Equity Residential $EQR Shares Acquired by Citigroup Inc.

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Citigroup Inc. increased its stake in Equity Residential (NYSE:EQR) by 3.8% in Q3, now holding 504,410 shares valued at $32.65 million. While institutional investors own a significant portion of the stock, company insiders have been net sellers, offloading 10,058 shares worth $655,078 over the last three months. The real estate investment trust recently paid a quarterly dividend of $0.6925, resulting in a 4.4% yield, and analysts currently have a “Hold” rating on the stock with a consensus target price of $69.78.

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