Equity Residential (NYSE:EQR) Shares Sold by First Eagle Investment Management LLC

First Eagle Investment Management LLC trimmed its position in Equity Residential (NYSE:EQR) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,246,832 shares of the real estate investment trust’s stock after selling 26,149 shares during the period. Equity Residential makes up approximately 1.5% of First Eagle Investment Management LLC’s holdings, making the stock its 27th biggest holding. First Eagle Investment Management LLC’s holdings in Equity Residential were worth $663,553,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of EQR. State Street Corp lifted its stake in shares of Equity Residential by 1.4% during the third quarter. State Street Corp now owns 23,922,127 shares of the real estate investment trust’s stock worth $1,796,976,000 after buying an additional 321,002 shares during the period. Geode Capital Management LLC lifted its stake in shares of Equity Residential by 1.4% during the third quarter. Geode Capital Management LLC now owns 9,353,944 shares of the real estate investment trust’s stock worth $694,441,000 after buying an additional 132,638 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Equity Residential by 2.0% during the fourth quarter. Principal Financial Group Inc. now owns 7,897,863 shares of the real estate investment trust’s stock worth $566,749,000 after buying an additional 152,248 shares during the period. FMR LLC lifted its stake in shares of Equity Residential by 29.0% during the third quarter. FMR LLC now owns 7,746,494 shares of the real estate investment trust’s stock worth $576,804,000 after buying an additional 1,741,840 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Equity Residential by 806.4% during the third 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 buying an additional 3,789,234 shares during the period. 92.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Equity Residential

In related news, CAO Ian Kaufman sold 642 shares of the company’s 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 completion of the sale, the chief accounting officer now owns 25,539 shares of the company’s stock, valued at approximately $1,840,340.34. This represents a 2.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robert Garechana sold 4,294 shares of the company’s 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 sale, the chief financial officer now directly owns 14,108 shares of the company’s stock, valued at approximately $1,016,622.48. This represents a 23.33 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,763 shares of company stock valued at $1,424,217. Corporate insiders own 1.00% of the company’s stock.

Equity Residential Stock Down 1.1 %

Shares of NYSE EQR opened at $68.20 on Friday. Equity Residential has a 12-month low of $59.48 and a 12-month high of $78.84. The stock has a market cap of $25.90 billion, a PE ratio of 25.08, a P/E/G ratio of 3.99 and a beta of 0.91. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.72. The company has a 50-day moving average of $70.60 and a 200 day moving average of $72.84.

Wall Street Analyst Weigh In

EQR has been the subject of several recent research reports. Truist Financial raised 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. Scotiabank raised their target price on shares of Equity Residential from $78.00 to $79.00 and gave the stock a “sector perform” rating in a report on Friday, February 14th. Mizuho reduced their target price on shares of Equity Residential from $78.00 to $74.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Stifel Nicolaus set a $82.25 target price on shares of Equity Residential in a report on Tuesday, February 4th. Finally, Wells Fargo & Company reduced their target price on shares of 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 research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Equity Residential currently has an average rating of “Hold” and a consensus price target of $78.51.

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.