Equity Residential (NYSE:EQR) CEO David J. Neithercut sold 25,000 shares of Equity Residential stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $71.51, for a total transaction of $1,787,750.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of 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. Equity Residential has a twelve month low of $54.97 and a twelve month high of $71.93. The company has a market capitalization of $26.07 billion, a price-to-earnings ratio of 21.84, a P/E/G ratio of 3.59 and a beta of 0.43.

Equity Residential (NYSE:EQR) last announced its quarterly earnings results on Tuesday, October 23rd. The real estate investment trust reported $0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.23). Equity Residential had a net margin of 26.01% and a return on equity of 6.37%. The company had revenue of $652.87 million during the quarter, compared to the consensus estimate of $645.77 million. During the same period in the previous year, the firm posted $0.37 EPS. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. Analysts anticipate that Equity Residential will post 3.26 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in EQR. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Equity Residential by 0.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 229,934 shares of the real estate investment trust’s stock valued at $15,235,000 after purchasing an additional 824 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Equity Residential by 0.8% in the third quarter. Arizona State Retirement System now owns 154,488 shares of the real estate investment trust’s stock valued at $10,236,000 after purchasing an additional 1,199 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Equity Residential by 2.4% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 50,181 shares of the real estate investment trust’s stock valued at $3,325,000 after purchasing an additional 1,200 shares during the last quarter. TD Asset Management Inc. raised its holdings in shares of Equity Residential by 1.2% in the second quarter. TD Asset Management Inc. now owns 105,423 shares of the real estate investment trust’s stock valued at $6,714,000 after purchasing an additional 1,233 shares during the last quarter. Finally, Utah Retirement Systems raised its holdings in shares of Equity Residential by 1.6% in the third quarter. Utah Retirement Systems now owns 89,572 shares of the real estate investment trust’s stock valued at $5,936,000 after purchasing an additional 1,400 shares during the last quarter. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

EQR has been the topic of several recent analyst reports. TheStreet raised shares of Equity Residential from a “c+” rating to a “b-” rating in a research note on Wednesday, November 28th. Argus lifted their price objective on shares of Equity Residential from $70.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, October 30th. Zacks Investment Research raised shares of Equity Residential from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a research note on Friday, October 26th. Scotiabank set a $71.00 price objective on shares of Equity Residential and gave the stock a “buy” rating in a research note on Monday, November 12th. Finally, ValuEngine raised shares of Equity Residential from a “hold” rating to a “buy” rating in a research note on Wednesday, November 21st. Twelve research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $69.00.

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

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