Equity Residential (NYSE:EQR) CEO David J. Neithercut sold 25,000 shares of the stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $71.51, for a total value of $1,787,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Equity Residential stock opened at $72.65 on Friday. The company has a market cap of $26.07 billion, a price-to-earnings ratio of 23.21, a P/E/G ratio of 3.59 and a beta of 0.43. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.13 and a quick ratio of 0.13. Equity Residential has a 12-month low of $54.97 and a 12-month high of $72.75.
Equity Residential (NYSE:EQR) last announced its earnings results on Tuesday, October 23rd. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.23). The company had revenue of $652.87 million for the quarter, compared to the consensus estimate of $645.77 million. Equity Residential had a return on equity of 6.37% and a net margin of 26.01%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.37 EPS. As a group, equities analysts predict that Equity Residential will post 3.26 EPS for the current fiscal year.
A number of equities analysts recently commented on the company. Zacks Investment Research upgraded Equity Residential from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a report on Monday, November 19th. TheStreet upgraded Equity Residential from a “c+” rating to a “b-” rating in a report on Wednesday, November 28th. ValuEngine upgraded Equity Residential from a “hold” rating to a “buy” rating in a report on Wednesday, November 21st. Scotiabank set a $71.00 price objective on Equity Residential and gave the stock a “buy” rating in a report on Monday, November 12th. Finally, BMO Capital Markets increased their price objective on Equity Residential from $68.00 to $69.00 and gave the stock a “market perform” rating in a report on Wednesday, October 24th. Twelve equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Equity Residential currently has a consensus rating of “Hold” and an average target price of $69.00.
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.
Featured Story: Outstanding Shares
Receive News & Ratings for Equity Residential Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity Residential and related companies with MarketBeat.com's FREE daily email newsletter.