Equity Residential (EQR) Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC boosted its holdings in shares of Equity Residential (NYSE:EQR) by 14.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 774,093 shares of the real estate investment trust’s stock after purchasing an additional 96,149 shares during the period. Janus Henderson Group PLC owned about 0.21% of Equity Residential worth $51,025,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Forsta AP Fonden grew its holdings in shares of Equity Residential by 33.7% during the 3rd quarter. Forsta AP Fonden now owns 147,700 shares of the real estate investment trust’s stock worth $9,738,000 after acquiring an additional 37,200 shares during the period. Virginia Retirement Systems ET AL grew its holdings in shares of Equity Residential by 7.9% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 343,887 shares of the real estate investment trust’s stock worth $22,638,000 after acquiring an additional 25,300 shares during the period. Honeywell International Inc. grew its holdings in shares of Equity Residential by 27.8% during the 3rd quarter. Honeywell International Inc. now owns 92,269 shares of the real estate investment trust’s stock worth $6,083,000 after acquiring an additional 20,043 shares during the period. Girard Partners LTD. purchased a new position in shares of Equity Residential during the 2nd quarter worth approximately $209,000. Finally, Global Endowment Management LP purchased a new position in shares of Equity Residential during the 2nd quarter worth approximately $3,046,000. Institutional investors own 94.13% of the company’s stock.

Shares of Equity Residential (EQR) opened at $65.66 on Monday. 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 12-month low of $59.49 and a 12-month high of $70.46. The company has a market capitalization of $24,129.07, a P/E ratio of 21.18, a PEG ratio of 3.32 and a beta of 0.36.

In other news, insider Alexander Brackenridge sold 6,497 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $69.41, for a total value of $450,956.77. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Alan W. George sold 84,326 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $69.47, for a total value of $5,858,127.22. The disclosure for this sale can be found here. Over the last three months, insiders sold 402,380 shares of company stock worth $27,663,622. Insiders own 3.79% of the company’s stock.

A number of research analysts have weighed in on the company. Jefferies Group reiterated a “hold” rating and set a $65.00 target price on shares of Equity Residential in a report on Sunday, September 10th. BMO Capital Markets reiterated a “hold” rating and set a $68.00 target price on shares of Equity Residential in a report on Wednesday, September 6th. SunTrust Banks set a $71.00 target price on Equity Residential and gave the stock a “buy” rating in a report on Tuesday, October 24th. Zacks Investment Research downgraded Equity Residential from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Finally, TheStreet downgraded Equity Residential from a “b” rating to a “c+” rating in a report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $69.47.

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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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