Equity Residential CFO Mark J. Parrell Sells 30,436 Shares (EQR)

Share on StockTwits

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).

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.

Latest News

Zebra to Acquire Motorola Solutions’ Enterprise Company
Zebra to Acquire Motorola Solutions’ Enterprise Company
Retail Sales Increase in U.S. During March
Retail Sales Increase in U.S. During March
Fires in Valparaiso, Chile Destroy Hundreds of Homes
Fires in Valparaiso, Chile Destroy Hundreds of Homes
Stocks Drop Due to Jitters on Earnings
Stocks Drop Due to Jitters on Earnings
Sebelius Resigning as Health Secretary
Sebelius Resigning as Health Secretary
Man Says He Killed 40 as Hit Man for Cartel
Man Says He Killed 40 as Hit Man for Cartel


Leave a Reply

 
© 2006-2014 WKRB News. Subscribe Subscribe