Achmea Investment Management B.V. Purchases 12,754 Shares of Equity Residential (NYSE:EQR)

Achmea Investment Management B.V. boosted its position in Equity Residential (NYSE:EQR) by 20.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 73,670 shares of the real estate investment trust’s stock after acquiring an additional 12,754 shares during the period. Achmea Investment Management B.V.’s holdings in Equity Residential were worth $5,286,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EQR. Principal Financial Group Inc. boosted its holdings in Equity Residential by 8.3% in the third quarter. Principal Financial Group Inc. now owns 7,745,615 shares of the real estate investment trust’s stock worth $576,737,000 after acquiring an additional 591,866 shares in the last quarter. Assetmark Inc. boosted its holdings in Equity Residential by 2,529.4% in the third quarter. Assetmark Inc. now owns 447 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 430 shares in the last quarter. Atria Investments Inc boosted its holdings in Equity Residential by 28.8% in the third quarter. Atria Investments Inc now owns 28,056 shares of the real estate investment trust’s stock worth $2,089,000 after acquiring an additional 6,280 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Equity Residential by 16.1% in the third quarter. Victory Capital Management Inc. now owns 129,125 shares of the real estate investment trust’s stock worth $9,615,000 after acquiring an additional 17,948 shares in the last quarter. Finally, KBC Group NV boosted its holdings in Equity Residential by 337.4% in the third quarter. KBC Group NV now owns 343,976 shares of the real estate investment trust’s stock worth $25,612,000 after acquiring an additional 265,334 shares in the last quarter. Institutional investors own 92.68% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Ian Kaufman sold 642 shares of the firm’s stock in a transaction on Thursday, February 6th. The stock was 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 directly owns 25,539 shares of the company’s stock, valued at $1,840,340.34. This trade represents a 2.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Scott Fenster sold 5,340 shares of the firm’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $72.06, for a total value of $384,800.40. Following the completion of the transaction, the executive vice president now directly owns 35,507 shares of the company’s stock, valued at $2,558,634.42. The trade was a 13.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,763 shares of company stock valued at $1,424,217 over the last ninety days. 1.00% of the stock is currently owned by insiders.

Equity Residential Stock Performance

NYSE:EQR opened at $68.93 on Friday. 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 simple moving average of $70.56 and a two-hundred day simple moving average of $72.81. Equity Residential has a 1 year low of $59.48 and a 1 year high of $78.84. The company has a market capitalization of $26.17 billion, a P/E ratio of 25.34, a P/E/G ratio of 3.99 and a beta of 0.91.

Analyst Ratings Changes

A number of research analysts have recently weighed in on EQR shares. Scotiabank raised their target price on Equity Residential from $78.00 to $79.00 and gave the company a “sector perform” rating in a report on Friday, February 14th. Evercore ISI raised their target price on Equity Residential from $74.00 to $76.00 and gave the company an “in-line” rating in a report on Monday, February 10th. Truist Financial raised their target price on Equity Residential from $76.00 to $78.00 and gave the company a “buy” rating in a report on Monday, March 10th. Mizuho dropped their target price on Equity Residential from $78.00 to $74.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Finally, StockNews.com upgraded Equity Residential from a “sell” rating to a “hold” rating in a report on Saturday, February 8th. Eleven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $78.51.

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.