Macquarie Group Ltd. Has $737.17 Million Position in Equity Residential (EQR)

Macquarie Group Ltd. lowered its position in Equity Residential (NYSE:EQR) by 10.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,181,062 shares of the real estate investment trust’s stock after selling 1,309,851 shares during the quarter. Equity Residential makes up about 1.3% of Macquarie Group Ltd.’s holdings, making the stock its 10th biggest holding. Macquarie Group Ltd. owned about 3.04% of Equity Residential worth $737,172,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of EQR. LS Investment Advisors LLC lifted its stake in Equity Residential by 2.6% in the second quarter. LS Investment Advisors LLC now owns 11,176 shares of the real estate investment trust’s stock worth $736,000 after acquiring an additional 279 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Equity Residential by 7.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 94,847 shares of the real estate investment trust’s stock worth $6,230,000 after buying an additional 6,360 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Equity Residential by 0.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 22,800 shares of the real estate investment trust’s stock worth $1,501,000 after buying an additional 200 shares during the last quarter. Aperio Group LLC lifted its position in shares of Equity Residential by 17.8% during the 2nd quarter. Aperio Group LLC now owns 164,732 shares of the real estate investment trust’s stock worth $10,844,000 after buying an additional 24,926 shares during the last quarter. Finally, US Bancorp DE lifted its position in shares of Equity Residential by 22.7% during the 2nd quarter. US Bancorp DE now owns 51,670 shares of the real estate investment trust’s stock worth $3,402,000 after buying an additional 9,556 shares during the last quarter. Institutional investors own 92.07% of the company’s stock.

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Several brokerages have recently weighed in on EQR. Robert W. Baird restated a “hold” rating and set a $70.00 price objective on shares of Equity Residential in a research report on Friday, November 10th. 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. Jefferies Group LLC restated a “hold” rating and set a $65.00 price objective on shares of Equity Residential in a research report on Sunday, September 10th. Barclays PLC boosted their price objective on shares of Equity Residential from $65.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 1st. Finally, BidaskClub upgraded shares of Equity Residential from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. Equity Residential presently has an average rating of “Hold” and a consensus target price of $69.40.

Shares of Equity Residential (NYSE EQR) traded up $0.19 on Friday, reaching $69.22. 1,025,500 shares of the company’s stock traded hands, compared to its average volume of 1,694,139. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.86. The firm has a market cap of $25,367.47, a PE ratio of 22.27, a P/E/G ratio of 3.49 and a beta of 0.37. Equity Residential has a 12 month low of $58.28 and a 12 month high of $70.46.

In other Equity Residential news, CEO David J. Neithercut sold 49,369 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $68.02, for a total transaction of $3,358,079.38. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David J. Neithercut sold 75,000 shares of the business’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $68.10, for a total transaction of $5,107,500.00. The disclosure for this sale can be found here. Insiders sold a total of 561,749 shares of company stock worth $38,514,201 over the last three months. 3.79% of the stock is currently owned by corporate insiders.

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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