Vinva Investment Management Ltd Has $678,000 Position in Equity Residential (NYSE:EQR)

Vinva Investment Management Ltd reduced its holdings in Equity Residential (NYSE:EQR) by 82.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 9,529 shares of the real estate investment trust’s stock after selling 44,646 shares during the quarter. Vinva Investment Management Ltd’s holdings in Equity Residential were worth $678,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EQR. State Street Corp increased its stake in shares of Equity Residential by 1.4% during the 3rd quarter. State Street Corp now owns 23,922,127 shares of the real estate investment trust’s stock worth $1,796,976,000 after purchasing an additional 321,002 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Equity Residential by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 9,353,944 shares of the real estate investment trust’s stock worth $694,441,000 after purchasing an additional 132,638 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Equity Residential by 2.0% during the 4th quarter. Principal Financial Group Inc. now owns 7,897,863 shares of the real estate investment trust’s stock worth $566,749,000 after purchasing an additional 152,248 shares during the last quarter. FMR LLC increased its stake in shares of Equity Residential by 29.0% during the 3rd quarter. FMR LLC now owns 7,746,494 shares of the real estate investment trust’s stock worth $576,804,000 after purchasing an additional 1,741,840 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Equity Residential by 806.4% during 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 worth $317,136,000 after purchasing an additional 3,789,234 shares during the last quarter. 92.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of Equity Residential from $77.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Scotiabank boosted their price objective on shares of Equity Residential from $78.00 to $79.00 and gave the stock a “sector perform” rating in a research note on Friday, February 14th. Barclays lowered their price objective on shares of Equity Residential from $83.00 to $79.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Evercore ISI upped 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, Truist Financial upped their price target on shares of Equity Residential from $76.00 to $78.00 and gave the company a “buy” rating in a research note on Monday, March 10th. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $78.51.

Equity Residential Stock Performance

NYSE EQR opened at $69.85 on Friday. 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 company has a market capitalization of $26.52 billion, a P/E ratio of 25.68, a P/E/G 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. The firm has a 50-day moving average price of $70.79 and a two-hundred day moving average price of $72.66.

Equity Residential Increases Dividend

The company 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 3.97%. The ex-dividend date is Monday, March 31st. This is an increase from Equity Residential’s previous quarterly dividend of $0.68. Equity Residential’s dividend payout ratio is 99.26%.

Insider Transactions at Equity Residential

In other news, CAO Ian Kaufman sold 642 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $72.06, for a total transaction of $46,262.52. Following the completion of the sale, the chief accounting officer now owns 25,539 shares of the company’s stock, valued at approximately $1,840,340.34. This represents a 2.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Michael L. Manelis sold 9,487 shares of the company’s 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 sale, the chief operating officer now directly owns 26,781 shares of the company’s stock, valued at approximately $1,930,106.67. This trade represents a 26.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,763 shares of company stock valued at $1,424,217. Company insiders own 1.00% of the company’s stock.

Equity Residential 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.