Americafirst Capital Management LLC bought a new position in Equity Residential (NYSE:EQR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,587 shares of the real estate investment trust’s stock, valued at approximately $171,000.

Other institutional investors have also recently made changes to their positions in the company. Bessemer Group Inc. increased its holdings in shares of Equity Residential by 124.6% during the second quarter. Bessemer Group Inc. now owns 1,572 shares of the real estate investment trust’s stock valued at $103,000 after acquiring an additional 872 shares in the last quarter. D.A. Davidson & CO. increased its holdings in shares of 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 valued at $123,000 after acquiring an additional 73 shares in the last quarter. Amica Retiree Medical Trust purchased a new stake in Equity Residential in the third quarter valued at approximately $135,000. Zions Bancorporation boosted its position in Equity Residential by 3,348.4% in the third quarter. Zions Bancorporation now owns 2,138 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 2,076 shares during the last quarter. Finally, Sun Life Financial INC boosted its position in Equity Residential by 22,450.0% in the second quarter. Sun Life Financial INC now owns 2,706 shares of the real estate investment trust’s stock valued at $178,000 after buying an additional 2,694 shares during the last quarter. Institutional investors and hedge funds own 94.13% of the company’s stock.

In other Equity Residential news, Chairman Samuel Zell sold 91,651 shares of the company’s stock in a transaction that occurred 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 transaction was disclosed in a document filed 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 that occurred on Wednesday, November 8th. The stock was 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. In the last 90 days, insiders sold 402,380 shares of company stock worth $27,663,622. Insiders own 3.79% of the company’s stock.

A number of equities research analysts recently commented on EQR shares. Mizuho upgraded Equity Residential from a “neutral” rating to a “buy” rating and set a $76.00 target price on the stock in a research report on Monday, November 6th. SunTrust Banks set a $71.00 target price on Equity Residential and gave the company a “buy” rating in a research report on Tuesday, October 24th. BidaskClub upgraded Equity Residential from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. TheStreet lowered Equity Residential from a “b” rating to a “c+” rating in a research report on Tuesday, October 24th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $70.00 target price on shares of Equity Residential in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $69.47.

Shares of Equity Residential (NYSE EQR) opened at $65.40 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.24 and a quick ratio of 0.24. Equity Residential has a 52-week low of $59.49 and a 52-week high of $70.46. The company has a market capitalization of $24,118.03, a P/E ratio of 21.17, a price-to-earnings-growth ratio of 3.32 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.

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

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