Exencial Wealth Advisors LLC Sells 338 Shares of Equity Residential (NYSE:EQR)

Exencial Wealth Advisors LLC reduced its stake in shares of Equity Residential (NYSE:EQR) by 2.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,131 shares of the real estate investment trust’s stock after selling 338 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in Equity Residential were worth $942,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. grew its stake in shares of Equity Residential by 607.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 361 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 310 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Equity Residential during the third quarter valued at approximately $29,000. Assetmark Inc. grew its stake in shares of Equity Residential by 2,529.4% during the third quarter. Assetmark Inc. now owns 447 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 430 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of Equity Residential during the third quarter valued at approximately $33,000. Finally, Continuum Advisory LLC bought a new position in shares of Equity Residential during the third quarter valued at approximately $40,000. 92.68% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, COO Michael L. Manelis sold 9,487 shares of the stock in a transaction 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 completion of the sale, the chief operating officer now owns 26,781 shares in the company, valued at approximately $1,930,106.67. This represents a 26.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Scott Fenster sold 5,340 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 value of $384,800.40. Following the sale, the executive vice president now owns 35,507 shares of the company’s stock, valued at approximately $2,558,634.42. This represents a 13.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,763 shares of company stock worth $1,424,217 over the last 90 days. Company insiders own 1.00% of the company’s stock.

Equity Residential Stock Up 0.4 %

Equity Residential stock opened at $73.74 on Thursday. The business has a fifty day moving average of $70.74 and a two-hundred day moving average of $72.93. 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 firm has a market cap of $28.00 billion, a P/E ratio of 27.11, a P/E/G ratio of 3.99 and a beta of 0.93. Equity Residential has a twelve month low of $59.48 and a twelve month high of $78.83.

Equity Residential Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd were issued a dividend of $0.675 per share. The ex-dividend date was Thursday, January 2nd. This represents a $2.70 dividend on an annualized basis and a yield of 3.66%. Equity Residential’s dividend payout ratio is currently 99.26%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Evercore ISI upped their target price on Equity Residential from $74.00 to $76.00 and gave the company an “in-line” rating in a research note on Monday, February 10th. Scotiabank upped their target price on Equity Residential from $78.00 to $79.00 and gave the company a “sector perform” rating in a research note on Friday, February 14th. Stifel Nicolaus set a $82.25 target price on Equity Residential in a research note on Tuesday, February 4th. Mizuho lowered their price target on Equity Residential from $78.00 to $74.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Finally, Wells Fargo & Company lowered their price target on Equity Residential from $77.00 to $75.00 and set an “equal weight” rating for the company in a report 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 target price of $78.46.

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.