Shares of Equity Residential (NYSE:EQR) have received an average recommendation of “Hold” from the eighteen brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $69.07.

A number of analysts have commented on EQR shares. BidaskClub raised shares of Equity Residential from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Jefferies Group LLC reaffirmed a “hold” rating and set a $65.00 price objective on shares of Equity Residential in a research note on Sunday, September 10th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Equity Residential in a research note on Monday, July 31st. Deutsche Bank AG upped their price objective on shares of Equity Residential from $67.00 to $69.00 and gave the company a “hold” rating in a research note on Friday, August 18th. Finally, TheStreet raised shares of Equity Residential from a “c+” rating to a “b” rating in a research note on Monday, July 31st.

Shares of Equity Residential (NYSE EQR) traded down $0.90 during midday trading on Friday, reaching $68.32. 1,627,703 shares of the company’s stock were exchanged, compared to its average volume of 1,460,908. Equity Residential has a 52 week low of $58.28 and a 52 week high of $70.46. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.86. The firm has a market cap of $25,106.57, a P/E ratio of 22.04, a price-to-earnings-growth ratio of 3.45 and a beta of 0.37.

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In other news, Chairman Samuel Zell sold 91,651 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $67.17, for a total value of $6,156,197.67. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO David J. Neithercut sold 100,000 shares of the company’s 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 disclosure for this sale can be found here. Insiders sold a total of 561,749 shares of company stock worth $38,514,201 in the last quarter. 3.79% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd increased its holdings in Equity Residential by 1.8% in 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 last quarter. D.A. Davidson & CO. increased its holdings in Equity Residential by 4.1% in 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 last quarter. Suntrust Banks Inc. increased its holdings in Equity Residential by 0.6% in the second quarter. Suntrust Banks Inc. now owns 17,043 shares of the real estate investment trust’s stock worth $1,121,000 after buying an additional 108 shares during the last quarter. CIBC Asset Management Inc increased its holdings in Equity Residential by 0.4% in 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 buying an additional 168 shares during the last quarter. Finally, First Allied Advisory Services Inc. increased its holdings in Equity Residential by 5.6% in 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 buying an additional 191 shares during the last quarter. Hedge funds and other institutional investors own 92.07% of the company’s stock.

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.

Analyst Recommendations for Equity Residential (NYSE:EQR)

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