Candriam Luxembourg S.C.A. cut its position in shares of Equity Residential (NYSE:EQR) by 61.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,974 shares of the real estate investment trust’s stock after selling 48,450 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Equity Residential were worth $1,976,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Forsta AP Fonden increased its position in shares of Equity Residential by 33.7% during the third quarter. Forsta AP Fonden now owns 147,700 shares of the real estate investment trust’s stock valued at $9,738,000 after purchasing an additional 37,200 shares during the period. Janus Henderson Group PLC increased its position in shares of Equity Residential by 157.8% during the second quarter. Janus Henderson Group PLC now owns 677,944 shares of the real estate investment trust’s stock valued at $44,632,000 after purchasing an additional 414,959 shares during the period. Aperio Group LLC increased its position in shares of Equity Residential by 17.8% during the second quarter. Aperio Group LLC now owns 164,732 shares of the real estate investment trust’s stock valued at $10,844,000 after purchasing an additional 24,926 shares during the period. Virginia Retirement Systems ET AL increased its position in shares of Equity Residential by 7.9% during the second quarter. Virginia Retirement Systems ET AL now owns 343,887 shares of the real estate investment trust’s stock valued at $22,638,000 after purchasing an additional 25,300 shares during the period. Finally, Honeywell International Inc. increased its position in shares of Equity Residential by 27.8% during the third quarter. Honeywell International Inc. now owns 92,269 shares of the real estate investment trust’s stock valued at $6,083,000 after purchasing an additional 20,043 shares during the period. Institutional investors and hedge funds own 92.07% of the company’s stock.

In other news, EVP Bruce C. Strohm sold 25,000 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $68.00, for a total transaction of $1,700,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Alan W. George sold 84,326 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $69.47, for a total value of $5,858,127.22. The disclosure for this sale can be found here. Insiders have sold 561,749 shares of company stock worth $38,514,201 in the last ninety days. 3.79% of the stock is currently owned by insiders.

A number of analysts have recently issued reports on the company. BidaskClub upgraded Equity Residential from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Jefferies Group LLC reiterated a “hold” rating and issued a $65.00 price target on shares of Equity Residential in a research report on Sunday, September 10th. Royal Bank Of Canada reiterated a “hold” rating on shares of Equity Residential in a research report on Monday, July 31st. Deutsche Bank AG upped their price target on Equity Residential from $67.00 to $69.00 and gave the company a “hold” rating in a research report on Friday, August 18th. Finally, TheStreet upgraded Equity Residential from a “c+” rating to a “b” rating in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $69.40.

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Shares of Equity Residential (NYSE EQR) opened at $68.32 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 0.24. The company has a market capitalization of $25,440.00, a price-to-earnings ratio of 22.57, a PEG ratio of 3.54 and a beta of 0.37. Equity Residential has a 1-year low of $58.28 and a 1-year high of $70.46.

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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