Kemper Corp Master Retirement Trust reduced its stake in Equity Residential (NYSE:EQR) by 7.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,280 shares of the real estate investment trust’s stock after selling 1,025 shares during the quarter. Kemper Corp Master Retirement Trust’s holdings in Equity Residential were worth $810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Highbridge Capital Management LLC raised its stake in Equity Residential by 37.2% in the third quarter. Highbridge Capital Management LLC now owns 107,000 shares of the real estate investment trust’s stock valued at $7,055,000 after purchasing an additional 29,000 shares in the last quarter. Zions Bancorporation raised its stake in shares of Equity Residential by 3,348.4% during the third quarter. Zions Bancorporation now owns 2,138 shares of the real estate investment trust’s stock worth $141,000 after acquiring an additional 2,076 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Equity Residential by 14.2% during the third quarter. Janus Henderson Group PLC now owns 774,093 shares of the real estate investment trust’s stock worth $51,025,000 after acquiring an additional 96,149 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Equity Residential by 224.6% during the third quarter. Jane Street Group LLC now owns 3,776 shares of the real estate investment trust’s stock worth $249,000 after acquiring an additional 6,807 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. raised its stake in shares of Equity Residential by 1.1% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 265,554 shares of the real estate investment trust’s stock worth $17,507,000 after acquiring an additional 2,790 shares in the last quarter. 94.13% of the stock is currently owned by institutional investors and hedge funds.

EQR has been the topic of several research reports. Stifel Nicolaus initiated coverage on shares of Equity Residential in a research note on Friday, September 1st. They set a “hold” rating and a $71.00 price target on the stock. Robert W. Baird reissued a “hold” rating and set a $70.00 price target on shares of Equity Residential in a research note on Friday, November 10th. TheStreet downgraded shares of Equity Residential from a “b” rating to a “c+” rating in a research note on Tuesday, October 24th. SunTrust Banks set a $71.00 price target on shares of Equity Residential and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Finally, BMO Capital Markets reissued a “hold” rating and set a $68.00 price target on shares of Equity Residential in a research note on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $69.47.

In related news, Chairman Samuel Zell sold 91,651 shares of Equity Residential stock in a transaction on Monday, October 30th. The shares were sold at an average price of $67.17, for a total value of $6,156,197.67. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Mark J. Parrell sold 50,000 shares of Equity Residential stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $68.00, for a total transaction of $3,400,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 402,380 shares of company stock worth $27,663,622. 3.79% of the stock is owned by insiders.

Equity Residential (NYSE EQR) opened at $65.81 on Monday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.86. Equity Residential has a one year low of $59.49 and a one year high of $70.46. The company has a market cap of $24,184.17, a price-to-earnings ratio of 21.23, a P/E/G ratio of 3.34 and a beta of 0.36.

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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.

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

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