American Investment Services Inc. Sells 950 Shares of Equity Residential (EQR)

American Investment Services Inc. reduced its holdings in Equity Residential (NYSE:EQR) by 9.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 8,840 shares of the real estate investment trust’s stock after selling 950 shares during the quarter. American Investment Services Inc.’s holdings in Equity Residential were worth $564,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in EQR. Cohen & Steers Inc. increased its position in shares of Equity Residential by 109.4% during the third quarter. Cohen & Steers Inc. now owns 14,548,725 shares of the real estate investment trust’s stock worth $959,197,000 after buying an additional 7,600,203 shares during the period. Daiwa Securities Group Inc. increased 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 buying an additional 4,112,438 shares during the period. JPMorgan Chase & Co. increased its position in shares of Equity Residential by 125.5% during the third quarter. JPMorgan Chase & Co. now owns 3,461,798 shares of the real estate investment trust’s stock worth $227,925,000 after buying an additional 1,926,438 shares during the period. Old Mutual Global Investors UK Ltd. increased its position in shares of Equity Residential by 77.3% during the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 1,708,255 shares of the real estate investment trust’s stock worth $108,935,000 after buying an additional 744,642 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Equity Residential by 130.5% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 882,431 shares of the real estate investment trust’s stock worth $58,179,000 after buying an additional 499,663 shares during the period. Hedge funds and other institutional investors own 93.55% of the company’s stock.

In other Equity Residential news, CFO Mark J. Parrell sold 7,355 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $58.18, for a total value of $427,913.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Ian Kaufman sold 684 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $58.18, for a total transaction of $39,795.12. The disclosure for this sale can be found here. Insiders sold 14,077 shares of company stock worth $819,000 over the last ninety days. Insiders own 3.79% of the company’s stock.

EQR has been the subject of several recent analyst reports. SunTrust Banks set a $69.00 price objective on shares of Equity Residential and gave the stock a “buy” rating in a research report on Monday, January 22nd. Edward Jones upgraded shares of Equity Residential from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th. Mizuho upgraded shares of Equity Residential from a “neutral” rating to a “buy” rating and set a $76.00 price objective for the company in a research report on Monday, November 6th. TheStreet cut shares of Equity Residential from a “b” rating to a “c+” rating in a report on Tuesday, October 24th. Finally, Stifel Nicolaus reduced their price target on shares of Equity Residential from $64.00 to $60.00 and set a “hold” rating for the company in a report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $67.87.

Shares of Equity Residential (NYSE:EQR) opened at $56.67 on Thursday. The company has a quick ratio of 0.24, a current ratio of 0.29 and a debt-to-equity ratio of 0.86. The company has a market cap of $20,973.35, a price-to-earnings ratio of 34.77, a price-to-earnings-growth ratio of 2.78 and a beta of 0.34. Equity Residential has a twelve month low of $54.97 and a twelve month high of $70.46.

Equity Residential (NYSE:EQR) last released its quarterly earnings data on Tuesday, January 30th. The real estate investment trust reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.47). Equity Residential had a net margin of 24.39% and a return on equity of 5.76%. The business had revenue of $630.50 million during the quarter, compared to the consensus estimate of $625.83 million. During the same period last year, the business posted $0.79 earnings per share. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. equities analysts predict that Equity Residential will post 3.23 EPS for the current fiscal year.

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Equity Residential 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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