MEAG MUNICH ERGO AssetManagement GmbH boosted its stake in Equity Residential (NYSE:EQR) by 3.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 389,259 shares of the real estate investment trust’s stock after purchasing an additional 14,600 shares during the quarter. Equity Residential comprises 12.2% of MEAG MUNICH ERGO AssetManagement GmbH’s portfolio, making the stock its largest position. MEAG MUNICH ERGO AssetManagement GmbH owned about 0.11% of Equity Residential worth $25,664,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd grew its stake in Equity Residential by 1.8% during the second quarter. Dynamic Technology Lab Private Ltd now owns 3,558 shares of the real estate investment trust’s stock worth $235,000 after buying an additional 64 shares during the period. D.A. Davidson & CO. grew its stake in Equity Residential by 4.1% during the second quarter. D.A. Davidson & CO. now owns 1,873 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 73 shares during the period. Suntrust Banks Inc. lifted its position in shares of Equity Residential by 0.6% during the second quarter. Suntrust Banks Inc. now owns 17,043 shares of the real estate investment trust’s stock worth $1,121,000 after purchasing an additional 108 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Equity Residential by 0.4% during the second quarter. CIBC Asset Management Inc now owns 39,453 shares of the real estate investment trust’s stock worth $2,597,000 after purchasing an additional 168 shares in the last quarter. Finally, First Allied Advisory Services Inc. lifted its position in shares of Equity Residential by 5.6% during the second quarter. First Allied Advisory Services Inc. now owns 3,629 shares of the real estate investment trust’s stock worth $236,000 after purchasing an additional 191 shares in the last quarter. Hedge funds and other institutional investors own 92.07% of the company’s stock.

Equity Residential (NYSE EQR) traded down $0.63 during trading on Monday, hitting $69.25. 1,410,900 shares of the stock traded hands, compared to its average volume of 1,702,306. The company has a market capitalization of $25,448.32, a price-to-earnings ratio of 22.34, a P/E/G ratio of 3.50 and a beta of 0.37. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.86. Equity Residential has a fifty-two week low of $58.28 and a fifty-two week high of $70.46.

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In related news, CEO David J. Neithercut sold 100,000 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $70.17, for a total value of $7,017,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David J. Neithercut sold 75,000 shares of the stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $68.10, for a total transaction of $5,107,500.00. The disclosure for this sale can be found here. Insiders have sold 555,252 shares of company stock valued at $38,063,245 in the last 90 days. Insiders own 3.79% of the company’s stock.

Several analysts recently issued reports on the stock. BidaskClub cut shares of Equity Residential from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Deutsche Bank AG upped their price target on shares of Equity Residential from $67.00 to $69.00 and gave the company a “hold” rating in a report on Friday, August 18th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Equity Residential in a report on Monday, July 31st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $67.00 price target on shares of Equity Residential in a report on Monday, July 17th. Finally, Zacks Investment Research raised shares of Equity Residential from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. Equity Residential currently has an average rating of “Hold” and an average target price of $69.40.

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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