2 weeks Ago By ABMN Staff
Victory Capital Management Inc. trimmed its holdings in shares of Equity Residential ( NYSE:EQR – Free Report ) by 9.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission.
The firm owned 116,521 shares of the real estate investment trust’s stock after selling 12,604 shares during the period. Victory Capital Management Inc.’s holdings in Equity Residential were worth $8,362,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in 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 buying an additional 3,789,234 shares during the last quarter. FMR LLC boosted its position in Equity Residential by 29.0% in the 3rd quarter.
FMR LLC now owns 7,746,494 shares of the real estate investment trust’s stock valued at $576,804,000 after buying an additional 1,741,840 shares during the last quarter. Principal Financial Group Inc. boosted its position in Equity Residential by 8.
3% in 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 buying an additional 591,866 shares during the last quarter.
Heitman Real Estate Securities LLC boosted its position in Equity Residential by 2,193.2% in the 3rd quarter. Heitman Real Estate Securities LLC now owns 416,647 shares of the real estate investment trust’s stock valued at $31,024,000 after buying an additional 398,478 shares during the last quarter.
Finally, KBC Group NV boosted its position in Equity Residential by 100.9% in the 4th quarter. KBC Group NV now owns 691,061 shares of the real estate investment trust’s stock valued at $49,590,000 after buying an additional 347,085 shares during the last quarter.
92.68% of the stock is owned by hedge funds and other institutional investors. Insider Buying and Selling at Equity Residential In other Equity Residential news, CAO Ian Kaufman sold 642 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th.
The shares were sold at an average price of $72.06, for a total value of $46,262.52.
Following the sale, the chief accounting officer now owns 25,539 shares in the company, valued at approximately $1,840,340.34. This trade represents a 2.
45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link . Also, COO Michael L.
Manelis sold 9,487 shares of the firm’s stock in a transaction that occurred 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 completion of 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 position. The disclosure for this sale can be found here .
Over the last 90 days, insiders have sold 19,763 shares of company stock worth $1,424,217. 1.00% of the stock is owned by company insiders.
Equity Residential Price Performance Wall Street Analyst Weigh In A number of equities analysts have weighed in on EQR shares. Evercore ISI upped their price objective on shares of Equity Residential from $74.00 to $76.
00 and gave the company an “in-line” rating in a research report on Monday, February 10th. Barclays reduced their price target on shares of Equity Residential from $83.00 to $79.
00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Truist Financial increased their price target on shares of Equity Residential from $76.00 to $78.
00 and gave the stock a “buy” rating in a research report on Monday, March 10th. 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. Finally, Stifel Nicolaus set a $82.25 price target on shares of Equity Residential in a research report on Tuesday, February 4th.
Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Equity Residential presently has a consensus rating of “Hold” and a consensus target price of $78.
51. View Our Latest Report on Equity Residential Equity Residential Company Profile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding EQR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equity Residential ( NYSE:EQR – Free Report ).
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