Equity Residential (NYSE:EQR) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. decreased its position in shares of Equity Residential (NYSE:EQR) by 2.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,349 shares of the real estate investment trust’s stock after selling 520 shares during the period. Securian Asset Management Inc.’s holdings in Equity Residential were worth $1,317,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in EQR. SRS Capital Advisors Inc. increased its position in shares of Equity Residential by 607.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 361 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 310 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Equity Residential in the 3rd quarter worth $29,000. Assetmark Inc. raised its stake in shares of Equity Residential by 2,529.4% in the 3rd quarter. Assetmark Inc. now owns 447 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 430 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of Equity Residential in the 3rd quarter worth $33,000. Finally, Continuum Advisory LLC bought a new stake in shares of Equity Residential in the 3rd quarter worth $40,000. 92.68% of the stock is currently owned by institutional investors and hedge funds.

Equity Residential Stock Performance

Shares of EQR stock opened at $68.93 on Friday. Equity Residential has a 1-year low of $59.48 and a 1-year high of $78.84. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $26.17 billion, a price-to-earnings ratio of 25.34, a P/E/G ratio of 3.99 and a beta of 0.91. The stock’s fifty day simple moving average is $70.56 and its 200-day simple moving average is $72.81.

Insider Activity

In other news, CAO Ian Kaufman sold 642 shares of Equity Residential stock in a transaction on Thursday, February 6th. The stock was 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 approximately $1,840,340.34. The trade was a 2.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Michael L. Manelis sold 9,487 shares of the business’s 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 completion of the transaction, the chief operating officer now owns 26,781 shares in the company, valued at $1,930,106.67. This trade represents a 26.16 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,763 shares of company stock worth $1,424,217. 1.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Mizuho dropped their price objective on Equity Residential from $78.00 to $74.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Evercore ISI boosted their price objective on Equity Residential from $74.00 to $76.00 and gave the stock an “in-line” rating in a research note on Monday, February 10th. Wells Fargo & Company dropped their price objective on 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. StockNews.com raised Equity Residential from a “sell” rating to a “hold” rating in a research note on Saturday, February 8th. Finally, Truist Financial boosted their target price on Equity Residential from $76.00 to $78.00 and gave the stock a “buy” rating in a research report on Monday, March 10th. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Equity Residential has a consensus rating of “Hold” and an average price target of $78.51.

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.