Skandinaviska Enskilda Banken AB publ Acquires 900 Shares of Equity Residential (NYSE:EQR)

Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Equity Residential (NYSE:EQR) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 142,274 shares of the real estate investment trust’s stock after purchasing an additional 900 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Equity Residential were worth $10,124,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. State Street Corp raised its holdings in Equity Residential by 1.4% in the 3rd quarter. State Street Corp now owns 23,922,127 shares of the real estate investment trust’s stock worth $1,796,976,000 after acquiring an additional 321,002 shares during the period. Geode Capital Management LLC raised its holdings in Equity Residential by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 9,353,944 shares of the real estate investment trust’s stock worth $694,441,000 after acquiring an additional 132,638 shares during the period. Principal Financial Group Inc. raised its holdings in Equity Residential by 2.0% in the 4th quarter. Principal Financial Group Inc. now owns 7,897,863 shares of the real estate investment trust’s stock worth $566,749,000 after acquiring an additional 152,248 shares during the period. FMR LLC raised its holdings in Equity Residential by 29.0% in the 3rd quarter. FMR LLC now owns 7,746,494 shares of the real estate investment trust’s stock worth $576,804,000 after acquiring an additional 1,741,840 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Equity Residential by 806.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,259,145 shares of the real estate investment trust’s stock worth $317,136,000 after acquiring an additional 3,789,234 shares during the period. Institutional investors own 92.68% of the company’s stock.

Insider Activity at Equity Residential

In related news, CFO Robert Garechana sold 4,294 shares of Equity Residential stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $72.06, for a total transaction of $309,425.64. Following the completion of the transaction, the chief financial officer now directly owns 14,108 shares of the company’s stock, valued at $1,016,622.48. This trade represents a 23.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Ian Kaufman sold 642 shares of Equity Residential stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $72.06, for a total transaction of $46,262.52. Following the transaction, the chief accounting officer now directly owns 25,539 shares of the company’s stock, 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. Insiders sold 19,763 shares of company stock valued at $1,424,217 in the last ninety days. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

EQR has been the topic of several recent analyst reports. StockNews.com upgraded shares of Equity Residential from a “sell” rating to a “hold” rating in a report on Saturday, February 8th. Truist Financial lifted their target price on shares of Equity Residential from $76.00 to $78.00 and gave the stock a “buy” rating in a report on Monday, March 10th. Stifel Nicolaus set a $82.25 price target on shares of Equity Residential in a research report on Tuesday, February 4th. Evercore ISI raised their price target on shares of Equity Residential from $74.00 to $76.00 and gave the stock an “in-line” rating in a research report on Monday, February 10th. Finally, Wells Fargo & Company decreased their price target on shares of 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. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $78.51.

Equity Residential Price Performance

Shares of Equity Residential stock opened at $68.93 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.36 and a current ratio of 0.36. The firm’s 50-day simple moving average is $70.56 and its 200-day simple moving average is $72.81. Equity Residential has a twelve month low of $59.48 and a twelve month high of $78.84. The firm has a market cap of $26.17 billion, a P/E ratio of 25.34, a price-to-earnings-growth ratio of 3.99 and a beta of 0.91.

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.