Equity Residential (NYSE:EQR) Director David J. Neithercut sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of $73.50, for a total transaction of $3,675,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
EQR stock opened at $73.46 on Tuesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.13 and a current ratio of 0.29. Equity Residential has a twelve month low of $54.97 and a twelve month high of $73.85. The company has a market cap of $27.06 billion, a price-to-earnings ratio of 22.60, a P/E/G ratio of 3.64 and a beta of 0.61.
Equity Residential (NYSE:EQR) last released its quarterly earnings data on Tuesday, January 29th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.54). Equity Residential had a return on equity of 6.31% and a net margin of 25.50%. The company had revenue of $652.55 million for the quarter, compared to analyst estimates of $652.35 million. During the same period in the previous year, the business posted $0.83 EPS. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, analysts predict that Equity Residential will post 3.4 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the business. Altshuler Shaham Ltd acquired a new stake in Equity Residential during the fourth quarter worth approximately $25,000. Rational Advisors LLC purchased a new position in shares of Equity Residential during the fourth quarter worth approximately $31,000. Braun Bostich & Associates Inc. grew its position in shares of Equity Residential by 38.0% during the fourth quarter. Braun Bostich & Associates Inc. now owns 516 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 142 shares during the last quarter. Enlightenment Research LLC purchased a new position in shares of Equity Residential during the fourth quarter worth approximately $40,000. Finally, Oregon Public Employees Retirement Fund grew its position in shares of Equity Residential by 6,420.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,632,545 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 2,592,169 shares during the last quarter. 88.25% of the stock is currently owned by institutional investors.
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.
Further Reading: Strangles
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