Teachers Advisors LLC cut its position in shares of Equity Residential (NYSE:EQR) by 3.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,703,971 shares of the real estate investment trust’s stock after selling 54,710 shares during the period. Teachers Advisors LLC owned 0.46% of Equity Residential worth $112,172,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Anchor Capital Advisors LLC increased its stake in shares of Equity Residential by 1.4% during the 1st quarter. Anchor Capital Advisors LLC now owns 3,625 shares of the real estate investment trust’s stock worth $226,000 after purchasing an additional 50 shares during the last quarter. Cleararc Capital Inc. increased its stake in shares of Equity Residential by 1.1% during the 1st quarter. Cleararc Capital Inc. now owns 8,993 shares of the real estate investment trust’s stock worth $560,000 after purchasing an additional 100 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of Equity Residential by 0.4% during the 1st quarter. Oppenheimer & Co. Inc. now owns 27,252 shares of the real estate investment trust’s stock worth $1,695,000 after purchasing an additional 120 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of Equity Residential by 0.8% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 20,850 shares of the real estate investment trust’s stock worth $1,297,000 after purchasing an additional 160 shares during the last quarter. Finally, Denver Investment Advisors LLC increased its stake in shares of Equity Residential by 0.6% during the 1st quarter. Denver Investment Advisors LLC now owns 25,972 shares of the real estate investment trust’s stock worth $1,616,000 after purchasing an additional 167 shares during the last quarter. Institutional investors own 91.11% of the company’s stock.

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In other news, insider Michael L. Manelis sold 433 shares of Equity Residential stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $67.03, for a total value of $29,023.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Bruce C. Strohm sold 10,000 shares of Equity Residential stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $68.50, for a total transaction of $685,000.00. The disclosure for this sale can be found here. Insiders sold 173,622 shares of company stock valued at $11,816,599 in the last quarter. Corporate insiders own 3.79% of the company’s stock.

Equity Residential (EQR) traded down 0.27% during mid-day trading on Wednesday, reaching $67.43. 182,429 shares of the company’s stock were exchanged. The company has a 50-day moving average of $67.50 and a 200-day moving average of $65.46. The stock has a market cap of $24.77 billion, a price-to-earnings ratio of 30.17 and a beta of 0.36. Equity Residential has a 52-week low of $58.28 and a 52-week high of $68.83.

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

Several research analysts have recently weighed in on the stock. Jefferies Group LLC restated a “hold” rating and set a $65.00 price objective on shares of Equity Residential in a research note on Sunday. BMO Capital Markets reaffirmed a “hold” rating and set a $68.00 target price on shares of Equity Residential in a report on Wednesday, September 6th. Stifel Nicolaus began coverage on shares of Equity Residential in a report on Friday, September 1st. They set a “hold” rating and a $71.00 target price for the company. Deutsche Bank AG lifted their target price on shares of Equity Residential from $67.00 to $69.00 and gave the stock a “hold” rating in a report on Friday, August 18th. Finally, BidaskClub raised shares of Equity Residential from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $68.21.

Equity Residential 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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