Equity Residential (NYSE:EQR)‘s stock had its “hold” rating restated by Robert W. Baird in a research report issued on Friday. They presently have a $70.00 price objective on the real estate investment trust’s stock. Robert W. Baird’s price objective points to a potential upside of 1.08% from the company’s current price.

Several other research firms have also commented on EQR. Mizuho upgraded shares of Equity Residential from a “neutral” rating to a “buy” rating and set a $76.00 price objective for the company in a research note on Monday, November 6th. Jefferies Group LLC restated a “hold” rating and set a $65.00 price target on shares of Equity Residential in a research note on Sunday, September 10th. Barclays PLC raised their price target on shares of Equity Residential from $65.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 1st. BidaskClub upgraded shares of Equity Residential from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Finally, TheStreet upgraded shares of Equity Residential from a “c+” rating to a “b” rating in a research note on Monday, July 31st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $69.40.

Equity Residential (NYSE:EQR) traded down $0.63 during trading hours on Friday, reaching $69.25. 1,410,900 shares of the company’s stock traded hands, compared to its average volume of 1,524,760. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 0.24. The stock has a market cap of $25,448.34, a price-to-earnings ratio of 22.34, a price-to-earnings-growth ratio of 3.50 and a beta of 0.37. Equity Residential has a 52-week low of $58.28 and a 52-week high of $70.46.

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In related news, insider Mark J. Parrell sold 50,000 shares of Equity Residential stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $68.00, for a total value of $3,400,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Alan W. George sold 84,326 shares of Equity Residential stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $69.47, for a total transaction of $5,858,127.22. The disclosure for this sale can be found here. Insiders sold a total of 555,252 shares of company stock valued at $38,063,245 over the last quarter. 3.79% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in the business. Wells Fargo & Company MN boosted its holdings in Equity Residential by 15.4% in the 3rd quarter. Wells Fargo & Company MN now owns 790,718 shares of the real estate investment trust’s stock valued at $52,132,000 after purchasing an additional 105,328 shares during the period. Zeke Capital Advisors LLC boosted its holdings in Equity Residential by 127.0% in the 3rd quarter. Zeke Capital Advisors LLC now owns 7,009 shares of the real estate investment trust’s stock valued at $462,000 after purchasing an additional 3,921 shares during the period. Amalgamated Bank boosted its holdings in Equity Residential by 1.9% in the 3rd quarter. Amalgamated Bank now owns 41,072 shares of the real estate investment trust’s stock valued at $2,708,000 after purchasing an additional 766 shares during the period. Cadence Capital Management LLC boosted its holdings in Equity Residential by 6.2% in the 3rd quarter. Cadence Capital Management LLC now owns 26,311 shares of the real estate investment trust’s stock valued at $1,735,000 after purchasing an additional 1,527 shares during the period. Finally, Schroder Investment Management Group boosted its holdings in Equity Residential by 132.3% in the 3rd quarter. Schroder Investment Management Group now owns 64,373 shares of the real estate investment trust’s stock valued at $4,238,000 after purchasing an additional 36,667 shares during the period. 90.97% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Equity Residential (NYSE:EQR)

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