Equity Residential (NYSE:EQR) 2017 Q3 Institutional Investor Sentiment Steady

Jeannie Matthews
January 14, 2018

Shares of Equity Residential (EQR) traded down $0.76 during trading hours on Wednesday, reaching $62.35.

Equity Residential (NYSE:EQR) was downgraded by Zacks Investment Research from a "hold" rating to a "sell" rating in a report released on Tuesday. It has underperformed by 13.93% the S&P500. Hightower Advsrs Limited Liability Company reported 79,819 shares stake. Bluestein R H & Company acquired 35,162 shares as Salesforce.Com Inc (CRM)'s stock rose 7.28%. The Cbre Clarion Securities Llc holds 4.12 million shares with $271.92M value, up from 3.60M last quarter. Sun Life Financial INC now owns 2,706 shares of the real estate investment trust's stock worth $178,000 after purchasing an additional 2,694 shares in the last quarter. The stock has an average rating of "Hold" and an average price target of $69.13. Equity Residential (NYSE:EQR) has risen 2.77% since January 13, 2017 and is uptrending.

Since January 1, 0001, it had 0 insider buys, and 6 insider sales for $8.46 million activity. NEITHERCUT DAVID J had sold 75,000 shares worth $5.11M on Wednesday, August 23. Mizuho upgraded Equity Residential (NYSE:EQR) on Monday, November 6 to "Buy" rating. Robert W. Baird restated a "hold" rating and set a $65.00 target price on shares of Equity Residential in a research report on Tuesday. On average, equities analysts expect that Equity Residential will post $1.31 earnings per share for the current year. EQR's profit will be $308.85M for 18.65 P/E if the $0.81 EPS becomes a reality. After $0.80 actual earnings per share reported by Equity Residential for the previous quarter, Wall Street now forecasts 1.25% EPS growth.

Among 25 analysts covering Pure Storage (NYSE:PSTG), 17 have Buy rating, 0 Sell and 8 Hold. Therefore 21% are positive. Finally, Stifel Nicolaus lowered their target price on Equity Residential from $71.00 to $68.00 and set a "hold" rating for the company in a report on Friday, October 27th. JMP Securities initiated the shares of EQR in report on Tuesday, September 15 with "Market Outperform" rating. The company was maintained on Monday, February 20 by JP Morgan. The stock of Equity Residential (NYSE:EQR) has "Hold" rating given on Wednesday, August 10 by Deutsche Bank. Also, the number of investment managers holding Equity Residential in their top 10 positions increased from 9 to 12 for an increase of 3. Finally, TheStreet downgraded shares of Equity Residential from a "b" rating to a "c+" rating in a research report on Tuesday, October 24th. The stock has "Hold" rating by BMO Capital Markets on Tuesday, October 24. The firm earned "Outperform" rating on Monday, November 2 by Raymond James. The company was maintained on Monday, October 9 by RBC Capital Markets. BMO Capital Markets reiterated a "hold" rating and issued a $69.00 target price on shares of Equity Residential in a report on Monday, November 27th. It also increased its holding in Vanguard Intl Equity Index F (VWO) by 8,461 shares in the quarter, for a total of 152,126 shares, and has risen its stake in Claymore Exchange Trd Fd Tr (TAN).

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Investors sentiment decreased to 0.9 in 2017 Q3. Its down 0.16, from 1.06 in 2017Q2. Sold All: 32 Reduced: 163 Increased: 139 New Position: 36.

Hedge funds have recently added to or reduced their stakes in the business. The investment managers in our partner's database now own: 339.97 million shares, up from 329.35 million shares in 2017Q2. Cubist Systematic Strategies Lc invested in 5,506 shares. Johnson Counsel Incorporated holds 0.02% or 10,830 shares. Keybank National Association Oh invested 0% in Equity Residential (NYSE:EQR). Insiders own 3.79% of the company's stock. Farmers And Merchants Invs invested in 149 shares. Pub Employees Retirement Association Of Colorado accumulated 63,953 shares. The correct version of this piece can be accessed at https://stocknewstimes.com/2018/01/10/equity-residential-eqr-earning-somewhat-positive-news-coverage-accern-reports.html. Davis Selected Advisers has 0.06% invested in Equity Residential (NYSE:EQR). Commonwealth State Bank Of Australia reported 6,991 shares stake.

Among 33 analysts covering Lowe's Companies Inc. Therefore 64% are positive. Wells Fargo maintained Pure Storage, Inc. (NYSE:LOW) on Thursday, November 23 with "Buy" rating. The stock of Lowe's Companies, Inc. SunTrust has "Neutral" rating and $81 target. Daiwa Securities Group Inc. now owns 6,962,794 shares of the real estate investment trust's stock worth $447,916,000 after buying an additional 3,068,125 shares during the period. On Wednesday, June 8 the stock rating was downgraded by Jefferies to "Hold".

Investors sentiment decreased to 0.98 in Q3 2017. Its up 0.01, from 1.03 in 2017Q2. 42 funds opened positions while 85 raised stakes. PSTG's SI was 12.96 million shares in January as released by FINRA. 3,160 were reported by Beck Cap Mngmt Ltd Liability. Scotia Cap has 14,270 shares. Fulton Breakefield Broenniman Limited Liability Corp stated it has 1.8% of its portfolio in Lowe's Companies, Inc. Natixis owns 29,993 shares for 0.02% of their portfolio. Employees Retirement Systems Of Texas reported 0.02% stake. Ironsides Asset Ltd Liability Company has invested 34.27% in Lowe's Companies, Inc. (NYSE:CRM) or 8,026 shares. Old Mutual Customised Solutions (Proprietary) Ltd has invested 0.35% in Lowe's Companies, Inc. Prudential has invested 0.21% of its portfolio in Equity Residential (NYSE:EQR). Wealthfront has invested 0.01% in Equity Residential (NYSE:EQR). Apg Asset Nv owns 719,317 shares or 0.08% of their U.S. portfolio. Lord Abbett Ltd Llc holds 246,800 shares.

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