SG Americas Securities LLC lowered its position in Equity Residential (NYSE:EQR) by 68.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 53,512 shares of the real estate investment trust’s stock after selling 117,227 shares during the period. SG Americas Securities LLC’s holdings in Equity Residential were worth $3,528,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Forsta AP Fonden raised its position in shares of Equity Residential by 33.7% in the 3rd quarter. Forsta AP Fonden now owns 147,700 shares of the real estate investment trust’s stock worth $9,738,000 after acquiring an additional 37,200 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Equity Residential by 157.8% in the 2nd quarter. Janus Henderson Group PLC now owns 677,944 shares of the real estate investment trust’s stock worth $44,632,000 after buying an additional 414,959 shares during the last quarter. Aperio Group LLC grew its stake in shares of Equity Residential by 17.8% in the 2nd quarter. Aperio Group LLC now owns 164,732 shares of the real estate investment trust’s stock worth $10,844,000 after buying an additional 24,926 shares during the last quarter. Virginia Retirement Systems ET AL grew its stake in shares of Equity Residential by 7.9% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 343,887 shares of the real estate investment trust’s stock worth $22,638,000 after buying an additional 25,300 shares during the last quarter. Finally, Honeywell International Inc. grew its stake in shares of Equity Residential by 27.8% in the 3rd quarter. Honeywell International Inc. now owns 92,269 shares of the real estate investment trust’s stock worth $6,083,000 after buying an additional 20,043 shares during the last quarter. 91.63% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently weighed in on the company. Robert W. Baird restated a “hold” rating and issued a $70.00 price target on shares of Equity Residential in a research note on Friday, November 10th. Mizuho upgraded Equity Residential from a “neutral” rating to a “buy” rating and set a $76.00 price target on the stock in a research note on Monday, November 6th. Jefferies Group LLC restated a “hold” rating and issued a $65.00 price target on shares of Equity Residential in a research note on Sunday, September 10th. Barclays PLC upped their price target on Equity Residential from $65.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 1st. Finally, BidaskClub upgraded Equity Residential from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $69.40.

Equity Residential (NYSE EQR) traded down $0.40 during mid-day trading on Tuesday, hitting $67.92. The stock had a trading volume of 1,771,700 shares, compared to its average volume of 1,694,201. The stock has a market cap of $24,920.00, a P/E ratio of 22.04, a P/E/G ratio of 3.45 and a beta of 0.37. Equity Residential has a 52-week low of $58.45 and a 52-week high of $70.46. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86.

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In related news, Chairman Samuel Zell sold 91,651 shares of the firm’s stock in a transaction on 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 legal filing with the SEC, which is available through this link. Also, insider Alexander Brackenridge sold 6,497 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $69.41, for a total value of $450,956.77. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 561,749 shares of company stock worth $38,514,201. Company insiders own 3.79% of the company’s stock.

Equity Residential Profile

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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