ETRADE Capital Management LLC Trims Position in Equity Residential (EQR)

ETRADE Capital Management LLC lessened its holdings in Equity Residential (NYSE:EQR) by 5.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,092 shares of the real estate investment trust’s stock after selling 1,931 shares during the period. ETRADE Capital Management LLC’s holdings in Equity Residential were worth $2,050,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. increased its position in Equity Residential by 2.3% in the second quarter. BlackRock Inc. now owns 34,594,954 shares of the real estate investment trust’s stock worth $2,277,386,000 after purchasing an additional 794,065 shares during the last quarter. Daiwa Securities Group Inc. increased its position in Equity Residential by 113.9% in the third quarter. Daiwa Securities Group Inc. now owns 7,724,194 shares of the real estate investment trust’s stock worth $509,256,000 after purchasing an additional 4,112,438 shares during the last quarter. PGGM Investments increased its position in Equity Residential by 1.7% in the third quarter. PGGM Investments now owns 7,272,978 shares of the real estate investment trust’s stock worth $479,507,000 after purchasing an additional 121,040 shares during the last quarter. FMR LLC increased its position in Equity Residential by 16.4% in the second quarter. FMR LLC now owns 6,697,809 shares of the real estate investment trust’s stock worth $440,917,000 after purchasing an additional 945,524 shares during the last quarter. Finally, Northern Trust Corp increased its position in Equity Residential by 0.7% in the second quarter. Northern Trust Corp now owns 6,191,537 shares of the real estate investment trust’s stock worth $407,588,000 after purchasing an additional 42,971 shares during the last quarter. Institutional investors own 91.63% of the company’s stock.

Several brokerages recently weighed in on EQR. BidaskClub cut shares of Equity Residential from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Deutsche Bank AG boosted their price target on shares of Equity Residential from $67.00 to $69.00 and gave the stock a “hold” rating in a research report on Friday, August 18th. Royal Bank Of Canada restated a “hold” rating on shares of Equity Residential in a research report on Monday, July 31st. Jefferies Group LLC restated a “hold” rating and issued a $65.00 price target on shares of Equity Residential in a research report on Sunday, September 10th. Finally, Mizuho upgraded shares of Equity Residential from a “neutral” rating to a “buy” rating and set a $76.00 price objective on the stock in a research report on Monday, November 6th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $69.40.

In other news, insider Alan W. George sold 84,326 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $69.47, for a total transaction of $5,858,127.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark J. Parrell sold 50,000 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $68.00, for a total transaction of $3,400,000.00. The disclosure for this sale can be found here. Insiders have sold 412,380 shares of company stock worth $28,348,622 in the last quarter. Company insiders own 3.79% of the company’s stock.

Equity Residential (NYSE:EQR) traded up $0.07 during mid-day trading on Monday, reaching $68.21. 655,800 shares of the company’s stock were exchanged, compared to its average volume of 1,690,630. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.24 and a quick ratio of 0.24. Equity Residential has a fifty-two week low of $58.94 and a fifty-two week high of $70.46. The company has a market capitalization of $25,070.00, a PE ratio of 22.00, a price-to-earnings-growth ratio of 3.45 and a beta of 0.37.

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Equity Residential Profile

Equity Residential is a real estate investment trust. The Company’s primary business is the acquisition, development and management of multifamily residential properties. Its segments include Boston, New York, Washington DC, Southern California, San Francisco, Seattle and Other Markets. Southern California includes Los Angeles, San Diego and Orange County.

Institutional Ownership by Quarter for Equity Residential (NYSE:EQR)

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