Alan W. George Sells 25,000 Shares of Equity Residential (EQR) Stock

Equity Residential (NYSE:EQR) EVP Alan W. George sold 25,000 shares of Equity Residential stock in a transaction on Friday, February 8th. The shares were sold at an average price of $73.56, for a total value of $1,839,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Alan W. George also recently made the following trade(s):

  • On Tuesday, November 13th, Alan W. George sold 35,000 shares of Equity Residential stock. The shares were sold at an average price of $67.82, for a total value of $2,373,700.00.

Equity Residential stock traded up $0.02 during midday trading on Monday, hitting $73.46. 1,584,259 shares of the company’s stock were exchanged, compared to its average volume of 1,702,484. Equity Residential has a 52-week low of $54.97 and a 52-week high of $73.85. The company has a quick ratio of 0.13, a current ratio of 0.29 and a debt-to-equity ratio of 0.85. The stock has a market cap of $27.06 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 3.64 and a beta of 0.61.

Equity Residential (NYSE:EQR) last posted its earnings results on Tuesday, January 29th. The real estate investment trust reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.54). Equity Residential had a return on equity of 6.31% and a net margin of 25.50%. The business had revenue of $652.55 million for the quarter, compared to analysts’ expectations of $652.35 million. During the same quarter in the previous year, the firm earned $0.83 earnings per share. Equity Residential’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, research analysts anticipate that Equity Residential will post 3.4 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of EQR. FMR LLC grew its position in Equity Residential by 5.1% during the second quarter. FMR LLC now owns 10,660,719 shares of the real estate investment trust’s stock worth $678,982,000 after buying an additional 520,610 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in Equity Residential by 9.8% during the second quarter. Advisors Asset Management Inc. now owns 15,939 shares of the real estate investment trust’s stock worth $1,015,000 after purchasing an additional 1,419 shares during the last quarter. DNB Asset Management AS lifted its stake in Equity Residential by 3.7% during the third quarter. DNB Asset Management AS now owns 46,930 shares of the real estate investment trust’s stock worth $3,110,000 after purchasing an additional 1,693 shares during the last quarter. Bank of Montreal Can lifted its stake in Equity Residential by 31.7% during the third quarter. Bank of Montreal Can now owns 404,399 shares of the real estate investment trust’s stock worth $26,796,000 after purchasing an additional 97,445 shares during the last quarter. Finally, First Hawaiian Bank bought a new stake in Equity Residential during the third quarter worth about $585,000. Institutional investors and hedge funds own 88.25% of the company’s stock.

Several equities analysts have recently weighed in on the company. Zacks Investment Research cut Equity Residential from a “buy” rating to a “hold” rating in a research report on Friday, February 1st. BMO Capital Markets reiterated a “hold” rating and issued a $69.00 price target on shares of Equity Residential in a research report on Tuesday, January 29th. Barclays reiterated a “hold” rating and issued a $65.00 price target on shares of Equity Residential in a research report on Wednesday, January 23rd. Mizuho cut Equity Residential from a “buy” rating to a “neutral” rating and set a $71.00 price target for the company. in a research report on Wednesday, January 23rd. Finally, JPMorgan Chase & Co. upgraded Equity Residential from a “neutral” rating to an “overweight” rating in a research report on Wednesday, December 19th. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $69.50.

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About Equity Residential

Equity Residential is an S&P 500 company focused on the acquisition, development and management of rental apartment properties located in urban and high-density suburban markets where today's renters want to live, work and play. Equity Residential owns or has investments in 306 properties consisting of 79,260 apartment units, primarily located in Boston, New York, Washington, DC, Seattle, San Francisco, Southern California and Denver.

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