The Equity Residential (EQR) Shares Sold by Aberdeen Asset Management PLC UK, Report finds

A number of other institutional investors also recently added to or reduced their stakes in EQR. Forward Management LLC boosted its position in Equity Residential by 13.3% in the second quarter. Forward Management LLC now owns 50,000 shares of the real estate investment trust’s stock valued at $3,444,000 after buying an additional 5,883 shares during the last quarter. Presima Inc. raised its stake in shares of Equity Residential by 2.6% in the second quarter. Presima Inc. now owns 683,600 shares of the real estate investment trust’s stock valued at $47,086,000 after buying an additional 17,000 shares during the period. New Mexico Educational Retirement Board raised its stake in shares of Equity Residential by 2.5% in the second quarter. New Mexico Educational Retirement Board now owns 94,558 shares of the real estate investment trust’s stock valued at $6,513,000 after buying an additional 2,300 shares during the period. KBC Group NV raised its stake in shares of Equity Residential by 255.9% in the second quarter. KBC Group NV now owns 513,535 shares of the real estate investment trust’s stock valued at $35,372,000 after buying an additional 369,241 shares during the period. Finally, World Asset Management Inc raised its stake in shares of Equity Residential by 1.0% in the second quarter. World Asset Management Inc now owns 44,812 shares of the real estate investment trust’s stock valued at $3,087,000 after buying an additional 453 shares during the period. Hedge funds and other institutional investors own 96.62% of the company’s stock.

Aberdeen Asset Management PLC UK decreased its stake in shares of Equity Residential (NYSE:EQR) by 19.5% during the fourth quarter, Holdings Channel reports. The fund owned 246,733 shares of the real estate investment trust’s stock after selling 59,585 shares during the period. Aberdeen Asset Management PLC UK’s holdings in Equity Residential were worth $15,880,000 at the end of the most recent quarter.

Shares of Equity Residential (NYSE:EQR) traded up 0.36% during mid-day trading on Monday, hitting $62.15. 1,510,149 shares of the company were exchanged. The firm has a 50 day moving average of $62.61 and a 200 day moving average of $63.06. Equity Residential has a 12-month low of $58.28 and a 12-month high of $75.49. The company has a market capitalization of $22.74 billion, a price-to-earnings ratio of 5.32 and a beta of 0.32.

Equity Residential (NYSE:EQR) last posted its quarterly earnings results on Tuesday, January 31st. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.39. The firm earned $605.50 million during the quarter, compared to analysts’ expectations of $605.84 million. Equity Residential had a net margin of 176.91% and a return on equity of 40.11%. The firm’s revenue for the quarter was down 13.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.93 earnings per share. Equities research analysts forecast that Equity Residential will post $1.32 earnings per share for the current year.

EQR has been the topic of several analyst reports. Barclays PLC reissued an “equal weight” rating and issued a $61.00 price target (down previously from $66.00) on shares of Equity Residential in a report on Monday, January 23rd. Cantor Fitzgerald reissued a “hold” rating and issued a $64.00 price target on shares of Equity Residential in a report on Wednesday, December 7th. Mizuho raised shares of Equity Residential from an “underperform” rating to a “neutral” rating and set a $62.00 price target on the stock in a report on Monday, October 31st. Zacks Investment Research raised shares of Equity Residential from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a report on Tuesday, October 25th. Finally, Morgan Stanley raised shares of Equity Residential from an “underweight” rating to an “equal weight” rating in a report on Monday, December 12th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company’s stock. Equity Residential has an average rating of “Hold” and an average target price of $68.30.

In other Equity Residential news, insider Michael L. Manelis sold 1,500 shares of the company’s stock in a transaction dated Thursday, February 9th. The shares were sold at an average price of $61.35, for a total transaction of $92,025.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Samuel Zell sold 110,542 shares of the company’s stock in a transaction dated Wednesday, December 14th. The stock was sold at an average price of $62.85, for a total transaction of $6,947,564.70. The disclosure for this sale can be found here. Insiders have sold 145,692 shares of company stock valued at $9,169,476 over the last three months. 3.90% of the stock is currently owned by corporate insiders.

About Equity Residential

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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