Dupont Capital Management Corp increased its position in shares of Equity Residential (NYSE:EQR) by 88.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 62,210 shares of the real estate investment trust’s stock after buying an additional 29,203 shares during the period. Dupont Capital Management Corp’s holdings in Equity Residential were worth $4,095,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Anchor Capital Advisors LLC raised its stake in shares of 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 in the last quarter. Delta Asset Management LLC TN raised its stake in shares of Equity Residential by 2.9% in the first quarter. Delta Asset Management LLC TN now owns 2,012 shares of the real estate investment trust’s stock worth $125,000 after buying an additional 57 shares in the last quarter. Financial Architects Inc raised its stake in shares of Equity Residential by 5.9% in the first quarter. Financial Architects Inc now owns 1,694 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 94 shares in the last quarter. Cleararc Capital Inc. raised its stake in shares of Equity Residential by 1.1% in the first quarter. Cleararc Capital Inc. now owns 8,993 shares of the real estate investment trust’s stock worth $560,000 after buying an additional 100 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its stake in shares of Equity Residential by 0.4% in the first quarter. Oppenheimer & Co. Inc. now owns 27,252 shares of the real estate investment trust’s stock worth $1,695,000 after buying an additional 120 shares in the last quarter. 91.81% of the stock is owned by hedge funds and other institutional investors.

Shares of Equity Residential (NYSE EQR) opened at 67.91 on Thursday. Equity Residential has a 52-week low of $58.28 and a 52-week high of $68.83. The stock has a market capitalization of $24.94 billion, a price-to-earnings ratio of 30.38 and a beta of 0.34. The firm’s 50 day moving average is $66.68 and its 200 day moving average is $64.67.

Equity Residential (NYSE:EQR) last announced its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.77 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.77. The firm had revenue of $612.48 million for the quarter, compared to analyst estimates of $609.37 million. Equity Residential had a return on equity of 7.92% and a net margin of 33.99%. Equity Residential’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.76 earnings per share. Equities analysts expect that Equity Residential will post $1.43 earnings per share for the current year.

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A number of brokerages have recently issued reports on EQR. Evercore ISI boosted their target price 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. UBS AG lowered shares of Equity Residential from a “buy” rating to a “neutral” rating and set a $68.00 target price for the company. in a research note on Thursday, July 6th. BidaskClub raised shares of Equity Residential from a “hold” rating to a “buy” rating in a research note on Thursday. Jefferies Group LLC reissued a “hold” rating and set a $67.00 target price on shares of Equity Residential in a research note on Monday, July 17th. Finally, BMO Capital Markets reissued a “hold” rating and set a $66.00 target price on shares of Equity Residential in a research note on Thursday, May 25th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. Equity Residential has a consensus rating of “Hold” and an average price target of $67.92.

In other Equity Residential news, insider David S. Santee sold 10,967 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $67.93, for a total transaction of $744,988.31. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael L. Manelis sold 433 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $67.03, for a total value of $29,023.99. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 59,124 shares of company stock worth $3,945,054. 3.79% of the stock is owned by company insiders.

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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