Traders bought shares of Equity Residential (NYSE:EQR) on weakness during trading on Thursday. $52.03 million flowed into the stock on the tick-up and $15.30 million flowed out of the stock on the tick-down, for a money net flow of $36.73 million into the stock. Of all stocks tracked, Equity Residential had the 11th highest net in-flow for the day. Equity Residential traded down ($0.16) for the day and closed at $67.15

EQR has been the topic of a number of recent research reports. Barclays PLC reaffirmed a “hold” rating and set a $65.00 price target on shares of Equity Residential in a research report on Tuesday, May 16th. TheStreet cut Equity Residential from a “b” rating to a “c+” rating in a research report on Wednesday, May 17th. BMO Capital Markets reaffirmed a “hold” rating and set a $66.00 price target on shares of Equity Residential in a research report on Thursday, May 25th. Jefferies Group LLC reaffirmed a “hold” rating and set a $61.00 price target on shares of Equity Residential in a research report on Tuesday, May 30th. Finally, Bank of America Corporation raised Equity Residential from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $68.21.

The firm has a market cap of $24.61 billion, a PE ratio of 29.97 and a beta of 0.36. The firm’s 50 day moving average is $67.31 and its 200-day moving average is $65.21.

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

In other news, CEO David J. Neithercut sold 75,000 shares of the business’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $68.10, for a total value of $5,107,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Bruce C. Strohm sold 1,686 shares of the business’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $67.23, for a total value of $113,349.78. The disclosure for this sale can be found here. Insiders sold 179,336 shares of company stock worth $12,188,612 over the last 90 days. Company insiders own 3.79% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Aperio Group LLC increased its position in shares of Equity Residential by 17.8% in the second quarter. Aperio Group LLC now owns 164,732 shares of the real estate investment trust’s stock valued at $10,844,000 after buying an additional 24,926 shares during the last quarter. Colony Group LLC increased its position in shares of Equity Residential by 45.0% in the first quarter. Colony Group LLC now owns 21,417 shares of the real estate investment trust’s stock valued at $1,333,000 after buying an additional 6,646 shares during the last quarter. Green Street Investors LLC increased its position in shares of Equity Residential by 66.8% in the first quarter. Green Street Investors LLC now owns 211,300 shares of the real estate investment trust’s stock valued at $13,147,000 after buying an additional 84,600 shares during the last quarter. Virginia Retirement Systems ET AL increased its position in shares of Equity Residential by 7.9% in the second quarter. Virginia Retirement Systems ET AL now owns 343,887 shares of the real estate investment trust’s stock valued at $22,638,000 after buying an additional 25,300 shares during the last quarter. Finally, Land & Buildings Investment Management LLC acquired a new position in shares of Equity Residential during the first quarter valued at approximately $15,692,000. Institutional investors and hedge funds own 91.10% of the company’s stock.

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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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