Fieldpoint Private Securities LLC Buys New Position in Equity Residential (EQR)

Fieldpoint Private Securities LLC bought a new stake in shares of Equity Residential (NYSE:EQR) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 11,505 shares of the real estate investment trust’s stock, valued at approximately $759,000.

A number of other large investors have also added to or reduced their stakes in the business. Neuberger Berman Group LLC grew its stake in Equity Residential by 15.7% during the 3rd quarter. Neuberger Berman Group LLC now owns 653,203 shares of the real estate investment trust’s stock valued at $43,066,000 after acquiring an additional 88,409 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of Equity Residential by 3.0% in the 3rd quarter. California Public Employees Retirement System now owns 880,968 shares of the real estate investment trust’s stock valued at $58,082,000 after buying an additional 25,812 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Equity Residential by 62.9% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 13,128 shares of the real estate investment trust’s stock valued at $865,000 after buying an additional 5,069 shares in the last quarter. Highbridge Capital Management LLC grew its stake in shares of Equity Residential by 37.2% in the 3rd quarter. Highbridge Capital Management LLC now owns 107,000 shares of the real estate investment trust’s stock valued at $7,055,000 after buying an additional 29,000 shares in the last quarter. Finally, 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. 94.13% of the stock is currently owned by institutional investors.

In other news, insider Alexander Brackenridge sold 6,497 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $69.41, for a total transaction of $450,956.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Samuel Zell sold 91,651 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $67.17, for a total value of $6,156,197.67. The disclosure for this sale can be found here. Insiders have sold 402,380 shares of company stock valued at $27,663,622 in the last ninety days. Company insiders own 3.79% of the company’s stock.

Several equities research analysts recently commented on EQR shares. Stifel Nicolaus started coverage on Equity Residential in a research note on Friday, September 1st. They issued a “hold” rating and a $71.00 price target for the company. Robert W. Baird reissued a “hold” rating and issued a $70.00 price target on shares of Equity Residential in a research note on Friday, November 10th. TheStreet cut Equity Residential from a “b” rating to a “c+” rating in a research note on Tuesday, October 24th. SunTrust Banks set a $71.00 price target on Equity Residential and gave the company a “buy” rating in a research note on Tuesday, October 24th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $68.00 price target on shares of Equity Residential in a research note on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $69.47.

Shares of Equity Residential (NYSE EQR) opened at $66.30 on Wednesday. The stock has a market capitalization of $24,224.60, a P/E ratio of 21.26, a price-to-earnings-growth ratio of 3.34 and a beta of 0.36. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86. Equity Residential has a 12-month low of $59.49 and a 12-month high of $70.46.

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Equity Residential Company 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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