Sequoia Financial Advisors LLC Purchases 368 Shares of Equity Residential (NYSE:EQR)

Sequoia Financial Advisors LLC increased its position in Equity Residential (NYSE:EQR) by 13.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,055 shares of the real estate investment trust’s stock after purchasing an additional 368 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Equity Residential were worth $219,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vert Asset Management LLC grew its stake in Equity Residential by 7.5% in the fourth quarter. Vert Asset Management LLC now owns 150,245 shares of the real estate investment trust’s stock worth $10,782,000 after purchasing an additional 10,472 shares in the last quarter. Benjamin Edwards Inc. bought a new position in Equity Residential in the third quarter worth approximately $923,000. Atomi Financial Group Inc. grew its stake in Equity Residential by 8.3% in the fourth quarter. Atomi Financial Group Inc. now owns 3,707 shares of the real estate investment trust’s stock worth $266,000 after purchasing an additional 284 shares in the last quarter. Mission Wealth Management LP bought a new stake in Equity Residential during the 4th quarter valued at $321,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Equity Residential by 119.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 483,753 shares of the real estate investment trust’s stock valued at $34,714,000 after acquiring an additional 263,622 shares in the last quarter. Institutional investors own 92.68% of the company’s stock.

Analysts Set New Price Targets

EQR has been the topic of several recent research reports. Stifel Nicolaus set a $82.25 target price on Equity Residential in a research report on Tuesday, February 4th. Wells Fargo & Company dropped their target price on Equity Residential from $77.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Truist Financial increased their target price on Equity Residential from $76.00 to $78.00 and gave the company a “buy” rating in a research report on Monday, March 10th. Scotiabank increased 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. Finally, StockNews.com upgraded Equity Residential from a “sell” rating to a “hold” rating in a report on Saturday, February 8th. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $78.51.

Insider Buying and Selling at Equity Residential

In other Equity Residential news, EVP Scott Fenster sold 5,340 shares of Equity Residential stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $72.06, for a total transaction of $384,800.40. Following the completion of the transaction, the executive vice president now owns 35,507 shares in the company, valued at approximately $2,558,634.42. This trade represents a 13.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Michael L. Manelis sold 9,487 shares of Equity Residential stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $72.07, for a total value of $683,728.09. Following the transaction, the chief operating officer now owns 26,781 shares of the company’s stock, 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. In the last quarter, insiders sold 19,763 shares of company stock worth $1,424,217. Insiders own 1.00% of the company’s stock.

Equity Residential Stock Performance

Shares of EQR stock opened at $70.17 on Friday. The firm has a market capitalization of $26.64 billion, a price-to-earnings ratio of 25.80, a price-to-earnings-growth ratio of 3.99 and a beta of 0.91. 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 business has a fifty day moving average of $70.74 and a 200 day moving average of $72.69. Equity Residential has a 1 year low of $59.48 and a 1 year high of $78.84.

Equity Residential Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.6925 per share. This represents a $2.77 dividend on an annualized basis and a dividend yield of 3.95%. This is a positive change from Equity Residential’s previous quarterly dividend of $0.68. Equity Residential’s dividend payout ratio (DPR) is presently 99.26%.

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.