California Public Employees Retirement System boosted its holdings in Equity Residential (NYSE:EQR) by 3.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 880,968 shares of the real estate investment trust’s stock after acquiring an additional 25,812 shares during the quarter. California Public Employees Retirement System owned about 0.24% of Equity Residential worth $58,082,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of EQR. Dynamic Technology Lab Private Ltd raised its holdings in Equity Residential by 1.8% during the 2nd 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. raised its holdings in Equity Residential by 4.1% during the 2nd 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. raised its holdings in Equity Residential by 0.6% during the 2nd 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 period. First Allied Advisory Services Inc. raised its holdings in Equity Residential by 5.6% during the 2nd 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 period. Finally, Kemper Corp Master Retirement Trust raised its holdings in Equity Residential by 1.7% during the 2nd quarter. Kemper Corp Master Retirement Trust now owns 13,305 shares of the real estate investment trust’s stock worth $876,000 after buying an additional 225 shares during the period. Hedge funds and other institutional investors own 94.13% of the company’s stock.

Several analysts have issued reports on the company. BidaskClub upgraded Equity Residential from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Deutsche Bank boosted their price objective on Equity Residential from $67.00 to $69.00 and gave the stock a “hold” rating in a report on Friday, August 18th. Zacks Investment Research upgraded Equity Residential from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. BMO Capital Markets restated a “hold” rating and set a $69.00 price objective on shares of Equity Residential in a report on Monday, November 27th. Finally, Stifel Nicolaus cut their price objective on Equity Residential from $71.00 to $68.00 and set a “hold” rating on the stock in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. Equity Residential has a consensus rating of “Hold” and an average target price of $69.47.

In related news, insider Alan W. George sold 84,326 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $69.47, for a total value of $5,858,127.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Samuel Zell sold 91,651 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $67.17, for a total value of $6,156,197.67. The disclosure for this sale can be found here. In the last three months, insiders sold 402,380 shares of company stock valued at $27,663,622. 3.79% of the stock is currently owned by company insiders.

Equity Residential (NYSE EQR) opened at $65.63 on Thursday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 0.24. Equity Residential has a 12 month low of $59.49 and a 12 month high of $70.46. The firm has a market capitalization of $24,364.24, a PE ratio of 21.39, a price-to-earnings-growth ratio of 3.36 and a beta of 0.36.

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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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