Equity Residential (NYSE:EQR) insider Barry Altshuler sold 10,455 shares of the company’s stock in a transaction on Friday, November 30th. The shares were sold at an average price of $70.78, for a total value of $740,004.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of NYSE:EQR opened at $72.65 on Friday. The stock has a market cap of $26.07 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 3.59 and a beta of 0.43. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.85. 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 quarterly earnings results on Tuesday, October 23rd. The real estate investment trust reported $0.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.23). The firm had revenue of $652.87 million for the quarter, compared to analyst estimates of $645.77 million. Equity Residential had a return on equity of 6.37% and a net margin of 26.01%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.37 earnings per share. Research analysts predict that Equity Residential will post 3.26 EPS for the current fiscal year.
Several equities analysts recently commented on the company. Zacks Investment Research upgraded Equity Residential from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a research note on Friday, October 26th. BMO Capital Markets upped their target price on Equity Residential from $68.00 to $69.00 and gave the company a “market perform” rating in a research note on Wednesday, October 24th. Scotiabank assumed coverage on Equity Residential in a research note on Tuesday, October 16th. They issued an “outperform” rating for the company. SunTrust Banks lowered Equity Residential from a “buy” rating to a “hold” rating and set a $71.00 target price for the company. in a research note on Tuesday, August 14th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $66.00 target price on shares of Equity Residential in a research note on Thursday, August 16th. Twelve research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $69.00.
Equity Residential Company Profile
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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