Equity Residential (NYSE:EQR) insider Alexander Brackenridge sold 6,497 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $69.41, for a total transaction of $450,956.77. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Equity Residential (NYSE EQR) opened at $69.22 on Friday. The company has a market cap of $25,367.47, a PE ratio of 22.27, a price-to-earnings-growth ratio of 3.49 and a beta of 0.37. Equity Residential has a 12-month low of $58.28 and a 12-month high of $70.46. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.24 and a quick ratio of 0.24.

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A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in Equity Residential by 2.3% in the second quarter. BlackRock Inc. now owns 34,594,954 shares of the real estate investment trust’s stock valued at $2,277,386,000 after buying an additional 794,065 shares in the last quarter. APG Asset Management US Inc. boosted its position in Equity Residential by 1.8% in the second quarter. APG Asset Management US Inc. now owns 15,060,400 shares of the real estate investment trust’s stock valued at $991,426,000 after buying an additional 269,599 shares in the last quarter. Cohen & Steers Inc. boosted its position in Equity Residential by 109.4% in the third quarter. Cohen & Steers Inc. now owns 14,548,725 shares of the real estate investment trust’s stock valued at $959,197,000 after buying an additional 7,600,203 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Equity Residential by 113.9% during the third quarter. Daiwa Securities Group Inc. now owns 7,724,194 shares of the real estate investment trust’s stock worth $509,256,000 after purchasing an additional 4,112,438 shares in the last quarter. Finally, PGGM Investments lifted its position in shares of Equity Residential by 1.7% during the third quarter. PGGM Investments now owns 7,272,978 shares of the real estate investment trust’s stock worth $479,507,000 after purchasing an additional 121,040 shares in the last quarter. Hedge funds and other institutional investors own 92.07% of the company’s stock.

EQR has been the topic of several research reports. TheStreet upgraded shares of Equity Residential from a “c+” rating to a “b” rating in a 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. SunTrust Banks, Inc. set a $71.00 target price on shares of Equity Residential and gave the company a “buy” rating in a research report on Tuesday, October 24th. Mizuho upgraded shares of Equity Residential from a “neutral” rating to a “buy” rating and set a $76.00 target price on the stock in a research report on Monday, November 6th. Finally, Barclays PLC lifted 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 analyst has rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $69.40.

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.

Insider Buying and Selling by Quarter for Equity Residential (NYSE:EQR)

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