Girard Partners LTD. acquired a new stake in Equity Residential (NYSE:EQR) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,180 shares of the real estate investment trust’s stock, valued at approximately $209,000.

A number of other large investors also recently modified their holdings of EQR. Bessemer Group Inc. increased its stake in shares of 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 buying an additional 872 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Equity Residential during the first quarter worth $218,000. Anchor Capital Advisors LLC increased its stake in Equity Residential by 1.4% in the first quarter. Anchor Capital Advisors LLC now owns 3,625 shares of the real estate investment trust’s stock worth $226,000 after buying an additional 50 shares during the last quarter. Koch Industries Inc. acquired a new stake in Equity Residential during the first quarter worth $230,000. Finally, Wetherby Asset Management Inc. increased its stake in Equity Residential by 14.7% in the first quarter. Wetherby Asset Management Inc. now owns 3,789 shares of the real estate investment trust’s stock worth $236,000 after buying an additional 487 shares during the last quarter. Hedge funds and other institutional investors own 91.10% of the company’s stock.

Equity Residential (NYSE:EQR) opened at 67.15 on Wednesday. Equity Residential has a 12-month low of $58.28 and a 12-month high of $68.83. The firm has a market cap of $24.67 billion, a price-to-earnings ratio of 30.04 and a beta of 0.34. The company has a 50-day moving average of $66.98 and a 200 day moving average of $65.00.

Equity Residential (NYSE:EQR) last posted its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.77 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.77. The firm had revenue of $612.48 million for the quarter, compared to analysts’ expectations of $609.37 million. Equity Residential had a net margin of 33.99% and a return on equity of 7.92%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 earnings per share. Equities analysts expect that Equity Residential will post $1.48 EPS for the current fiscal year.

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A number of equities research analysts have recently weighed in on EQR shares. Barclays PLC reiterated a “hold” rating and issued a $65.00 price target on shares of Equity Residential in a research report on Tuesday, May 16th. TheStreet downgraded shares of Equity Residential from a “b” rating to a “c+” rating in a research report on Wednesday, May 17th. BMO Capital Markets restated a “hold” rating and set a $66.00 price objective on shares of Equity Residential in a research report on Thursday, May 25th. Jefferies Group LLC restated a “hold” rating and set a $61.00 price objective on shares of Equity Residential in a research report on Tuesday, May 30th. Finally, Bank of America Corporation upgraded shares of Equity Residential from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Friday, June 16th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. Equity Residential presently has an average rating of “Hold” and a consensus target price of $68.00.

In other Equity Residential news, CEO David J. Neithercut sold 49,369 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $68.02, for a total transaction of $3,358,079.38. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO David J. Neithercut sold 75,000 shares of the stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $68.10, for a total transaction of $5,107,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 207,493 shares of company stock worth $14,045,003. Company insiders own 3.79% of the company’s stock.

Equity Residential Company 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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