Gulf International Bank UK Ltd Sells 260 Shares of Equity Residential (NYSE:EQR)

Gulf International Bank UK Ltd reduced its stake in Equity Residential (NYSE:EQR) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,119 shares of the real estate investment trust’s stock after selling 260 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Equity Residential were worth $2,017,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Vert Asset Management LLC boosted its position in shares of Equity Residential by 7.5% in the 4th quarter. Vert Asset Management LLC now owns 150,245 shares of the real estate investment trust’s stock worth $10,782,000 after purchasing an additional 10,472 shares in the last quarter. Benjamin Edwards Inc. bought a new stake in shares of Equity Residential in the 3rd quarter worth approximately $923,000. Atomi Financial Group Inc. boosted its position in shares of Equity Residential by 8.3% in the 4th quarter. Atomi Financial Group Inc. now owns 3,707 shares of the real estate investment trust’s stock worth $266,000 after purchasing an additional 284 shares in the last quarter. Tidal Investments LLC boosted its position in shares of Equity Residential by 12.3% in the 3rd quarter. Tidal Investments LLC now owns 129,258 shares of the real estate investment trust’s stock worth $9,625,000 after purchasing an additional 14,109 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Equity Residential by 3.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,008,341 shares of the real estate investment trust’s stock worth $298,461,000 after purchasing an additional 124,795 shares in the last quarter. 92.68% of the stock is owned by institutional investors.

Insider Transactions at Equity Residential

In other news, CAO Ian Kaufman sold 642 shares of the company’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 sale, the chief accounting officer now directly owns 25,539 shares in the company, valued at $1,840,340.34. This represents a 2.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Michael L. Manelis sold 9,487 shares of the company’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $72.07, for a total value of $683,728.09. Following the completion of the sale, the chief operating officer now owns 26,781 shares of the company’s stock, valued at $1,930,106.67. This trade represents a 26.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,763 shares of company stock worth $1,424,217 in the last three months. Corporate insiders own 1.00% of the company’s stock.

Equity Residential Trading Up 0.5 %

NYSE:EQR opened at $74.06 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 firm has a market capitalization of $28.12 billion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 3.99 and a beta of 0.93. Equity Residential has a one year low of $59.19 and a one year high of $78.83. The business has a fifty day moving average price of $70.61 and a 200-day moving average price of $72.86.

Equity Residential Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd were paid a $0.675 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $2.70 annualized dividend and a dividend yield of 3.65%. Equity Residential’s dividend payout ratio (DPR) is 99.26%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. StockNews.com raised Equity Residential from a “sell” rating to a “hold” rating in a research report on Saturday, February 8th. Mizuho lowered their price objective on Equity Residential from $78.00 to $74.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Wells Fargo & Company lowered their price objective on Equity Residential from $77.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Barclays lowered their price objective on Equity Residential from $83.00 to $79.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Finally, Royal Bank of Canada lowered their price objective on Equity Residential from $83.00 to $79.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $78.46.

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.