Zions Bancorporation grew its stake in Equity Residential (NYSE:EQR) by 3,348.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 2,138 shares of the real estate investment trust’s stock after acquiring an additional 2,076 shares during the period. Zions Bancorporation’s holdings in Equity Residential were worth $141,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the company. Janus Henderson Group PLC raised its stake in shares of Equity Residential by 14.2% in the 3rd quarter. Janus Henderson Group PLC now owns 774,093 shares of the real estate investment trust’s stock valued at $51,025,000 after acquiring an additional 96,149 shares during the period. Jane Street Group LLC raised its stake in shares of Equity Residential by 224.6% in the 3rd quarter. Jane Street Group LLC now owns 3,776 shares of the real estate investment trust’s stock valued at $249,000 after acquiring an additional 6,807 shares during the period. Cornerstone Capital Management Holdings LLC. raised its stake in shares of Equity Residential by 1.1% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 265,554 shares of the real estate investment trust’s stock valued at $17,507,000 after acquiring an additional 2,790 shares during the period. Chevy Chase Trust Holdings Inc. raised its stake in shares of Equity Residential by 1.3% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 321,828 shares of the real estate investment trust’s stock valued at $21,219,000 after acquiring an additional 4,057 shares during the period. Finally, Cohen & Steers Inc. raised its stake in shares of Equity Residential by 109.4% in the 3rd quarter. Cohen & Steers Inc. now owns 14,548,725 shares of the real estate investment trust’s stock valued at $959,197,000 after acquiring an additional 7,600,203 shares during the period. 94.13% of the stock is currently owned by institutional investors and hedge funds.

Equity Residential (NYSE:EQR) opened at $65.63 on Thursday. 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 twelve month low of $59.49 and a twelve month high of $70.46. The company has a market cap of $24,364.24, a P/E ratio of 21.39, a price-to-earnings-growth ratio of 3.36 and a beta of 0.36.

In other Equity Residential news, insider Alexander Brackenridge sold 6,497 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $69.41, for a total transaction of $450,956.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Samuel Zell sold 91,651 shares of the business’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 transaction of $6,156,197.67. The disclosure for this sale can be found here. Insiders have sold a total of 402,380 shares of company stock valued at $27,663,622 in the last quarter. 3.79% of the stock is currently owned by company insiders.

A number of equities research analysts have recently issued reports on EQR shares. TheStreet downgraded shares of Equity Residential from a “b” rating to a “c+” rating in a research note on Tuesday, October 24th. Zacks Investment Research downgraded shares of Equity Residential from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Stifel Nicolaus began coverage on shares of Equity Residential in a research note on Friday, September 1st. They set a “hold” rating and a $71.00 target price on the stock. Jefferies Group reaffirmed a “hold” rating and set a $65.00 target price on shares of Equity Residential in a research note on Sunday, September 10th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $70.00 target price on shares of Equity Residential in a research note on Friday, October 20th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target 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.

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

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