Equity Residential’s (EQR) Hold Rating Reaffirmed at Robert W. Baird

Robert W. Baird reaffirmed their hold rating on shares of Equity Residential (NYSE:EQR) in a research report report published on Friday morning. The brokerage currently has a $70.00 target price on the real estate investment trust’s stock.

Several other brokerages have also issued reports on EQR. Stifel Nicolaus initiated coverage on Equity Residential in a research report on Friday, September 1st. They issued a hold rating and a $71.00 target price for the company. Barclays PLC increased their target price on Equity Residential from $65.00 to $66.00 and gave the stock an equal weight rating in a research report on Tuesday, August 1st. TheStreet lowered Equity Residential from a b rating to a c+ rating in a research report on Tuesday, October 24th. SunTrust Banks, Inc. set a $71.00 target price on Equity Residential and gave the stock a buy rating in a research report on Tuesday, October 24th. Finally, BMO Capital Markets reissued a hold rating and issued a $68.00 target price on shares of Equity Residential in a research report on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $69.40.

Equity Residential (NYSE EQR) opened at $70.15 on Friday. Equity Residential has a 52-week low of $58.28 and a 52-week high of $70.46. The stock has a market capitalization of $25,448.32, a P/E ratio of 22.34, a PEG ratio of 3.50 and a beta of 0.37. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.24 and a quick ratio of 0.24.

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In other Equity Residential news, EVP Bruce C. Strohm sold 22,906 shares of Equity Residential stock in a transaction on Monday, November 6th. The stock was sold at an average price of $69.21, for a total value of $1,585,324.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David J. Neithercut sold 100,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $70.17, for a total value of $7,017,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 555,252 shares of company stock valued at $38,063,245. Corporate insiders own 3.79% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd boosted its stake in shares of Equity Residential by 1.8% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 3,558 shares of the real estate investment trust’s stock worth $235,000 after buying an additional 64 shares during the last quarter. D.A. Davidson & CO. boosted its stake in shares of Equity Residential by 4.1% in the 2nd quarter. D.A. Davidson & CO. now owns 1,873 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 73 shares during the last quarter. Suntrust Banks Inc. boosted its stake in shares of Equity Residential by 0.6% in the 2nd quarter. Suntrust Banks Inc. now owns 17,043 shares of the real estate investment trust’s stock worth $1,121,000 after buying an additional 108 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of Equity Residential by 0.4% in the 2nd quarter. CIBC Asset Management Inc now owns 39,453 shares of the real estate investment trust’s stock worth $2,597,000 after buying an additional 168 shares during the last quarter. Finally, First Allied Advisory Services Inc. boosted its stake in shares of Equity Residential by 5.6% in the 2nd quarter. First Allied Advisory Services Inc. now owns 3,629 shares of the real estate investment trust’s stock worth $236,000 after buying an additional 191 shares during the last quarter. Hedge funds and other institutional investors own 92.07% of the company’s stock.

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.

Analyst Recommendations for Equity Residential (NYSE:EQR)

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