Ameriprise Financial Inc. cut its holdings in Equity Residential (NYSE:EQR) by 17.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 195,035 shares of the real estate investment trust’s stock after selling 41,685 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.05% of Equity Residential worth $12,875,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in EQR. Bessemer Group Inc. boosted its holdings in Equity Residential by 124.6% in 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 during the last quarter. D.A. Davidson & CO. boosted 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 valued at $123,000 after acquiring an additional 73 shares during the last quarter. Sun Life Financial INC boosted its holdings 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 acquiring an additional 2,694 shares during the last quarter. Prudential PLC bought a new position in Equity Residential in the second quarter valued at about $209,000. Finally, Girard Partners LTD. bought a new position in Equity Residential in the second quarter valued at about $209,000. Institutional investors own 94.13% of the company’s stock.

Equity Residential (NYSE:EQR) opened at $65.66 on Monday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86. Equity Residential has a 1-year low of $59.49 and a 1-year high of $70.46. The stock has a market capitalization of $24,129.07, a PE ratio of 21.18, a price-to-earnings-growth ratio of 3.32 and a beta of 0.36.

In other Equity Residential news, Chairman Samuel Zell sold 91,651 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $67.17, for a total transaction of $6,156,197.67. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Alexander Brackenridge sold 6,497 shares of the firm’s stock in a transaction dated 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. In the last 90 days, insiders have sold 402,380 shares of company stock worth $27,663,622. Company insiders own 3.79% of the company’s stock.

EQR has been the topic of several recent research reports. TheStreet cut Equity Residential from a “b” rating to a “c+” rating in a report on Tuesday, October 24th. Zacks Investment Research cut Equity Residential from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Stifel Nicolaus initiated coverage on Equity Residential in a report on Friday, September 1st. They issued a “hold” rating and a $71.00 price target on the stock. Jefferies Group reiterated a “hold” rating and issued a $65.00 price target on shares of Equity Residential in a report on Sunday, September 10th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $70.00 price target on shares of Equity Residential in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $69.47.

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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.

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

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