Aviva PLC increased its stake in shares of Equity Residential (NYSE:EQR) by 1.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 225,581 shares of the real estate investment trust’s stock after buying an additional 2,330 shares during the period. Aviva PLC owned 0.06% of Equity Residential worth $14,852,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Bessemer Group Inc. boosted its position in shares of Equity Residential by 124.6% in the second quarter. Bessemer Group Inc. now owns 1,572 shares of the real estate investment trust’s stock worth $103,000 after buying an additional 872 shares in the last quarter. Financial Architects Inc boosted its position in shares of Equity Residential by 5.9% in the first quarter. Financial Architects Inc now owns 1,694 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 94 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Equity Residential during the first quarter worth approximately $218,000. Anchor Capital Advisors LLC boosted its position in shares of Equity Residential by 1.4% in the first quarter. Anchor Capital Advisors LLC now owns 3,625 shares of the real estate investment trust’s stock worth $226,000 after buying an additional 50 shares in the last quarter. Finally, Koch Industries Inc. acquired a new position in shares of Equity Residential during the first quarter worth approximately $230,000. Institutional investors and hedge funds own 91.81% of the company’s stock.

Shares of Equity Residential (EQR) opened at 67.94 on Friday. The stock’s 50 day moving average is $66.98 and its 200 day moving average is $65.00. Equity Residential has a 12-month low of $58.28 and a 12-month high of $68.83. The firm has a market cap of $24.96 billion, a price-to-earnings ratio of 30.40 and a beta of 0.34.

Equity Residential (NYSE:EQR) last issued its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.77 EPS for the quarter, meeting the consensus estimate of $0.77. The company had revenue of $612.48 million during the quarter, compared to analysts’ expectations of $609.37 million. Equity Residential had a net margin of 33.99% and a return on equity of 7.92%. Equity Residential’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.76 earnings per share. Equities analysts expect that Equity Residential will post $1.48 earnings per share for the current year.

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A number of brokerages have commented on EQR. UBS AG cut shares of Equity Residential from a “buy” rating to a “neutral” rating and set a $68.00 price target for the company. in a research note on Thursday, July 6th. BidaskClub cut shares of Equity Residential from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Royal Bank Of Canada restated a “hold” rating on shares of Equity Residential in a research note on Monday, July 31st. Deutsche Bank AG raised their price target on shares of Equity Residential from $67.00 to $69.00 and gave the stock a “hold” rating in a research note on Friday, August 18th. Finally, TheStreet upgraded shares of Equity Residential from a “c+” rating to a “b” rating in a research note on Monday, July 31st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $68.00.

In related news, CEO David J. Neithercut sold 75,000 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $68.10, for a total transaction of $5,107,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alan W. George sold 28,157 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $65.93, for a total transaction of $1,856,391.01. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 207,493 shares of company stock valued at $14,045,003. 3.79% of the stock is owned by corporate insiders.

About Equity Residential

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

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