2,120 Shares in Equity Residential (NYSE:EQR) Bought by Physician Wealth Advisors Inc.

Physician Wealth Advisors Inc. acquired a new stake in Equity Residential (NYSE:EQR) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 2,120 shares of the real estate investment trust’s stock, valued at approximately $152,000.

Several other large investors also recently modified their holdings of the business. Keybank National Association OH boosted its holdings in Equity Residential by 2.0% in the fourth quarter. Keybank National Association OH now owns 7,001 shares of the real estate investment trust’s stock valued at $502,000 after purchasing an additional 139 shares during the last quarter. AdvisorNet Financial Inc grew its position in shares of Equity Residential by 25.3% during the fourth quarter. AdvisorNet Financial Inc now owns 722 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 146 shares in the last quarter. Transamerica Financial Advisors Inc. increased its stake in shares of 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 worth $275,000 after buying an additional 151 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Equity Residential by 38.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 558 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 156 shares in the last quarter. Finally, Frank Rimerman Advisors LLC boosted its stake in Equity Residential by 4.0% during the 4th quarter. Frank Rimerman Advisors LLC now owns 5,604 shares of the real estate investment trust’s stock valued at $402,000 after acquiring an additional 218 shares during the last quarter. 92.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, COO Michael L. Manelis sold 9,487 shares of the company’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 value of $683,728.09. Following the completion of the sale, the chief operating officer now directly owns 26,781 shares of the company’s stock, valued at approximately $1,930,106.67. This represents a 26.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $46,262.52. Following the transaction, the chief accounting officer now owns 25,539 shares in the company, valued at $1,840,340.34. This represents a 2.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,763 shares of company stock valued at $1,424,217 over the last 90 days. 1.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on EQR. Mizuho dropped their target price on shares of Equity Residential from $78.00 to $74.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. StockNews.com raised Equity Residential from a “sell” rating to a “hold” rating in a report on Saturday, February 8th. Barclays lowered their price target on Equity Residential from $83.00 to $79.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Truist Financial raised their price objective on Equity Residential from $76.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday, March 10th. Finally, Scotiabank boosted their target price on shares of Equity Residential from $78.00 to $79.00 and gave the company a “sector perform” rating in a research note on Friday, February 14th. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Equity Residential currently has an average rating of “Hold” and an average price target of $78.51.

Equity Residential Stock Performance

Shares of EQR stock opened at $71.38 on Monday. The business has a 50 day simple moving average of $70.95 and a 200 day simple moving average of $72.47. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.36 and a quick ratio of 0.36. The firm has a market capitalization of $27.10 billion, a price-to-earnings ratio of 26.24, a price-to-earnings-growth ratio of 3.99 and a beta of 0.91. Equity Residential has a 12-month low of $59.48 and a 12-month high of $78.84.

Equity Residential Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.6925 per share. This represents a $2.77 dividend on an annualized basis and a dividend yield of 3.88%. This is a positive change from Equity Residential’s previous quarterly dividend of $0.68. The ex-dividend date is Monday, March 31st. 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.