Nationwide Fund Advisors decreased its holdings in shares of Equity Residential (NYSE:EQR) by 14.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 103,585 shares of the real estate investment trust’s stock after selling 16,997 shares during the quarter. Nationwide Fund Advisors’ holdings in Equity Residential were worth $6,829,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Bessemer Group Inc. boosted its holdings in shares of Equity Residential by 124.6% during the second quarter. Bessemer Group Inc. now owns 1,572 shares of the real estate investment trust’s stock worth $103,000 after purchasing an additional 872 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in shares of Equity Residential by 4.1% during the second quarter. D.A. Davidson & CO. now owns 1,873 shares of the real estate investment trust’s stock worth $123,000 after purchasing an additional 73 shares during the last quarter. Sun Life Financial INC boosted its holdings in shares of Equity Residential by 22,450.0% during the second quarter. Sun Life Financial INC now owns 2,706 shares of the real estate investment trust’s stock worth $178,000 after purchasing an additional 2,694 shares during the last quarter. Prudential PLC acquired a new stake in shares of Equity Residential during the second quarter worth $209,000. Finally, Girard Partners LTD. acquired a new stake in shares of Equity Residential during the second quarter worth $209,000. Institutional investors and hedge funds own 94.13% of the company’s stock.
Equity Residential (NYSE:EQR) opened at $65.81 on Monday. Equity Residential has a fifty-two week low of $59.49 and a fifty-two week high of $70.46. The firm has a market capitalization of $24,184.17, a price-to-earnings ratio of 21.23, a P/E/G ratio of 3.34 and a beta of 0.36. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.24 and a quick ratio of 0.24.
In other Equity Residential news, Chairman Samuel Zell sold 91,651 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $67.17, for a total value of $6,156,197.67. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mark J. Parrell sold 50,000 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $68.00, for a total value of $3,400,000.00. The disclosure for this sale can be found here. Insiders sold 402,380 shares of company stock worth $27,663,622 in the last quarter. 3.79% of the stock is owned by insiders.
Several research firms have recently issued reports on EQR. BidaskClub upgraded Equity Residential from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. BMO Capital Markets restated a “hold” rating and set a $69.00 price objective on shares of Equity Residential in a report on Monday, November 27th. Deutsche Bank lifted their target price on Equity Residential from $67.00 to $69.00 and gave the company a “hold” rating in a report on Friday, August 18th. Zacks Investment Research upgraded Equity Residential from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Finally, Stifel Nicolaus reduced their target price on Equity Residential from $71.00 to $68.00 and set a “hold” rating on the stock in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $69.47.
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Equity Residential Company 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.
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