Equity Residential (EQR) Insider David S. Santee Sells 1,928 Shares

Equity Residential (NYSE:EQR) insider David S. Santee sold 1,928 shares of the company’s stock in a transaction that occurred on Wednesday, May 23rd. The shares were sold at an average price of $61.55, for a total transaction of $118,668.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of EQR stock opened at $61.76 on Friday. The firm has a market capitalization of $22.74 billion, a price-to-earnings ratio of 19.73, a PEG ratio of 3.20 and a beta of 0.33. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.83. Equity Residential has a one year low of $54.97 and a one year high of $70.46.

Equity Residential (NYSE:EQR) last announced its quarterly earnings results on Tuesday, April 24th. The real estate investment trust reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.21). The firm had revenue of $633.02 million during the quarter, compared to analyst estimates of $626.81 million. Equity Residential had a net margin of 26.83% and a return on equity of 6.41%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.76 EPS. equities research analysts predict that Equity Residential will post 3.23 earnings per share for the current fiscal year.



Several brokerages recently commented on EQR. Mizuho set a $67.00 target price on shares of Equity Residential and gave the stock a “buy” rating in a report on Friday, February 9th. Jefferies Group restated a “hold” rating and set a $62.00 target price on shares of Equity Residential in a report on Monday, February 5th. Robert W. Baird set a $62.00 target price on shares of Equity Residential and gave the stock a “hold” rating in a report on Friday, March 2nd. ValuEngine cut shares of Equity Residential from a “hold” rating to a “sell” rating in a report on Wednesday, May 16th. Finally, Sandler O’Neill restated a “hold” rating and set a $65.00 target price on shares of Equity Residential in a report on Tuesday, March 20th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. Equity Residential has an average rating of “Hold” and an average price target of $66.53.

A number of hedge funds have recently made changes to their positions in EQR. Assetmark Inc. lifted its stake in Equity Residential by 2,976.2% in the fourth quarter. Assetmark Inc. now owns 1,938 shares of the real estate investment trust’s stock valued at $124,000 after acquiring an additional 1,875 shares during the last quarter. Optimum Investment Advisors acquired a new stake in Equity Residential in the first quarter valued at $173,000. Marco Investment Management LLC acquired a new stake in Equity Residential in the fourth quarter valued at $205,000. Bridges Investment Management Inc. acquired a new stake in Equity Residential in the fourth quarter valued at $206,000. Finally, Quantum Capital Management acquired a new stake in Equity Residential in the first quarter valued at $206,000. Hedge funds and other institutional investors own 92.75% of the company’s stock.

About Equity Residential

Equity Residential is an S&P 500 company focused on the acquisition, development and management of rental apartment properties in urban and high-density suburban coastal gateway markets where today's renters want to live, work and play. Equity Residential owns or has investments in 305 properties consisting of 78,611 apartment units, primarily located in Boston, New York, Washington, DC, Seattle, San Francisco and Southern California.

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

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