Insider Selling: Equity Residential (EQR) Insider Sells 10,455 Shares of Stock

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.



A number of large investors have recently made changes to their positions in EQR. Morgan Stanley boosted its position in shares of Equity Residential by 17.4% in the third quarter. Morgan Stanley now owns 6,086,929 shares of the real estate investment trust’s stock worth $403,319,000 after buying an additional 901,037 shares during the period. Rehmann Capital Advisory Group boosted its position in shares of Equity Residential by 6,175.5% in the third quarter. Rehmann Capital Advisory Group now owns 111,515 shares of the real estate investment trust’s stock worth $1,683,000 after buying an additional 109,738 shares during the period. Nordea Investment Management AB purchased a new stake in shares of Equity Residential in the third quarter worth about $3,409,000. Cohen & Steers Inc. boosted its position in shares of Equity Residential by 17.3% in the third quarter. Cohen & Steers Inc. now owns 3,985,828 shares of the real estate investment trust’s stock worth $264,101,000 after buying an additional 588,330 shares during the period. Finally, Neuberger Berman Group LLC boosted its position in shares of Equity Residential by 12.2% in the third quarter. Neuberger Berman Group LLC now owns 934,655 shares of the real estate investment trust’s stock worth $61,930,000 after buying an additional 101,378 shares during the period. Institutional investors own 87.44% of the company’s stock.

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.

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

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