Duff & Phelps Investment Management Co. cut its position in shares of Equity Residential (NYSE:EQR) by 0.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 925,961 shares of the real estate investment trust’s stock after selling 7,982 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Equity Residential were worth $59,567,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in EQR. Nisa Investment Advisors LLC increased its stake in shares of Equity Residential by 84.6% in the third quarter. Nisa Investment Advisors LLC now owns 149,987 shares of the real estate investment trust’s stock valued at $9,649,000 after buying an additional 68,730 shares during the period. Eagle Asset Management Inc. increased its stake in shares of Equity Residential by 7.5% in the third quarter. Eagle Asset Management Inc. now owns 274,586 shares of the real estate investment trust’s stock valued at $17,664,000 after buying an additional 19,067 shares during the period. Pensionfund Sabic increased its stake in shares of Equity Residential by 21.3% in the third quarter. Pensionfund Sabic now owns 19,953 shares of the real estate investment trust’s stock valued at $1,284,000 after buying an additional 3,500 shares during the period. Pensionfund DSM Netherlands increased its stake in shares of Equity Residential by 18.1% in the third quarter. Pensionfund DSM Netherlands now owns 55,356 shares of the real estate investment trust’s stock valued at $3,561,000 after buying an additional 8,500 shares during the period. Finally, Creative Planning increased its stake in shares of Equity Residential by 56.2% in the third quarter. Creative Planning now owns 3,684 shares of the real estate investment trust’s stock valued at $237,000 after buying an additional 1,325 shares during the period. Institutional investors and hedge funds own 94.53% of the company’s stock.

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

Shares of Equity Residential (NYSE:EQR) traded down 1.17% during trading on Wednesday, hitting $59.78. The stock had a trading volume of 118,593 shares. The company has a market capitalization of $21.86 billion, a price-to-earnings ratio of 5.21 and a beta of 0.37. Equity Residential has a 52 week low of $58.28 and a 52 week high of $82.39. The company’s 50 day moving average price is $60.59 and its 200 day moving average price is $64.96.

Equity Residential (NYSE:EQR) last issued its earnings results on Tuesday, October 25th. The real estate investment trust reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by $0.01. Equity Residential had a net margin of 167.17% and a return on equity of 39.22%. The firm earned $606.07 million during the quarter, compared to the consensus estimate of $602.10 million. During the same period in the previous year, the firm earned $0.89 earnings per share. The business’s quarterly revenue was down 13.0% on a year-over-year basis. Analysts predict that Equity Residential will post $3.08 earnings per share for the current year.

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Several brokerages have issued reports on EQR. Deutsche Bank AG lowered their price target on Equity Residential from $74.00 to $70.00 and set a “hold” rating for the company in a report on Wednesday, August 10th. Jefferies Group restated a “hold” rating on shares of Equity Residential in a report on Wednesday, August 10th. Raymond James Financial Inc. downgraded Equity Residential from a “market perform” rating to an “underperform” rating in a report on Wednesday, August 3rd. Citigroup Inc. downgraded Equity Residential from a “market perform” rating to an “underperform” rating in a report on Wednesday, August 3rd. Finally, Morgan Stanley downgraded Equity Residential from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $76.00 to $60.00 in a report on Wednesday, August 3rd. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $68.83.

About Equity Residential

Equity Residential is a real estate investment trust. The Company is focused on the acquisition, development and management of apartment properties in various markets of the United States. The Company’s segments include Boston, New York, San Francisco, Seattle, Southern California, Washington DC, Non-core – South Florida, Non-core – Denver, and Non-core – other.

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