Lockheed Martin Investment Management Co. trimmed its position in shares of Equity Residential (NYSE:EQR) by 23.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,480 shares of the real estate investment trust’s stock after selling 23,700 shares during the quarter. Lockheed Martin Investment Management Co.’s holdings in Equity Residential were worth $5,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of EQR. Bessemer Group Inc. boosted its holdings in Equity Residential by 124.6% during the 2nd quarter. Bessemer Group Inc. now owns 1,572 shares of the real estate investment trust’s stock worth $103,000 after acquiring an additional 872 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in Equity Residential by 4.1% during the 2nd quarter. D.A. Davidson & CO. now owns 1,873 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 73 shares during the last quarter. Sun Life Financial INC boosted its holdings in Equity Residential by 22,450.0% during the 2nd quarter. Sun Life Financial INC now owns 2,706 shares of the real estate investment trust’s stock worth $178,000 after acquiring an additional 2,694 shares during the last quarter. Girard Partners LTD. purchased a new position in Equity Residential during the 2nd quarter worth $209,000. Finally, Prudential PLC purchased a new position in Equity Residential during the 2nd quarter worth $209,000. 92.07% of the stock is currently owned by hedge funds and other institutional investors.

Equity Residential (NYSE:EQR) traded up $0.90 during midday trading on Tuesday, reaching $70.15. 1,377,500 shares of the company’s stock traded hands, compared to its average volume of 1,700,823. The stock has a market capitalization of $25,448.32, a P/E ratio of 22.34, a PEG ratio of 3.50 and a beta of 0.37. Equity Residential has a 1-year low of $58.28 and a 1-year high of $70.46. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 0.24.

A number of research firms have issued reports on EQR. BidaskClub raised shares of Equity Residential from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Jefferies Group LLC reissued a “hold” rating and issued a $65.00 price target on shares of Equity Residential in a report on Sunday, September 10th. Royal Bank Of Canada reissued a “hold” rating on shares of Equity Residential in a report on Monday, July 31st. Zacks Investment Research raised shares of Equity Residential from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a report on Tuesday, July 18th. Finally, TheStreet raised shares of Equity Residential from a “c+” rating to a “b” rating in a report on Monday, July 31st. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $69.40.

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In other news, Chairman Samuel Zell sold 91,651 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $67.17, for a total transaction of $6,156,197.67. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David J. Neithercut sold 100,000 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $70.17, for a total value of $7,017,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 555,252 shares of company stock worth $38,063,245. Insiders own 3.79% of the company’s stock.

Equity Residential Company 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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