Naviter Wealth LLC Purchases 2,205 Shares of Equity Residential (NYSE:EQR)

Naviter Wealth LLC lifted its position in Equity Residential (NYSE:EQR) by 9.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,416 shares of the real estate investment trust’s stock after acquiring an additional 2,205 shares during the quarter. Naviter Wealth LLC’s holdings in Equity Residential were worth $1,752,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Scotiabank lifted their target price on Equity Residential from $78.00 to $79.00 and gave the stock a “sector perform” rating in a research report on Friday, February 14th. Barclays decreased their price objective on shares of Equity Residential from $83.00 to $79.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Stifel Nicolaus set a $82.25 price objective on Equity Residential in a research note on Tuesday, February 4th. StockNews.com upgraded Equity Residential from a “sell” rating to a “hold” rating in a research note on Saturday, February 8th. Finally, Wells Fargo & Company dropped their target price on shares of Equity Residential from $77.00 to $75.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Eleven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $78.46.

Equity Residential Trading Up 0.1 %

Shares of Equity Residential stock opened at $71.97 on Friday. The stock has a market cap of $27.33 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 3.99 and a beta of 0.91. The firm has a fifty day moving average price of $70.74 and a 200 day moving average price of $72.93. Equity Residential has a 1 year low of $59.48 and a 1 year high of $78.83. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.36 and a quick ratio of 0.36.

Equity Residential Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 2nd were given a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend was Thursday, January 2nd. Equity Residential’s dividend payout ratio is currently 99.26%.

Insider Buying and Selling at Equity Residential

In related news, CFO Robert Garechana sold 4,294 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $72.06, for a total value of $309,425.64. Following the completion of the sale, the chief financial officer now owns 14,108 shares of the company’s stock, valued at approximately $1,016,622.48. This trade represents a 23.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $46,262.52. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,763 shares of company stock valued at $1,424,217. 1.00% of the stock is owned by company insiders.

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.