Eii Capital Management Inc. decreased its stake in shares of Equity Residential (NYSE:EQR) by 3.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 193,600 shares of the real estate investment trust’s stock after selling 6,200 shares during the period. Equity Residential accounts for 4.3% of Eii Capital Management Inc.’s portfolio, making the stock its largest position. Eii Capital Management Inc. owned 0.05% of Equity Residential worth $12,745,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. 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 valued at $226,000 after buying an additional 50 shares during the last quarter. Cleararc Capital Inc. boosted its position in shares of Equity Residential by 1.1% in the first quarter. Cleararc Capital Inc. now owns 8,993 shares of the real estate investment trust’s stock valued at $560,000 after buying an additional 100 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Equity Residential by 0.4% in the first quarter. Oppenheimer & Co. Inc. now owns 27,252 shares of the real estate investment trust’s stock valued at $1,695,000 after buying an additional 120 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of Equity Residential by 0.8% in the first quarter. Municipal Employees Retirement System of Michigan now owns 20,850 shares of the real estate investment trust’s stock valued at $1,297,000 after buying an additional 160 shares during the last quarter. Finally, Denver Investment Advisors LLC boosted its position in shares of Equity Residential by 0.6% in the first quarter. Denver Investment Advisors LLC now owns 25,972 shares of the real estate investment trust’s stock valued at $1,616,000 after buying an additional 167 shares during the last quarter. Institutional investors own 91.10% of the company’s stock.

Equity Residential (EQR) opened at 66.75 on Wednesday. The company has a market cap of $24.52 billion, a price-to-earnings ratio of 29.87 and a beta of 0.34. The stock has a 50 day moving average of $66.98 and a 200-day moving average of $65.00. Equity Residential has a 52-week low of $58.28 and a 52-week high of $68.83.

Equity Residential (NYSE:EQR) last released its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.77. Equity Residential had a return on equity of 7.92% and a net margin of 33.99%. The company had revenue of $612.48 million for the quarter, compared to analyst estimates of $609.37 million. During the same period in the previous year, the company posted $0.76 EPS. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, analysts forecast that Equity Residential will post $1.48 EPS for the current year.

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A number of research firms have recently issued reports on EQR. Barclays PLC increased their price target on shares of Equity Residential from $65.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 1st. Bank of America Corporation raised shares of Equity Residential from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Friday, June 16th. BidaskClub lowered shares of Equity Residential from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. Jefferies Group LLC reissued a “hold” rating and issued a $61.00 price target on shares of Equity Residential in a research report on Tuesday, May 30th. Finally, TheStreet lowered shares of Equity Residential from a “b” rating to a “c+” rating in a research report on Wednesday, May 17th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. Equity Residential currently has a consensus 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 dated Thursday, August 24th. The stock was sold at an average price of $68.10, for a total transaction of $5,107,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Alan W. George sold 28,157 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $65.93, for a total value of $1,856,391.01. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 207,493 shares of company stock valued at $14,045,003. 3.79% of the stock is owned by company 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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