Equity Residential (NYSE:EQR) Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC reduced its position in Equity Residential (NYSE:EQRFree Report) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,267 shares of the real estate investment trust’s stock after selling 1,166 shares during the period. Moran Wealth Management LLC’s holdings in Equity Residential were worth $1,117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in EQR. Financial Gravity Asset Management Inc. lifted its stake in shares of Equity Residential by 593.9% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 458 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 392 shares during the period. Bruce G. Allen Investments LLC acquired a new position in shares of Equity Residential in the 4th quarter valued at $28,000. Allworth Financial LP increased its holdings in Equity Residential by 120.8% in the 4th quarter. Allworth Financial LP now owns 488 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 267 shares in the last quarter. AdvisorNet Financial Inc purchased a new stake in Equity Residential in the 4th quarter worth $34,000. Finally, Kelly Lawrence W & Associates Inc. CA purchased a new stake in Equity Residential in the 3rd quarter worth $40,000. 92.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Equity Residential in a report on Tuesday, January 30th. They issued a “hold” rating and a $64.00 price target for the company. Evercore ISI lowered shares of Equity Residential from an “outperform” rating to an “in-line” rating and set a $70.00 price target for the company. in a report on Monday. Piper Sandler boosted their price target on shares of Equity Residential from $62.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, April 29th. Truist Financial cut their price target on shares of Equity Residential from $71.00 to $67.00 and set a “buy” rating for the company in a report on Tuesday, April 9th. Finally, Royal Bank of Canada upped their target price on shares of Equity Residential from $65.00 to $66.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Twelve investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $68.22.

View Our Latest Stock Analysis on EQR

Insider Buying and Selling at Equity Residential

In other Equity Residential news, Director Mary Kay Haben sold 3,241 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $65.48, for a total value of $212,220.68. Following the transaction, the director now owns 9,720 shares of the company’s stock, valued at $636,465.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Alexander Brackenridge sold 4,027 shares of the stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $65.01, for a total transaction of $261,795.27. Following the sale, the executive vice president now owns 69,901 shares of the company’s stock, valued at $4,544,264.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary Kay Haben sold 3,241 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $65.48, for a total transaction of $212,220.68. Following the sale, the director now directly owns 9,720 shares in the company, valued at approximately $636,465.60. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Equity Residential Trading Up 0.2 %

Shares of EQR traded up $0.15 during mid-day trading on Wednesday, reaching $67.54. The stock had a trading volume of 376,248 shares, compared to its average volume of 2,050,622. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.23 and a quick ratio of 0.23. Equity Residential has a 52-week low of $52.57 and a 52-week high of $69.45. The business’s fifty day moving average is $63.32 and its 200 day moving average is $60.53. The firm has a market cap of $25.63 billion, a price-to-earnings ratio of 28.05, a P/E/G ratio of 3.54 and a beta of 0.82.

Equity Residential (NYSE:EQRGet Free Report) last posted its earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. Equity Residential had a net margin of 31.70% and a return on equity of 8.18%. The company had revenue of $730.80 million for the quarter, compared to analysts’ expectations of $728.09 million. During the same quarter in the prior year, the company posted $0.87 earnings per share. Equity Residential’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, sell-side analysts predict that Equity Residential will post 3.87 EPS for the current fiscal year.

Equity Residential Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Monday, March 25th were given a $0.675 dividend. The ex-dividend date was Friday, March 22nd. This represents a $2.70 dividend on an annualized basis and a yield of 4.00%. This is a boost from Equity Residential’s previous quarterly dividend of $0.66. Equity Residential’s dividend payout ratio is presently 112.03%.

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.

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Institutional Ownership by Quarter for Equity Residential (NYSE:EQR)

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