It’s been a crucial week for Equity Residential (NYSE:EQR); here’s what analysts have to say.

June 19, 2017 - By Henry Gaston

 It's been a crucial week for Equity Residential (NYSE:EQR); here's what analysts have to say.
Investors sentiment increased to 0.87 in Q4 2016. Its up 0.08, from 0.79 in 2016Q3. It improved, as 52 investors sold Equity Residential shares while 169 reduced holdings. 56 funds opened positions while 136 raised stakes. 339.21 million shares or 0.51% less from 340.93 million shares in 2016Q3 were reported.
Teachers Ins Annuity Association Of America holds 0.83% in Equity Residential (NYSE:EQR) or 378,516 shares. Ontario – Canada-based Toronto Dominion Financial Bank has invested 0.01% in Equity Residential (NYSE:EQR). Cwm Llc invested in 0.01% or 3,150 shares. Plante Moran Fin Advsr Ltd Liability Corp owns 100 shares. National Registered Investment Advisor has 0.33% invested in Equity Residential (NYSE:EQR) for 11,400 shares. Parametric Portfolio Assoc Limited Liability holds 563,047 shares or 0.05% of its portfolio. Blackrock Group Inc Ltd invested 0.16% in Equity Residential (NYSE:EQR). Hartford Investment Mngmt owns 88,883 shares. Goodwin Daniel L holds 0.65% of its portfolio in Equity Residential (NYSE:EQR) for 25,264 shares. 2,011 are held by Kelly Lawrence W & Assocs Inc Ca. Savings Bank Of Nova Scotia owns 8,136 shares. Prelude Management Ltd Company, New York-based fund reported 65,060 shares. Apg Asset Mgmt Us stated it has 15.55M shares or 8.33% of all its holdings. 126,700 are held by Green Street Investors Lc. State Teachers Retirement Systems owns 639,522 shares.

Since December 28, 2016, it had 0 buys, and 12 sales for $4.25 million activity. Another trade for 1,433 shares valued at $86,639 was sold by Manelis Michael L. 28,157 shares were sold by GEORGE ALAN W, worth $1.86M on Friday, June 2. Another trade for 5,633 shares valued at $340,572 was sold by Santee David S. $85,914 worth of stock was sold by Kaufman Ian on Tuesday, February 7. STROHM BRUCE C sold $113,341 worth of Equity Residential (NYSE:EQR) on Wednesday, June 7. WHITE B JOSEPH also sold $361,756 worth of Equity Residential (NYSE:EQR) shares. Shares for $21,463 were sold by Sorenson Christa L on Tuesday, February 7.

Equity Residential (NYSE:EQR) Ratings Coverage

Among 20 analysts covering Equity Residential (NYSE:EQR), 4 have Buy rating, 1 Sell and 15 Hold. Therefore 20% are positive. Equity Residential had 46 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Sector Perform” rating by RBC Capital Markets on Monday, February 8. The stock of Equity Residential (NYSE:EQR) earned “Hold” rating by Miller Tabak on Wednesday, September 9. The rating was upgraded by Bank of America to “Buy” on Friday, June 16. Barclays Capital maintained Equity Residential (NYSE:EQR) on Wednesday, August 5 with “Equal Weight” rating. Jefferies maintained Equity Residential (NYSE:EQR) on Tuesday, May 30 with “Hold” rating. The stock of Equity Residential (NYSE:EQR) earned “Hold” rating by BMO Capital Markets on Friday, May 26. The firm has “Neutral” rating by BTIG Research given on Thursday, August 25. On Tuesday, May 24 the stock rating was upgraded by BB&T Capital to “Buy”. SunTrust maintained Equity Residential (NYSE:EQR) rating on Thursday, August 4. SunTrust has “Buy” rating and $71 target. As per Wednesday, June 8, the company rating was downgraded by Jefferies. Below is a list of Equity Residential (NYSE:EQR) latest ratings and price target changes.

16/06/2017 Broker: Bank of America Old Rating: Neutral New Rating: Buy Upgrade
30/05/2017 Broker: Jefferies Rating: Hold New Target: $61.0000 Maintain
26/05/2017 Broker: BMO Capital Markets Rating: Hold New Target: $66.00 Maintain
28/04/2017 Broker: Argus Research Rating: Buy New Target: $75.00 Maintain
10/01/2017 Broker: Janney Capital Old Rating: Buy New Rating: Neutral Downgrade

About 116,822 shares traded. Equity Residential (NYSE:EQR) has risen 2.77% since June 19, 2016 and is uptrending. It has underperformed by 13.93% the S&P500.

Equity Residential is a real estate investment trust. The company has market cap of $25.50 billion. The Company’s primary business is the acquisition, development and management of multifamily residential properties. It has a 21.55 P/E ratio. The Company’s divisions include Boston, New York, Washington D.C., Southern California, San Francisco, Seattle and Other Markets.

More important recent Equity Residential (NYSE:EQR) news were published by: Seekingalpha.com which released: “BAML swaps out Aimco for Equity Residential; Camden Property made a top pick” on June 16, 2017, also Nasdaq.com published article titled: “Equity Residential (EQR) Shares Cross 3% Yield Mark”, Nasdaq.com published: “The Zacks Analyst Blog Highlights: United Technologies, Abbott, Delta Air …” on June 15, 2017. More interesting news about Equity Residential (NYSE:EQR) was released by: Bizjournals.com and their article: “How Equity Residential combined old and new to create 455 Eye Apartments” with publication date: June 06, 2017.

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