Amundi Pioneer Asset Management Inc. Decreases Holdings in Equity Residential (EQR)

Amundi Pioneer Asset Management Inc. decreased its position in Equity Residential (NYSE:EQR) by 1.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 138,100 shares of the real estate investment trust’s stock after selling 1,500 shares during the quarter. Amundi Pioneer Asset Management Inc.’s holdings in Equity Residential were worth $9,105,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EQR. Daiwa Securities Group Inc. increased its holdings in shares of Equity Residential by 113.9% during the third quarter. Daiwa Securities Group Inc. now owns 7,724,194 shares of the real estate investment trust’s stock valued at $509,256,000 after acquiring an additional 4,112,438 shares in the last quarter. FMR LLC increased its holdings in shares of Equity Residential by 16.4% during the second quarter. FMR LLC now owns 6,697,809 shares of the real estate investment trust’s stock valued at $440,917,000 after acquiring an additional 945,524 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Equity Residential by 145.4% during the second quarter. JPMorgan Chase & Co. now owns 1,535,360 shares of the real estate investment trust’s stock valued at $101,073,000 after acquiring an additional 909,629 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Equity Residential by 2.3% during the second quarter. BlackRock Inc. now owns 34,594,954 shares of the real estate investment trust’s stock valued at $2,277,386,000 after acquiring an additional 794,065 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. increased its holdings in shares of Equity Residential by 162.2% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 963,613 shares of the real estate investment trust’s stock valued at $63,531,000 after acquiring an additional 596,149 shares in the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

Several equities analysts have recently weighed in on EQR shares. Stifel Nicolaus started coverage on Equity Residential in a report on Friday, September 1st. They set a “hold” rating and a $71.00 price target for the company. Royal Bank Of Canada restated a “hold” rating and set a $70.00 price target on shares of Equity Residential in a report on Friday, October 20th. Zacks Investment Research upgraded Equity Residential from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Robert W. Baird restated a “hold” rating and set a $70.00 price target on shares of Equity Residential in a report on Friday, November 10th. Finally, TheStreet downgraded Equity Residential from a “b” rating to a “c+” rating in a report on Tuesday, October 24th. One investment 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. Equity Residential has a consensus rating of “Hold” and a consensus price target of $69.47.

Equity Residential (NYSE:EQR) traded up $0.08 during midday trading on Friday, reaching $66.82. The company had a trading volume of 2,518,300 shares, compared to its average volume of 1,697,827. Equity Residential has a 52 week low of $59.11 and a 52 week high of $70.46. The company has a market cap of $24,430.00, a P/E ratio of 21.58, a price-to-earnings-growth ratio of 3.38 and a beta of 0.37. 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 related news, CEO David J. Neithercut sold 100,000 shares of Equity Residential stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $70.17, for a total value of $7,017,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 disclosure for this sale can be found here. Insiders sold a total of 412,380 shares of company stock valued at $28,348,622 over the last quarter. 3.79% of the stock is owned by corporate insiders.

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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.

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

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