Skandinaviska Enskilda Banken AB publ Buys 900 Shares of Equity Residential (NYSE:EQR)

Skandinaviska Enskilda Banken AB publ grew its stake in Equity Residential (NYSE:EQR) by 0.6% in the fourth quarter, HoldingsChannel reports. The fund owned 142,274 shares of the real estate investment trust’s stock after acquiring an additional 900 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Equity Residential were worth $10,124,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Achmea Investment Management B.V. raised its stake in shares of Equity Residential by 20.9% in the fourth quarter. Achmea Investment Management B.V. now owns 73,670 shares of the real estate investment trust’s stock worth $5,286,000 after acquiring an additional 12,754 shares during the last quarter. Vestcor Inc raised its stake in shares of Equity Residential by 2.9% in the fourth quarter. Vestcor Inc now owns 116,042 shares of the real estate investment trust’s stock worth $8,327,000 after acquiring an additional 3,224 shares during the last quarter. Avantax Advisory Services Inc. raised its stake in shares of Equity Residential by 1.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 25,842 shares of the real estate investment trust’s stock worth $1,854,000 after acquiring an additional 349 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Equity Residential by 13.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 3,055 shares of the real estate investment trust’s stock worth $219,000 after acquiring an additional 368 shares during the last quarter. Finally, Cascade Financial Partners LLC bought a new position in shares of Equity Residential in the fourth quarter worth about $208,000. 92.68% of the stock is owned by institutional investors.

Insider Activity

In related news, CAO Ian Kaufman sold 642 shares of the stock in a transaction 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 transaction, the chief accounting officer now owns 25,539 shares in the company, valued at approximately $1,840,340.34. This represents a 2.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Robert Garechana sold 4,294 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $72.06, for a total transaction of $309,425.64. Following the transaction, the chief financial officer now owns 14,108 shares of the company’s stock, valued at $1,016,622.48. The trade was a 23.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,763 shares of company stock worth $1,424,217 over the last quarter. 1.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

EQR has been the subject of a number of recent research reports. Truist Financial boosted their price target on shares of Equity Residential from $76.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday, March 10th. Mizuho dropped their price target on shares of Equity Residential from $78.00 to $74.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Wells Fargo & Company dropped their price target on shares of Equity Residential from $77.00 to $75.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. StockNews.com raised shares of Equity Residential from a “sell” rating to a “hold” rating in a research note on Saturday, February 8th. Finally, Barclays dropped their price target on shares of Equity Residential from $83.00 to $79.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Eleven 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.com, Equity Residential currently has a consensus rating of “Hold” and an average price target of $78.51.

Equity Residential Stock Up 1.0 %

Equity Residential stock opened at $68.93 on Friday. The stock has a market capitalization of $26.17 billion, a PE ratio of 25.34, a price-to-earnings-growth ratio of 3.99 and a beta of 0.91. Equity Residential has a twelve month low of $59.48 and a twelve month high of $78.84. 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 50 day moving average of $70.56 and a 200-day moving average of $72.81.

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.