Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $1.80 Million Position in Equity Residential (NYSE:EQR)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Equity Residential (NYSE:EQR) by 0.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,277 shares of the real estate investment trust’s stock after purchasing an additional 46 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Equity Residential were worth $1,796,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of EQR. Aperio Group LLC grew its position in shares of Equity Residential by 17.8% in the 2nd quarter. Aperio Group LLC now owns 164,732 shares of the real estate investment trust’s stock worth $10,844,000 after buying an additional 24,926 shares during the last quarter. Colony Group LLC boosted its holdings in shares of Equity Residential by 45.0% in the 1st quarter. Colony Group LLC now owns 21,417 shares of the real estate investment trust’s stock valued at $1,333,000 after acquiring an additional 6,646 shares during the last quarter. Virginia Retirement Systems ET AL boosted its holdings in shares of Equity Residential by 7.9% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 343,887 shares of the real estate investment trust’s stock valued at $22,638,000 after acquiring an additional 25,300 shares during the last quarter. Green Street Investors LLC boosted its holdings in shares of Equity Residential by 66.8% in the 1st quarter. Green Street Investors LLC now owns 211,300 shares of the real estate investment trust’s stock valued at $13,147,000 after acquiring an additional 84,600 shares during the last quarter. Finally, Land & Buildings Investment Management LLC acquired a new position in shares of Equity Residential in the 1st quarter valued at $15,692,000. Institutional investors and hedge funds own 91.11% of the company’s stock.

EQR has been the subject of several analyst reports. BidaskClub cut shares of Equity Residential from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. Stifel Nicolaus initiated coverage on shares of Equity Residential in a research report on Friday, September 1st. They set a “hold” rating and a $71.00 price objective for the company. Zacks Investment Research upgraded shares of Equity Residential from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research report on Tuesday, July 18th. Jefferies Group LLC reiterated a “hold” rating and issued a $67.00 target price on shares of Equity Residential in a research report on Monday, July 17th. Finally, Bank of America Corporation upgraded shares of Equity Residential from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. Equity Residential currently has an average rating of “Hold” and an average price target of $68.21.

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In other news, CEO David J. Neithercut sold 75,000 shares of Equity Residential stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $68.10, for a total value of $5,107,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David S. Santee sold 10,967 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $67.93, for a total value of $744,988.31. The disclosure for this sale can be found here. In the last quarter, insiders sold 173,622 shares of company stock valued at $11,816,599. Corporate insiders own 3.79% of the company’s stock.

Shares of Equity Residential (NYSE:EQR) traded up 0.01% during mid-day trading on Friday, reaching $67.40. 743,492 shares of the company traded hands. Equity Residential has a 52-week low of $58.28 and a 52-week high of $68.83. The company has a market capitalization of $24.76 billion, a P/E ratio of 30.16 and a beta of 0.36. The firm’s 50 day moving average price is $67.56 and its 200-day moving average price is $65.52.

Equity Residential (NYSE:EQR) last announced its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.77 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.77. The company had revenue of $612.48 million for the quarter, compared to analyst estimates of $609.37 million. Equity Residential had a return on equity of 7.92% and a net margin of 33.99%. Equity Residential’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 EPS. Equities analysts predict that Equity Residential will post $1.48 earnings per share for the current fiscal year.

About Equity Residential

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.

Institutional Ownership by Quarter for Equity Residential (NYSE:EQR)

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