Nisa Investment Advisors LLC increased its stake in shares of Equity Residential (NYSE:EQR) by 84.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 149,987 shares of the real estate investment trust’s stock after buying an additional 68,730 shares during the period. Nisa Investment Advisors LLC’s holdings in Equity Residential were worth $9,649,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Equity Residential by 1.9% in the second quarter. Vanguard Group Inc. now owns 50,973,214 shares of the real estate investment trust’s stock valued at $3,511,034,000 after buying an additional 957,747 shares during the period. Lasalle Investment Management Securities LLC increased its position in Equity Residential by 13.1% in the second quarter. Lasalle Investment Management Securities LLC now owns 13,337,985 shares of the real estate investment trust’s stock valued at $918,720,000 after buying an additional 1,549,887 shares during the period. BlackRock Fund Advisors increased its position in Equity Residential by 4.4% in the second quarter. BlackRock Fund Advisors now owns 11,068,730 shares of the real estate investment trust’s stock valued at $762,414,000 after buying an additional 465,619 shares during the period. Bank of New York Mellon Corp increased its position in Equity Residential by 14.2% in the second quarter. Bank of New York Mellon Corp now owns 6,068,931 shares of the real estate investment trust’s stock valued at $418,029,000 after buying an additional 752,496 shares during the period. Finally, Eaton Vance Management increased its position in Equity Residential by 89.9% in the second quarter. Eaton Vance Management now owns 5,472,278 shares of the real estate investment trust’s stock valued at $376,931,000 after buying an additional 2,590,731 shares during the period. 94.53% of the stock is owned by institutional investors and hedge funds.

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

Equity Residential (NYSE:EQR) traded up 0.93% during trading on Monday, hitting $59.98. 2,216,816 shares of the stock were exchanged. The stock has a market cap of $21.93 billion, a P/E ratio of 5.23 and a beta of 0.37. The stock’s 50 day moving average price is $60.61 and its 200 day moving average price is $65.11. Equity Residential has a 12 month low of $58.28 and a 12 month high of $82.39.

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 return on equity of 39.22% and a net margin of 167.17%. The firm had revenue of $606.07 million for the quarter, compared to analysts’ expectations of $602.10 million. During the same period last year, the firm earned $0.89 earnings per share. Equity Residential’s revenue for the quarter was down 13.0% on a year-over-year basis. Analysts forecast that Equity Residential will post $3.08 EPS for the current fiscal year.

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EQR has been the subject of several research reports. Raymond James Financial Inc. downgraded shares of Equity Residential from a “market perform” rating to an “underperform” rating in a report on Wednesday, August 3rd. Zacks Investment Research upgraded shares of Equity Residential from a “sell” rating to a “hold” rating in a research report on Friday, August 12th. Jefferies Group restated a “hold” rating on shares of Equity Residential in a research report on Wednesday, August 10th. Deutsche Bank AG decreased their target price on shares of Equity Residential from $74.00 to $70.00 and set a “hold” rating on the stock in a research report on Wednesday, August 10th. Finally, Morgan Stanley cut shares of Equity Residential from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $76.00 to $60.00 in a research report on Wednesday, August 3rd. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company. Equity Residential has an average rating of “Hold” and an average price target of $68.83.

Equity Residential Company Profile

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.

5 Day Chart for NYSE:EQR

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