Equity Residential (NYSE:EQR) CFO Mark J. Parrell sold 30,436 shares of Equity Residential stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $56.31, for a total transaction of $1,713,851.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Equity Residential (NYSE:EQR) traded up 1.28% on Monday, hitting $57.60. The stock had a trading volume of 2,247,141 shares. Equity Residential has a one year low of $50.08 and a one year high of $60.97. The stock’s 50-day moving average is $53.59 and its 200-day moving average is $53.45. The company has a market cap of $20.764 billion and a P/E ratio of 9.72.
Equity Residential (NYSE:EQR) last released its earnings data on Tuesday, February 4th. The company reported $0.67 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.73 by $0.06. The company had revenue of $639.13 million for the quarter, compared to the consensus estimate of $624.07 million. During the same quarter in the prior year, the company posted $0.75 earnings per share. The company’s quarterly revenue was up 41.2% on a year-over-year basis. On average, analysts predict that Equity Residential will post $3.10 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Equity Residential in a research note to investors on Monday, January 27th. They now have a $59.00 price target on the stock, down previously from $63.00. Separately, analysts at BWS Financial initiated coverage on shares of Equity Residential in a research note to investors on Thursday, January 23rd. They set a “buy” rating and a $70.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Equity Residential in a research note to investors on Tuesday, January 7th. They now have a $55.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $59.75.
Equity Residential (NYSE:EQR) is a real estate investment trust (REIT).
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