Advisor Group Inc. reduced its position in shares of Equity Residential (NYSE:EQR) by 8.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,802 shares of the real estate investment trust’s stock after selling 1,095 shares during the quarter. Advisor Group Inc.’s holdings in Equity Residential were worth $778,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Forsta AP Fonden increased its position in Equity Residential by 33.7% during the 3rd quarter. Forsta AP Fonden now owns 147,700 shares of the real estate investment trust’s stock valued at $9,738,000 after purchasing an additional 37,200 shares during the period. Janus Henderson Group PLC increased its position in Equity Residential by 157.8% during the 2nd quarter. Janus Henderson Group PLC now owns 677,944 shares of the real estate investment trust’s stock valued at $44,632,000 after purchasing an additional 414,959 shares during the period. Virginia Retirement Systems ET AL increased its position in Equity Residential by 7.9% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 343,887 shares of the real estate investment trust’s stock valued at $22,638,000 after purchasing an additional 25,300 shares during the period. Honeywell International Inc. increased its position in Equity Residential by 27.8% during the 3rd quarter. Honeywell International Inc. now owns 92,269 shares of the real estate investment trust’s stock valued at $6,083,000 after purchasing an additional 20,043 shares during the period. Finally, Girard Partners LTD. purchased a new position in Equity Residential during the 2nd quarter valued at $209,000. Institutional investors own 91.63% of the company’s stock.

A number of research analysts have issued reports on the stock. Robert W. Baird reissued a “hold” rating and set a $70.00 price objective on shares of Equity Residential in a research report on Friday, November 10th. Mizuho raised shares of Equity Residential from a “neutral” rating to a “buy” rating and set a $76.00 price objective on the stock in a research report on Monday, November 6th. Jefferies Group LLC reissued a “hold” rating and set a $65.00 price objective on shares of Equity Residential in a research report on Sunday, September 10th. Barclays PLC boosted their price objective on shares of Equity Residential from $65.00 to $66.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 1st. Finally, BidaskClub raised shares of Equity Residential from a “hold” rating to a “buy” rating in a research report 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 company’s stock. Equity Residential currently has an average rating of “Hold” and a consensus target price of $69.40.

Shares of Equity Residential (EQR) opened at $68.14 on Thursday. Equity Residential has a 1 year low of $58.45 and a 1 year high of $70.46. The company has a market cap of $25,025.71, a PE ratio of 21.97, a P/E/G ratio of 3.44 and a beta of 0.37. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 0.24.

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In related news, Chairman Samuel Zell sold 91,651 shares of the stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $67.17, for a total transaction of $6,156,197.67. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Mark J. Parrell sold 1,600 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $68.01, for a total transaction of $108,816.00. The disclosure for this sale can be found here. Insiders have sold a total of 412,380 shares of company stock worth $28,348,622 over the last three months. 3.79% of the stock is currently owned by insiders.

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.

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

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