Equity Residential (NYSE:EQR) CFO Mark J. Parrell sold 7,355 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $58.18, for a total value of $427,913.90. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Equity Residential (NYSE:EQR) traded up $0.63 during mid-day trading on Friday, reaching $55.89. The company had a trading volume of 506,349 shares, compared to its average volume of 2,111,758. Equity Residential has a 12-month low of $55.25 and a 12-month high of $70.46. The company has a current ratio of 0.29, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86. The stock has a market cap of $20,925.51, a price-to-earnings ratio of 34.29, a P/E/G ratio of 2.78 and a beta of 0.34.
Equity Residential (NYSE:EQR) last posted its earnings results on Tuesday, January 30th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.47). Equity Residential had a net margin of 24.39% and a return on equity of 5.76%. The company had revenue of $630.50 million during the quarter, compared to analysts’ expectations of $625.83 million. During the same period in the previous year, the company posted $0.79 EPS. Equity Residential’s quarterly revenue was up 4.2% compared to the same quarter last year. analysts anticipate that Equity Residential will post 3.23 EPS for the current year.
Several equities research analysts have recently commented on EQR shares. Robert W. Baird reissued a “hold” rating and set a $70.00 price target on shares of Equity Residential in a research note on Friday, November 10th. TheStreet lowered Equity Residential from a “b” rating to a “c+” rating in a research note on Tuesday, October 24th. Zacks Investment Research lowered Equity Residential from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Stifel Nicolaus decreased their price target on Equity Residential from $71.00 to $68.00 and set a “hold” rating on the stock in a research note on Friday, October 27th. Finally, SunTrust Banks set a $71.00 price target on Equity Residential and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $68.47.
A number of hedge funds have recently bought and sold shares of EQR. D.A. Davidson & CO. lifted its stake in Equity Residential by 4.1% in the 2nd quarter. D.A. Davidson & CO. now owns 1,873 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 73 shares in the last quarter. Amica Retiree Medical Trust purchased a new stake in Equity Residential in the 3rd quarter valued at approximately $135,000. Zions Bancorporation raised its holdings in Equity Residential by 3,348.4% in the 3rd quarter. Zions Bancorporation now owns 2,138 shares of the real estate investment trust’s stock valued at $141,000 after acquiring an additional 2,076 shares during the last quarter. Americafirst Capital Management LLC acquired a new position in Equity Residential in the 3rd quarter valued at $171,000. Finally, Prudential PLC acquired a new position in Equity Residential in the 2nd quarter valued at $209,000. 93.88% of the stock is currently owned by hedge funds and other institutional investors.
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Equity Residential Company Profile
Equity Residential is a real estate investment trust. The Company’s primary business is the acquisition, development and management of multifamily residential properties. Its segments include Boston, New York, Washington DC, Southern California, San Francisco, Seattle and Other Markets. Southern California includes Los Angeles, San Diego and Orange County.
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