Barings LLC Reduces Position in Equity Residential (EQR)

Barings LLC lessened its stake in Equity Residential (NYSE:EQR) by 99.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 4,257 shares of the real estate investment trust’s stock after selling 1,052,644 shares during the period. Barings LLC’s holdings in Equity Residential were worth $281,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Forsta AP Fonden increased its holdings in Equity Residential by 33.7% in the 3rd 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 last quarter. Janus Henderson Group PLC grew its stake in shares of Equity Residential by 157.8% in the second quarter. Janus Henderson Group PLC now owns 677,944 shares of the real estate investment trust’s stock worth $44,632,000 after acquiring an additional 414,959 shares in the last quarter. Virginia Retirement Systems ET AL grew its stake in shares of Equity Residential by 7.9% in the second quarter. Virginia Retirement Systems ET AL now owns 343,887 shares of the real estate investment trust’s stock worth $22,638,000 after acquiring an additional 25,300 shares in the last quarter. Honeywell International Inc. grew its stake in shares of Equity Residential by 27.8% in the third quarter. Honeywell International Inc. now owns 92,269 shares of the real estate investment trust’s stock worth $6,083,000 after acquiring an additional 20,043 shares in the last quarter. Finally, Girard Partners LTD. acquired a new position in shares of Equity Residential in the second quarter worth $209,000. Hedge funds and other institutional investors own 94.13% of the company’s stock.

Several equities analysts have commented on the stock. BMO Capital Markets restated a “hold” rating and issued a $69.00 price target on shares of Equity Residential in a research note on Monday, November 27th. Robert W. Baird restated a “hold” rating and issued a $70.00 price target on shares of Equity Residential in a research note on Friday, November 10th. Mizuho upgraded shares of Equity Residential from a “neutral” rating to a “buy” rating and set a $76.00 price target for the company in a research note on Monday, November 6th. Stifel Nicolaus dropped their price target on shares of Equity Residential from $71.00 to $68.00 and set a “hold” rating for the company in a research note on Friday, October 27th. Finally, TheStreet downgraded shares of Equity Residential from a “b” rating to a “c+” rating in a research note on Tuesday, October 24th. 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’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $69.47.

In other news, CEO David J. Neithercut sold 100,000 shares of Equity Residential stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $70.17, for a total transaction of $7,017,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alan W. George sold 84,326 shares of Equity Residential stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $69.47, for a total transaction of $5,858,127.22. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 412,380 shares of company stock valued at $28,348,622. Corporate insiders own 3.79% of the company’s stock.

Equity Residential (NYSE EQR) traded down $0.11 during trading on Thursday, hitting $65.40. 1,064,800 shares of the stock traded hands, compared to its average volume of 1,690,310. The stock has a market cap of $24,073.93, a PE ratio of 21.13, a P/E/G ratio of 3.32 and a beta of 0.36. Equity Residential has a 1-year low of $59.49 and a 1-year high of $70.46. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86.

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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.

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

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