Equity Residential (NYSE:EQR) Chairman Samuel Zell sold 91,651 shares of the firm’s stock in a transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

The business also recently declared a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Monday, September 25th were issued a $0.5038 dividend. The ex-dividend date was Friday, September 22nd. This represents a $2.02 annualized dividend and a yield of 3.00%. Equity Residential’s dividend payout ratio is currently 99.02%.

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Several analysts have recently commented on the company. UBS AG cut Equity Residential from a “buy” rating to a “neutral” rating and set a $68.00 target price for the company. in a research report on Thursday, July 6th. TheStreet cut 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. Stifel Nicolaus decreased their target price on Equity Residential from $71.00 to $68.00 and set a “hold” rating for the company in a research report on Friday, October 27th. Finally, BidaskClub cut Equity Residential from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $68.85.

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in Equity Residential by 2.3% in the 2nd quarter. BlackRock Inc. now owns 34,594,954 shares of the real estate investment trust’s stock valued at $2,277,386,000 after acquiring an additional 794,065 shares during the period. APG Asset Management US Inc. raised its holdings in Equity Residential by 1.8% in the 2nd quarter. APG Asset Management US Inc. now owns 15,060,400 shares of the real estate investment trust’s stock valued at $991,426,000 after acquiring an additional 269,599 shares during the period. PGGM Investments raised its holdings in Equity Residential by 1.7% in the 3rd quarter. PGGM Investments now owns 7,272,978 shares of the real estate investment trust’s stock valued at $479,507,000 after acquiring an additional 121,040 shares during the period. FMR LLC raised its holdings in Equity Residential by 16.4% in the 2nd quarter. FMR LLC now owns 6,697,809 shares of the real estate investment trust’s stock valued at $440,917,000 after acquiring an additional 945,524 shares during the period. Finally, Northern Trust Corp raised its holdings in Equity Residential by 0.7% in the 2nd quarter. Northern Trust Corp now owns 6,191,537 shares of the real estate investment trust’s stock valued at $407,588,000 after acquiring an additional 42,971 shares during the period. 90.94% of the stock is currently owned by hedge funds and other institutional investors.

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.

Insider Buying and Selling by Quarter for Equity Residential (NYSE:EQR)

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