Equity Residential (NYSE:EQR) insider Barry Altshuler sold 10,455 shares of the business’s stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $70.78, for a total value of $740,004.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

NYSE EQR opened at $70.76 on Thursday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.13 and a current ratio of 0.13. The company has a market cap of $26.07 billion, a price-to-earnings ratio of 22.61, a P/E/G ratio of 3.59 and a beta of 0.43. Equity Residential has a 1-year low of $54.97 and a 1-year high of $71.93.

Equity Residential (NYSE:EQR) last released its quarterly earnings data on Tuesday, October 23rd. The real estate investment trust reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.23). The company had revenue of $652.87 million for the quarter, compared to analyst estimates of $645.77 million. Equity Residential had a net margin of 26.01% and a return on equity of 6.37%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.37 earnings per share. On average, sell-side analysts predict that Equity Residential will post 3.26 EPS for the current year.

Several equities analysts recently issued reports on EQR shares. TheStreet upgraded Equity Residential from a “c+” rating to a “b-” rating in a research note on Wednesday, November 28th. Argus boosted their price target on Equity Residential from $70.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, October 30th. Zacks Investment Research upgraded Equity Residential from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research note on Friday, October 26th. Scotiabank set a $71.00 price target on Equity Residential and gave the company a “buy” rating in a research note on Monday, November 12th. Finally, ValuEngine upgraded Equity Residential from a “hold” rating to a “buy” rating in a research note on Wednesday, November 21st. Twelve equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Equity Residential presently has a consensus rating of “Hold” and a consensus price target of $69.00.

Several institutional investors and hedge funds have recently made changes to their positions in EQR. Boston Partners boosted its holdings in shares of Equity Residential by 80.2% in the 2nd quarter. Boston Partners now owns 6,431,486 shares of the real estate investment trust’s stock worth $409,622,000 after acquiring an additional 2,862,717 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Equity Residential by 6.3% in the 2nd quarter. BlackRock Inc. now owns 38,144,554 shares of the real estate investment trust’s stock worth $2,429,425,000 after acquiring an additional 2,247,512 shares in the last quarter. Millennium Management LLC acquired a new position in shares of Equity Residential in the 2nd quarter worth approximately $103,610,000. Morgan Stanley boosted its holdings in shares of Equity Residential by 17.4% in the 3rd quarter. Morgan Stanley now owns 6,086,929 shares of the real estate investment trust’s stock worth $403,319,000 after acquiring an additional 901,037 shares in the last quarter. Finally, Commonwealth Bank of Australia boosted its holdings in shares of Equity Residential by 28,372.7% in the 2nd quarter. Commonwealth Bank of Australia now owns 739,721 shares of the real estate investment trust’s stock worth $47,747,000 after acquiring an additional 737,123 shares in the last quarter. 87.44% of the stock is currently owned by institutional investors and hedge funds.

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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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