Equity Residential (NYSE:EQR).
Lasalle Investment Management Securities LLC sold 1,492,762 shares last quarter decreasing its exposure to Equity Residential by 15.1%. Its stake stood at $553,564,000 a decrease of 15.0% as of the end of the quarter.
These firms have modified their investment in EQR. As of the end of the quarter Commonwealth Of Pennsylvania Public School Empls Retrmt SYS had bought a total of 2,595 shares growing its holdings by 9.5%. The value of the investment in EQR increased from $1,796,000 to $1,969,000 a change of 9.6% quarter over quarter. As of quarter end Tredje Ap-fonden had disposed of 1,496 shares trimming its stake by 3.4%. The value of the investment in (EQR) went from $2,958,000 to $2,863,000 a change of $95,000 since the last quarter.
As of the end of the quarter Raymond James & Associates had bought 3,103 shares growing its position 3.8%. The value of the investment in Equity Residential increased from $5,343,000 to $5,555,000 increasing 4.0% quarter to quarter.
Stifel Nicolaus lowered the price target on October 27 cutting the projection from $71.00 to $68.00 and stated a “Hold” rating.
On October 24 analysts at SunTrust Banks released a research note on EQR and giving a rating of “Buy” and setting a price target of $71.00. October 20 investment analysts at Royal Bank Of Canada kept the stock rating at “Hold” targeting a price of $70.00.
On September 10 Jefferies Group LLC maintained a company rating of “Hold” projecting a price of $65.00. On September 6 BMO Capital Markets kept the company rating at “Hold” with a current price target of $68.00.
The company is trading down by 1.03% percent from yesterday’s close. The P/E ratio is 23.91 and market capitalization is 25.46B. As of the latest earnings report the EPS was $2.90 with 367.48M shares presently outstanding.
Investors are a little more bearish on Equity Residential lately if you consider the increase in short interest. The stock saw a rise in short interest of 1.11% between October 13, 2017 and October 31, 2017. Short shares increased from 9,435,271 to 9,540,167 over that timeframe. The days to cover decreased to 6.0 and the short interest percentage is 0.03% as of October 31.