Equity Residential (NYSE:EQR)‘s stock had its “hold” rating restated by research analysts at BMO Capital Markets in a research note issued on Wednesday. They presently have a $68.00 price target on the real estate investment trust’s stock. BMO Capital Markets’ price objective suggests a potential upside of 1.28% from the company’s current price.

Other equities analysts also recently issued reports about the stock. UBS AG downgraded shares of Equity Residential from a “buy” rating to a “neutral” rating and set a $68.00 price target on the stock. in a report on Thursday, July 6th. BidaskClub raised shares of Equity Residential from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Royal Bank Of Canada reissued a “hold” rating on shares of Equity Residential in a report on Monday, July 31st. Jefferies Group LLC reissued a “hold” rating and issued a $67.00 price target on shares of Equity Residential in a report on Monday, July 17th. Finally, Zacks Investment Research raised shares of Equity Residential from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $68.36.

Shares of Equity Residential (NYSE EQR) traded down 0.07% during trading on Wednesday, hitting $67.09. 618,245 shares of the stock traded hands. Equity Residential has a 1-year low of $58.28 and a 1-year high of $68.83. The stock has a market cap of $24.64 billion, a price-to-earnings ratio of 30.02 and a beta of 0.36. The stock has a 50 day moving average price of $67.38 and a 200-day moving average price of $65.32.

Equity Residential (NYSE:EQR) last issued its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.77 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.77. The company had revenue of $612.48 million for the quarter, compared to the consensus estimate of $609.37 million. Equity Residential had a net margin of 33.99% and a return on equity of 7.92%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.76 EPS. Equities analysts forecast that Equity Residential will post $1.48 EPS for the current year.

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In other news, insider Michael L. Manelis sold 433 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $67.03, for a total transaction of $29,023.99. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Bruce C. Strohm sold 25,000 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $68.00, for a total value of $1,700,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 177,650 shares of company stock worth $12,075,262. Company insiders own 3.79% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Toronto Dominion Bank increased its position in shares of Equity Residential by 25.6% during the second quarter. Toronto Dominion Bank now owns 124,375 shares of the real estate investment trust’s stock valued at $8,186,000 after buying an additional 25,330 shares during the period. Dynamic Technology Lab Private Ltd increased its position in shares of Equity Residential by 1.8% in the second quarter. Dynamic Technology Lab Private Ltd now owns 3,558 shares of the real estate investment trust’s stock worth $235,000 after purchasing an additional 64 shares during the last quarter. Gofen & Glossberg LLC IL increased its position in shares of Equity Residential by 2.6% in the second quarter. Gofen & Glossberg LLC IL now owns 39,864 shares of the real estate investment trust’s stock worth $2,624,000 after purchasing an additional 1,005 shares during the last quarter. Koch Industries Inc. increased its position in shares of Equity Residential by 10,279.5% in the second quarter. Koch Industries Inc. now owns 383,938 shares of the real estate investment trust’s stock worth $378,000 after purchasing an additional 380,239 shares during the last quarter. Finally, 1st Global Advisors Inc. increased its position in shares of Equity Residential by 1.6% in the second quarter. 1st Global Advisors Inc. now owns 15,020 shares of the real estate investment trust’s stock worth $989,000 after purchasing an additional 241 shares during the last quarter. Hedge funds and other institutional investors own 91.11% of the company’s stock.

About Equity Residential

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.

Analyst Recommendations for Equity Residential (NYSE:EQR)

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