Equity Residential (NYSE:EQR) insider Michael L. Manelis sold 433 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $67.03, for a total transaction of $29,023.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Michael L. Manelis also recently made the following trade(s):

  • On Monday, May 22nd, Michael L. Manelis sold 1,000 shares of Equity Residential stock. The stock was sold at an average price of $65.63, for a total transaction of $65,630.00.

Shares of Equity Residential (EQR) traded down 0.40% during midday trading on Thursday, reaching $67.08. 1,642,099 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $66.61 and its 200 day moving average is $64.47. Equity Residential has a one year low of $58.28 and a one year high of $68.83. The firm has a market cap of $24.64 billion, a PE ratio of 30.01 and a beta of 0.34.

Equity Residential (NYSE:EQR) last posted its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.77 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.77. The firm had revenue of $612.48 million for the quarter, compared to analyst estimates of $609.37 million. Equity Residential had a net margin of 33.99% and a return on equity of 7.92%. Equity Residential’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.76 earnings per share. Analysts anticipate that Equity Residential will post $1.41 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Monday, June 26th were given a dividend of $0.5038 per share. The ex-dividend date was Thursday, June 22nd. This represents a $2.02 dividend on an annualized basis and a yield of 3.00%. Equity Residential’s payout ratio is presently 90.58%.

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A number of equities analysts recently weighed in on the stock. UBS AG lowered shares of Equity Residential from a “buy” rating to a “neutral” rating and set a $68.00 price objective for the company. in a report on Thursday, July 6th. Evercore ISI boosted their price objective on shares of Equity Residential from $62.00 to $63.00 and gave the stock an “underperform” rating in a report on Wednesday, April 19th. BidaskClub lowered shares of Equity Residential from a “buy” rating to a “hold” rating in a report on Wednesday. BMO Capital Markets restated a “hold” rating and issued a $66.00 price objective on shares of Equity Residential in a report on Thursday, May 25th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $67.00 price objective on shares of Equity Residential in a report on Monday, July 17th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $68.08.

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Equity Residential by 2.2% in the first quarter. Vanguard Group Inc. now owns 52,348,375 shares of the real estate investment trust’s stock worth $3,257,116,000 after buying an additional 1,140,042 shares during the last quarter. BlackRock Inc. raised its position in Equity Residential by 2.3% in the second quarter. BlackRock Inc. now owns 34,594,954 shares of the real estate investment trust’s stock worth $2,277,386,000 after buying an additional 794,065 shares during the last quarter. State Street Corp raised its position in Equity Residential by 1.3% in the first quarter. State Street Corp now owns 21,674,961 shares of the real estate investment trust’s stock worth $1,348,617,000 after buying an additional 286,200 shares during the last quarter. APG Asset Management US Inc. raised its position in Equity Residential by 1.8% in the second quarter. APG Asset Management US Inc. now owns 15,060,400 shares of the real estate investment trust’s stock worth $991,426,000 after buying an additional 269,599 shares during the last quarter. Finally, Macquarie Group Ltd. raised its position in Equity Residential by 7.3% in the first quarter. Macquarie Group Ltd. now owns 12,930,323 shares of the real estate investment trust’s stock worth $804,524,000 after buying an additional 879,622 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

About Equity Residential

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.

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

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