Equity Residential (EQR) Insider David S. Santee Sells 12,499 Shares

Equity Residential (NYSE:EQR) insider David S. Santee sold 12,499 shares of the business’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $67.25, for a total transaction of $840,557.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of NYSE EQR traded up $0.18 during trading hours on Friday, hitting $67.48. 1,105,911 shares of the stock were exchanged, compared to its average volume of 2,023,708. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.85. The firm has a market cap of $24.86 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 3.45 and a beta of 0.40. Equity Residential has a 12 month low of $54.97 and a 12 month high of $70.35.

Equity Residential (NYSE:EQR) last posted its quarterly earnings data on Tuesday, October 23rd. The real estate investment trust reported $0.60 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.23). The firm 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 company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.37 EPS. On average, equities research analysts anticipate that Equity Residential will post 3.26 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Monday, September 24th were paid a dividend of $0.54 per share. The ex-dividend date was Friday, September 21st. This represents a $2.16 annualized dividend and a dividend yield of 3.20%. Equity Residential’s dividend payout ratio (DPR) is presently 69.01%.

Several equities research analysts have recently commented on EQR shares. Stifel Nicolaus boosted their price target on shares of Equity Residential from $60.00 to $68.00 and gave the company a “hold” rating in a report on Thursday, July 26th. Mizuho restated a “buy” rating and issued a $76.00 price target on shares of Equity Residential in a report on Monday, August 6th. SunTrust Banks lowered shares of Equity Residential from a “buy” rating to a “hold” rating and set a $71.00 price target for the company. in a report on Tuesday, August 14th. Robert W. Baird restated a “hold” rating and issued a $66.00 price target on shares of Equity Residential in a report on Thursday, August 16th. Finally, Deutsche Bank boosted their price target on shares of Equity Residential from $66.00 to $67.00 and gave the company a “hold” rating in a report on Wednesday, September 5th. Twelve investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $68.69.

Several hedge funds and other institutional investors have recently bought and sold shares of EQR. Royal Bank of Canada grew its position in Equity Residential by 9.3% during the 1st quarter. Royal Bank of Canada now owns 126,748 shares of the real estate investment trust’s stock worth $7,810,000 after purchasing an additional 10,754 shares during the last quarter. Brown Advisory Inc. grew its position in Equity Residential by 26.3% during the 1st quarter. Brown Advisory Inc. now owns 7,684 shares of the real estate investment trust’s stock worth $474,000 after purchasing an additional 1,600 shares during the last quarter. DnB Asset Management AS grew its position in Equity Residential by 4.1% during the 2nd quarter. DnB Asset Management AS now owns 45,237 shares of the real estate investment trust’s stock worth $2,881,000 after purchasing an additional 1,800 shares during the last quarter. IFM Investors Pty Ltd grew its position in Equity Residential by 48.4% during the 2nd quarter. IFM Investors Pty Ltd now owns 16,485 shares of the real estate investment trust’s stock worth $1,050,000 after purchasing an additional 5,376 shares during the last quarter. Finally, Fulton Bank N.A. purchased a new stake in Equity Residential during the 2nd quarter worth approximately $221,000. Hedge funds and other institutional investors own 87.34% of the company’s stock.

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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 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 304 properties consisting of 78,645 apartment units, primarily located in Boston, New York, Washington, DC, Seattle, San Francisco and Southern California.

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