings in Equity Residential were worth $1,681,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of EQR. Keybank National Association OH grew its holdings in shares of Equity Residential by 2.0% in the 4th quarter. Keybank National Association OH now owns 7,001 shares of the real estate investment trust's stock valued at $502,000 after buying an additional 139 shares during the period. AdvisorNet Financial Inc grew its stake in Equity Residential by 25.3% in the fourth quarter. AdvisorNet Financial Inc now owns 722 shares of the real estate investment trust's stock valued at $52,000 after acquiring an additional 146 shares during the period. Transamerica Financial Advisors Inc. grew its stake in Equity Residential by 4.1% in the fourth quarter. Transamerica Financial Advisors Inc. now owns 3,827 shares of the real estate investment trust's stock valued at $275,000 after acquiring an additional 151 shares during the period. Smartleaf Asset Management LLC increased its stake in 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 worth $40,000 after purchasing an additional 156 shares in the last quarter. Finally, Frank Rimerman Advisors LLC raised its holdings in shares of Equity Residential by 4.0% during the fourth quarter. Frank Rimerman Advisors LLC now owns 5,604 shares of the real estate investment trust's stock worth $402,000 after acquiring an additional 218 shares during the period. Institutional investors own 92.68% of the company's stock.

Insider Buying and Selling at Equity Residential

In other news, COO Michael L. Manelis sold 9,487 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $72.07, for a total transaction of $683,728.09. Following the transaction, the chief operating officer now owns 26,781 shares in the company, valued at approximately $1,930,106.67. This trade represents a 26.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Scott Fenster sold 5,340 shares of the business's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $72.06, for a total value of $384,800.40. Following the completion of the sale, the executive vice president now owns 35,507 shares of the company's stock, valued at $2,558,634.42. This trade represents a 13.07 % decrease in their ownership of the stock. 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 over the last ninety days. Insiders own 1.00% of the company's stock.

Equity Residential Stock Performance

Shares of NYSE EQR traded up $0.44 during midday trading on Monday, hitting $68.97. 289,881 shares of the company's stock were exchanged, compared to its average volume of 1,689,323. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $26.20 billion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 3.99 and a beta of 0.85. Equity Residential has a 12 month low of $59.41 and a 12 month high of $78.84. The company's 50 day moving average price is $69.52 and its 200 day moving average price is $71.26.

Equity Residential Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were given a dividend of $0.6925 per share. This represents a $2.77 dividend on an annualized basis and a yield of 4.02%. This is a boost from Equity Residential's previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Monday, March 31st. Equity Residential's payout ratio is 101.84%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Mizuho dropped their target price on Equity Residential from $78.00 to $74.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. Stifel Nicolaus set a $82.25 price objective on shares of Equity Residential in a report on Tuesday, February 4th. Truist Financial increased their target price on shares of Equity Residential from $76.00 to $78.00 and gave the stock a "buy" rating in a report on Monday, March 10th. Evercore ISI lifted their price target on shares of Equity Residential from $74.00 to $76.00 and gave the company an "in-line" rating in a research note on Monday, February 10th. Finally, Barclays reduced 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. Ten research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, Equity Residential currently has a consensus rating of "Hold" and an average price target of $79.01.

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.