Accident Compensation Corp purchased a new stake in Equity Residential (NYSE:EQR) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 6,500 shares of the real estate investment trust’s stock, valued at approximately $415,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Amica Retiree Medical Trust bought a new stake in shares of Equity Residential in the 3rd quarter valued at approximately $135,000. Zions Bancorporation grew its stake in shares of Equity Residential by 3,348.4% in the 3rd quarter. Zions Bancorporation now owns 2,138 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 2,076 shares in the last quarter. Americafirst Capital Management LLC bought a new stake in shares of Equity Residential in the 3rd quarter valued at approximately $171,000. Eqis Capital Management Inc. bought a new stake in shares of Equity Residential in the 3rd quarter valued at approximately $216,000. Finally, Dynamic Technology Lab Private Ltd grew its stake in shares of Equity Residential by 1.8% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 3,558 shares of the real estate investment trust’s stock valued at $235,000 after buying an additional 64 shares in the last quarter. 93.55% of the stock is owned by institutional investors and hedge funds.

In other news, COO David S. Santee sold 5,589 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $58.18, for a total transaction of $325,168.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ian Kaufman sold 684 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $58.18, for a total value of $39,795.12. The disclosure for this sale can be found here. Insiders have sold 14,077 shares of company stock valued at $819,000 in the last ninety days. Company insiders own 3.79% of the company’s stock.

Several brokerages recently commented on EQR. Mizuho set a $67.00 price target on Equity Residential and gave the company a “buy” rating in a research note on Friday. Cantor Fitzgerald set a $66.00 price target on Equity Residential and gave the company a “hold” rating in a research note on Monday, February 5th. Jefferies Group reissued a “hold” rating and issued a $62.00 price target on shares of Equity Residential in a research note on Monday, February 5th. Stifel Nicolaus lowered their price target on Equity Residential from $64.00 to $60.00 and set a “hold” rating for the company in a research note on Thursday, February 1st. Finally, SunTrust Banks set a $69.00 price target on Equity Residential and gave the company a “buy” rating in a research note on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $67.87.

Shares of Equity Residential (NYSE EQR) opened at $56.61 on Tuesday. The stock has a market capitalization of $20,800.00, a P/E ratio of 36.06, a price-to-earnings-growth ratio of 2.77 and a beta of 0.34. The company has a current ratio of 0.29, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86. Equity Residential has a 12-month low of $54.97 and a 12-month high of $70.46.

Equity Residential (NYSE:EQR) last announced its earnings results on Tuesday, January 30th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.47). The company had revenue of $630.50 million for the quarter, compared to the consensus estimate of $625.83 million. Equity Residential had a return on equity of 5.76% and a net margin of 24.39%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.79 EPS. equities analysts forecast 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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