Equity Residential Stock as Institutional Investors Enter

April 26, 2018 - By Maria Brooks

Sentiment for Equity Residential (NYSE:EQR)

Equity Residential (NYSE:EQR) institutional sentiment increased to 1.11 in Q4 2017. Its up 0.21, from 0.9 in 2017Q3. The ratio has increased, as 203 investment managers opened new or increased stock positions, while 183 cut down and sold equity positions in Equity Residential. The investment managers in our partner’s database now own: 338.98 million shares, down from 339.97 million shares in 2017Q3. Also, the number of investment managers holding Equity Residential in their top 10 stock positions decreased from 12 to 10 for a decrease of 2. Sold All: 35 Reduced: 148 Increased: 149 New Position: 54.

Equity Residential, a real estate investment trust , engages in the acquisition, development, and management of multifamily properties in the United States. The company has market cap of $23.42 billion. As of December 31, 2007, it owned and invested in 579 properties in 24 states and the District of Columbia consisting of 152,821 units. It has a 37.67 P/E ratio. The firm qualifies as a REIT for federal income tax purposes.

The stock increased 1.67% or $1.01 during the last trading session, reaching $61.32. About 670,673 shares traded. Equity Residential (NYSE:EQR) has declined 4.58% since April 26, 2017 and is downtrending. It has underperformed by 16.13% the S&P500.

Lasalle Investment Management Securities Llc holds 8.14% of its portfolio in Equity Residential for 7.73 million shares. Apg Asset Management Us Inc. owns 15.12 million shares or 7.91% of their US portfolio. Moreover, Adelante Capital Management Llc has 5.64% invested in the company for 1.63 million shares. The Massachusetts-based Aew Capital Management L P has invested 5.32% in the stock. Resolution Capital Ltd, a Australia-based fund reported 1.59 million shares.

Since January 1, 0001, it had 0 buys, and 9 selling transactions for $1.03 million activity.

Equity Residential (NYSE:EQR) Ratings Coverage

Ratings analysis reveals 36% of Equity Residential’s analysts are positive. Out of 11 Wall Street analysts rating Equity Residential, 4 give it “Buy”, 0 “Sell” rating, while 7 recommend “Hold”. The lowest target is $60.0 while the high is $76.0. The stock’s average target of $63.50 is 3.56% above today’s ($61.32) share price. EQR was included in 21 notes of analysts from November 6, 2017. The stock of Equity Residential (NYSE:EQR) has “Hold” rating given on Wednesday, January 31 by Stifel Nicolaus. The firm has “Buy” rating by Edward Jones given on Tuesday, January 16. SunTrust maintained it with “Buy” rating and $66.0 target in Monday, March 19 report. Mizuho maintained it with “Buy” rating and $67.0 target in Friday, February 9 report. Robert W. Baird maintained the stock with “Hold” rating in Friday, March 2 report. The firm has “Buy” rating by Mizuho given on Monday, November 6. Jefferies maintained the shares of EQR in report on Tuesday, January 30 with “Hold” rating. UBS upgraded the shares of EQR in report on Monday, March 19 to “Buy” rating. The firm earned “Hold” rating on Monday, February 5 by Jefferies. The company was maintained on Tuesday, March 20 by Sandler O’Neill.

Equity Residential (NYSE:EQR) Institutional Positions Chart

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