EQR has been the topic of a number of other reports. Mizuho cut their target price on Equity Residential from $78.00 to $74.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Wells Fargo & Company dropped their price objective on shares of Equity Residential from $77.00 to $75.00 and set an "equal weight" rating on the stock in a research note on Friday, January 24th. Scotiabank decreased their target price on shares of Equity Residential from $81.00 to $78.00 and set a "sector perform" rating for the company in a research report on Thursday, November 14th. Royal Bank of Canada dropped their price target on shares of Equity Residential from $83.00 to $79.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. Finally, Stifel Nicolaus upgraded Equity Residential from a "hold" rating to a "buy" rating and lifted their price target for the company from $77.75 to $81.50 in a research note on Wednesday, November 13th. Eleven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $78.36.

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EQR stock opened at $71.36 on Friday. The stock's 50 day simple moving average is $71.02 and its 200 day simple moving average is $72.70. The company has a market cap of $27.08 billion, a P/E ratio of 29.25, a price-to-earnings-growth ratio of 4.35 and a beta of 0.93. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.13 and a current ratio of 0.13. Equity Residential has a fifty-two week low of $57.33 and a fifty-two week high of $78.83.

In related news, CFO Robert Garechana sold 4,294 shares of Equity Residential stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $72.06, for a total value of $309,425.64. Following the completion of the sale, the chief financial officer now owns 14,108 shares of the company's stock, valued at approximately $1,016,622.48. This trade represents a 23.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Scott Fenster sold 5,340 shares of the company's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $72.06, for a total transaction of $384,800.40. Following the sale, the executive vice president now directly owns 35,507 shares in the company, valued at approximately $2,558,634.42. This trade represents a 13.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,763 shares of company stock valued at $1,424,217. 1.00% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of EQR. State Street Corp boosted its holdings in Equity Residential by 1.4% in the 3rd quarter. State Street Corp now owns 23,922,127 shares of the real estate investment trust's stock worth $1,796,976,000 after buying an additional 321,002 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Equity Residential by 1.4% in the third quarter. Geode Capital Management LLC now owns 9,353,944 shares of the real estate investment trust's stock worth $694,441,000 after acquiring an additional 132,638 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Equity Residential by 2.0% in the fourth quarter. Principal Financial Group Inc. now owns 7,897,863 shares of the real estate investment trust's stock worth $566,749,000 after acquiring an additional 152,248 shares during the period. FMR LLC grew its position in shares of Equity Residential by 29.0% in the third quarter. FMR LLC now owns 7,746,494 shares of the real estate investment trust's stock valued at $576,804,000 after purchasing an additional 1,741,840 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Equity Residential by 806.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,259,145 shares of the real estate investment trust's stock valued at $317,136,000 after purchasing an additional 3,789,234 shares during the period. Hedge funds and other institutional investors own 92.68% of the company's stock.

Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, is focused on the acquisition, development and management of residential properties located in and around dynamic cities that attract affluent long-term renters. Equity Residential owns or has investments in 305 properties consisting of 80,683 apartment units, with an established presence in Boston, New York, Washington, DC, Seattle, San Francisco and Southern California, and an expanding presence in Denver, Atlanta, Dallas/Ft.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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