Koch Industries Inc. increased its stake in Equity Residential (NYSE:EQR) by 10,279.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 383,938 shares of the real estate investment trust’s stock after buying an additional 380,239 shares during the period. Koch Industries Inc. owned 0.10% of Equity Residential worth $378,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. grew its stake in shares of Equity Residential by 2.3% in the 2nd quarter. BlackRock Inc. now owns 34,594,954 shares of the real estate investment trust’s stock worth $2,277,386,000 after buying an additional 794,065 shares during the last quarter. State Street Corp grew its stake in shares of Equity Residential by 1.3% in the 1st quarter. State Street Corp now owns 21,674,961 shares of the real estate investment trust’s stock worth $1,348,617,000 after buying an additional 286,200 shares during the last quarter. APG Asset Management US Inc. grew its stake in shares of Equity Residential by 1.8% in the 2nd quarter. APG Asset Management US Inc. now owns 15,060,400 shares of the real estate investment trust’s stock worth $991,426,000 after buying an additional 269,599 shares during the last quarter. Macquarie Group Ltd. grew its stake in shares of Equity Residential by 7.3% in the 1st quarter. Macquarie Group Ltd. now owns 12,930,323 shares of the real estate investment trust’s stock worth $804,524,000 after buying an additional 879,622 shares during the last quarter. Finally, PGGM Investments grew its stake in shares of Equity Residential by 9.1% in the 2nd quarter. PGGM Investments now owns 7,151,938 shares of the real estate investment trust’s stock worth $470,812,000 after buying an additional 597,428 shares during the last quarter. Institutional investors own 91.05% of the company’s stock.

Several analysts have commented on the company. BidaskClub upgraded Equity Residential from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. UBS AG downgraded Equity Residential from a “buy” rating to a “neutral” rating and set a $68.00 target price on the stock. in a research note on Thursday, July 6th. Royal Bank Of Canada reiterated a “hold” rating on shares of Equity Residential in a research note on Monday, July 31st. Jefferies Group LLC reiterated a “hold” rating and set a $67.00 target price on shares of Equity Residential in a research note on Monday, July 17th. Finally, Zacks Investment Research upgraded Equity Residential from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a research note on Tuesday, July 18th. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $68.15.

In other news, CEO David J. Neithercut sold 75,000 shares of the business’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $68.10, for a total transaction of $5,107,500.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael L. Manelis sold 433 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $67.03, for a total transaction of $29,023.99. The disclosure for this sale can be found here. Insiders have sold 173,622 shares of company stock worth $11,816,599 over the last three months. Corporate insiders own 3.79% of the company’s stock.

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Equity Residential (EQR) traded down 0.43% during trading on Tuesday, hitting $66.98. The stock had a trading volume of 103,848 shares. Equity Residential has a 52-week low of $58.28 and a 52-week high of $68.83. The firm has a market cap of $24.60 billion, a PE ratio of 29.97 and a beta of 0.37. The company’s 50 day moving average is $66.83 and its 200 day moving average is $66.12.

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, meeting analysts’ consensus estimates 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 net margin of 33.99% and a return on equity of 7.92%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.76 earnings per share. Equities research analysts forecast that Equity Residential will post $1.48 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Monday, September 25th were issued a dividend of $0.5038 per share. This represents a $2.02 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend was Friday, September 22nd. Equity Residential’s dividend payout ratio (DPR) is presently 90.58%.

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.

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

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