Green Street Investors LLC decreased its position in shares of Equity Residential (NYSE:EQR) by 60.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 84,600 shares of the real estate investment trust’s stock after selling 126,700 shares during the period. Equity Residential comprises 3.6% of Green Street Investors LLC’s holdings, making the stock its 12th largest position. Green Street Investors LLC’s holdings in Equity Residential were worth $5,569,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Equity Residential by 2,486.4% in the first quarter. BlackRock Inc. now owns 33,800,889 shares of the real estate investment trust’s stock worth $2,103,090,000 after buying an additional 32,494,035 shares during the period. American Century Companies Inc. raised its stake in Equity Residential by 266.0% in the first quarter. American Century Companies Inc. now owns 1,981,160 shares of the real estate investment trust’s stock worth $123,268,000 after buying an additional 1,439,915 shares in the last quarter. Vanguard Group Inc. raised its stake in Equity Residential by 2.2% in the first quarter. Vanguard Group Inc. now owns 52,348,375 shares of the real estate investment trust’s stock worth $3,257,116,000 after buying an additional 1,140,042 shares in the last quarter. Bank of America Corp DE raised its stake in Equity Residential by 64.5% in the first quarter. Bank of America Corp DE now owns 2,443,018 shares of the real estate investment trust’s stock worth $152,006,000 after buying an additional 957,684 shares in the last quarter. Finally, Resolution Capital Ltd raised its stake in Equity Residential by 636.0% in the second quarter. Resolution Capital Ltd now owns 1,036,264 shares of the real estate investment trust’s stock worth $68,217,000 after buying an additional 895,464 shares in the last quarter. 91.81% of the stock is currently owned by hedge funds and other institutional investors.

Equity Residential (NYSE:EQR) opened at 67.53 on Tuesday. The stock’s 50 day moving average is $66.60 and its 200 day moving average is $64.60. The firm has a market cap of $24.80 billion, a P/E ratio of 30.21 and a beta of 0.34. Equity Residential has a one year low of $58.28 and a one year high of $68.83.

Equity Residential (NYSE:EQR) last released its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.77. Equity Residential had a return on equity of 7.92% and a net margin of 33.99%. The firm had revenue of $612.48 million during the quarter, compared to analyst estimates of $609.37 million. During the same period in the prior year, the company posted $0.76 earnings per share. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities research analysts expect that Equity Residential will post $1.41 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Green Street Investors LLC Sells 126,700 Shares of Equity Residential (EQR)” was originally reported by Watch List News and is the sole property of of Watch List News. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The correct version of this story can be accessed at https://www.watchlistnews.com/green-street-investors-llc-sells-126700-shares-of-equity-residential-eqr/1491505.html.

A number of analysts have recently issued reports on EQR shares. Evercore ISI lifted their price objective on shares of Equity Residential from $62.00 to $63.00 and gave the company an “underperform” rating in a research note on Wednesday, April 19th. Barclays PLC lifted their price objective on shares of Equity Residential from $65.00 to $66.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 1st. BMO Capital Markets reiterated a “hold” rating and set a $66.00 price objective on shares of Equity Residential in a research note on Thursday, May 25th. Zacks Investment Research upgraded shares of Equity Residential from a “sell” rating to a “hold” rating in a research note on Tuesday, April 18th. Finally, BidaskClub lowered shares of Equity Residential from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $67.92.

In other Equity Residential news, insider Michael L. Manelis sold 1,000 shares of the stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $65.63, for a total transaction of $65,630.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Alan W. George sold 28,157 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $65.93, for a total value of $1,856,391.01. The disclosure for this sale can be found here. Insiders have sold 59,124 shares of company stock valued at $3,945,054 over the last quarter. Corporate insiders own 3.79% of the company’s stock.

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.

Want to see what other hedge funds are holding EQR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equity Residential (NYSE:EQR).

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

Receive News & Ratings for Equity Residential Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity Residential and related companies with Analyst Ratings Network's FREE daily email newsletter.