Aberdeen Asset Management PLC UK lessened its position in Equity Residential (NYSE:EQR) by 31.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 109,616 shares of the real estate investment trust’s stock after selling 50,540 shares during the period. Aberdeen Asset Management PLC UK’s holdings in Equity Residential were worth $7,216,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in EQR. BlackRock Inc. lifted its stake in shares of Equity Residential by 2,486.4% in the 1st quarter. BlackRock Inc. now owns 33,800,889 shares of the real estate investment trust’s stock worth $2,103,090,000 after acquiring an additional 32,494,035 shares during the period. Vanguard Group Inc. lifted its stake in shares of Equity Residential by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 52,348,375 shares of the real estate investment trust’s stock worth $3,257,116,000 after acquiring an additional 1,140,042 shares during the period. Bank of America Corp DE lifted its stake in shares of Equity Residential by 64.5% in the 1st 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 acquiring an additional 957,684 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Equity Residential by 145.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,535,360 shares of the real estate investment trust’s stock worth $101,073,000 after acquiring an additional 909,629 shares during the period. Finally, Resolution Capital Ltd lifted its stake in shares of Equity Residential by 636.0% in the 2nd quarter. Resolution Capital Ltd now owns 1,036,264 shares of the real estate investment trust’s stock worth $68,217,000 after acquiring an additional 895,464 shares during the period. Institutional investors own 91.11% of the company’s stock.

In other Equity Residential news, EVP Bruce C. Strohm sold 25,000 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $68.00, for a total value of $1,700,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David S. Santee sold 10,967 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $67.93, for a total transaction of $744,988.31. The disclosure for this sale can be found here. Insiders sold a total of 173,622 shares of company stock valued at $11,816,599 over the last three months. 3.79% of the stock is owned by corporate insiders.

Several analysts recently commented on EQR shares. BMO Capital Markets reiterated a “hold” rating and issued a $66.00 price objective on shares of Equity Residential in a research note on Thursday, May 25th. Jefferies Group LLC reiterated a “hold” rating and issued a $61.00 price objective on shares of Equity Residential in a research note on Tuesday, May 30th. Bank of America Corporation upgraded shares of Equity Residential from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Friday, June 16th. BidaskClub upgraded shares of Equity Residential from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Finally, UBS AG cut shares of Equity Residential from a “buy” rating to a “neutral” rating and set a $68.00 price objective for the company. in a research note on Thursday, July 6th. 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’s stock. The company currently has an average rating of “Hold” and an average target price of $68.21.

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Equity Residential (NYSE:EQR) opened at 67.38 on Friday. The firm’s 50-day moving average is $67.56 and its 200-day moving average is $65.52. Equity Residential has a 12 month low of $58.28 and a 12 month high of $68.83. The firm has a market cap of $24.75 billion, a PE ratio of 30.15 and a beta of 0.36.

Equity Residential (NYSE:EQR) last issued its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.77 earnings per share for the quarter, meeting the Zacks’ consensus estimate 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 the consensus estimate of $609.37 million. During the same period in the prior year, the company earned $0.76 EPS. Equity Residential’s revenue was up 2.9% on a year-over-year basis. Equities analysts expect that Equity Residential will post $1.48 earnings per share for the current year.

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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