Today: 159,376 Shares of Equity Residential (EQR) are sold by UBS Asset Management Americas Inc.

Today: 159,376 Shares of Equity Residential (EQR) are sold by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. decreased its position in shares of Equity Residential (NYSE:EQR) by 8.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,651,441 shares of the real estate investment trust’s stock after selling 159,376 shares during the period. UBS Asset Management Americas Inc. owned about 0.45% of Equity Residential worth $106,237,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Cornerstone Advisors Inc. increased its stake in shares of Equity Residential by 22.7% in the third quarter. Cornerstone Advisors Inc. now owns 1,604 shares of the real estate investment trust’s stock worth $103,000 after buying an additional 297 shares during the last quarter. Assetmark Inc. acquired a new stake in shares of Equity Residential during the second quarter worth about $146,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Equity Residential during the second quarter worth about $165,000. Invictus RG acquired a new stake in shares of Equity Residential during the second quarter worth about $224,000. Finally, Lebenthal Holdings LLC increased its stake in shares of Equity Residential by 3.3% in the second quarter. Lebenthal Holdings LLC now owns 3,312 shares of the real estate investment trust’s stock worth $228,000 after buying an additional 107 shares during the last quarter. 94.53% of the stock is owned by hedge funds and other institutional investors.

Shares of Equity Residential (NYSE:EQR) traded up 0.74% during trading on Monday, reaching $59.87. 920,410 shares of the company traded hands. The stock has a market capitalization of $21.89 billion, a PE ratio of 5.22 and a beta of 0.37. The firm has a 50 day moving average of $60.61 and a 200 day moving average of $65.11. Equity Residential has a 52 week low of $58.28 and a 52 week high of $82.39.

Equity Residential (NYSE:EQR) last announced its earnings results on Tuesday, October 25th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by $0.01. Equity Residential had a net margin of 167.17% and a return on equity of 39.22%. The company earned $606.07 million during the quarter, compared to analyst estimates of $602.10 million. During the same quarter last year, the business earned $0.89 EPS. The firm’s revenue for the quarter was down 13.0% compared to the same quarter last year. On average, equities analysts predict that Equity Residential will post $3.08 EPS for the current year.

A number of equities research analysts have recently issued reports on the stock. Citigroup Inc. downgraded shares of Equity Residential from a “market perform” rating to an “underperform” rating in a research report on Wednesday, August 3rd. SunTrust Banks Inc. lowered their target price on shares of Equity Residential from $75.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, August 4th. Mizuho upgraded shares of Equity Residential from an “underperform” rating to a “neutral” rating and set a $62.00 target price on the stock in a research note on Monday, October 31st. Jefferies Group restated a “hold” rating on shares of Equity Residential in a research note on Wednesday, August 10th. Finally, Raymond James Financial Inc. cut shares of Equity Residential from a “market perform” rating to an “underperform” rating in a research note on Wednesday, August 3rd. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $68.83.

Equity Residential Company Profile

Equity Residential is a real estate investment trust. The Company is focused on the acquisition, development and management of apartment properties in various markets of the United States. The Company’s segments include Boston, New York, San Francisco, Seattle, Southern California, Washington DC, Non-core – South Florida, Non-core – Denver, and Non-core – other.

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