Chicago Equity Partners LLC lowered its holdings in Equity Residential (NYSE:EQR) by 20.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,310 shares of the real estate investment trust’s stock after selling 1,330 shares during the period. Chicago Equity Partners LLC’s holdings in Equity Residential were worth $350,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Anchor Capital Advisors LLC boosted its holdings in Equity Residential by 1.4% in the 1st quarter. Anchor Capital Advisors LLC now owns 3,625 shares of the real estate investment trust’s stock valued at $226,000 after purchasing an additional 50 shares during the period. Cleararc Capital Inc. boosted its holdings in Equity Residential by 1.1% in the 1st quarter. Cleararc Capital Inc. now owns 8,993 shares of the real estate investment trust’s stock valued at $560,000 after purchasing an additional 100 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in Equity Residential by 0.4% in the 1st quarter. Oppenheimer & Co. Inc. now owns 27,252 shares of the real estate investment trust’s stock valued at $1,695,000 after purchasing an additional 120 shares during the period. Municipal Employees Retirement System of Michigan boosted its holdings in Equity Residential by 0.8% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 20,850 shares of the real estate investment trust’s stock valued at $1,297,000 after purchasing an additional 160 shares during the period. Finally, Denver Investment Advisors LLC boosted its holdings in Equity Residential by 0.6% in the 1st quarter. Denver Investment Advisors LLC now owns 25,972 shares of the real estate investment trust’s stock valued at $1,616,000 after purchasing an additional 167 shares during the period. 91.11% of the stock is owned by hedge funds and other institutional investors.

Equity Residential (NYSE EQR) opened at 67.31 on Thursday. The firm has a market capitalization of $24.72 billion, a PE ratio of 30.12 and a beta of 0.36. Equity Residential has a 52-week low of $58.28 and a 52-week high of $68.83. The company’s 50-day moving average is $67.53 and its 200-day moving average is $65.50.

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

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In related news, insider David S. Santee sold 10,967 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $67.93, for a total value of $744,988.31. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Bruce C. Strohm sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were 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 over the last 90 days. 3.79% of the stock is owned by company insiders.

Several equities analysts have recently commented on EQR shares. TheStreet upgraded shares of Equity Residential from a “c+” rating to a “b” rating in a research report on Monday, July 31st. BidaskClub upgraded shares of Equity Residential from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Bank of America Corporation upgraded shares of Equity Residential from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Friday, June 16th. Zacks Investment Research upgraded shares of Equity Residential from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a research report on Tuesday, July 18th. Finally, Barclays PLC boosted their target price on shares of Equity Residential from $65.00 to $66.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average 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.

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

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