Pictet Asset Management Holding SA Reduces Stock Position in Equity Residential $EQR

Pictet Asset Management Holding SA significantly reduced its stake in Equity Residential by 47.9% during the fourth quarter, selling over 420,000 shares. This move leaves them owning 0.12% of the company’s stock, valued at approximately $28.82 million. Other institutional investors, however, increased their positions, while analyst ratings remain mixed with a consensus “Hold” but a potential merger with AvalonBay offering positive sentiment.

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