Equity Residential (NYSE:EQR) EVP Scott Fenster sold 449 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $58.18, for a total value of $26,122.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Equity Residential (EQR) traded down $1.60 during trading hours on Thursday, hitting $55.26. The stock had a trading volume of 3,416,954 shares, compared to its average volume of 2,186,732. Equity Residential has a fifty-two week low of $55.25 and a fifty-two week high of $70.46. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.29 and a quick ratio of 0.24. The company has a market cap of $21,238.32, a PE ratio of 34.83, a PEG ratio of 2.81 and a beta of 0.34.

Equity Residential (NYSE:EQR) last released its quarterly earnings data on Tuesday, January 30th. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.47). Equity Residential had a net margin of 24.39% and a return on equity of 5.76%. The business had revenue of $630.50 million for the quarter, compared to the consensus estimate of $625.83 million. During the same quarter last year, the firm earned $0.79 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. equities analysts anticipate that Equity Residential will post 3.24 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Tuesday, January 2nd were issued a dividend of $0.5038 per share. This represents a $2.02 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend was Friday, December 29th. Equity Residential’s dividend payout ratio (DPR) is presently 123.93%.

Large investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. lifted its holdings in shares of Equity Residential by 4.1% during the 2nd quarter. D.A. Davidson & CO. now owns 1,873 shares of the real estate investment trust’s stock valued at $123,000 after purchasing an additional 73 shares in the last quarter. Amica Retiree Medical Trust bought a new position in shares of Equity Residential during the 3rd quarter valued at about $135,000. Zions Bancorporation lifted its holdings in shares of Equity Residential by 3,348.4% during the 3rd quarter. Zions Bancorporation now owns 2,138 shares of the real estate investment trust’s stock valued at $141,000 after purchasing an additional 2,076 shares in the last quarter. Americafirst Capital Management LLC bought a new position in shares of Equity Residential during the 3rd quarter valued at about $171,000. Finally, Prudential PLC bought a new position in shares of Equity Residential during the 2nd quarter valued at about $209,000. Institutional investors and hedge funds own 93.88% of the company’s stock.

EQR has been the topic of a number of recent analyst reports. TheStreet cut Equity Residential from a “b” rating to a “c+” rating in a report on Tuesday, October 24th. Zacks Investment Research cut Equity Residential from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Robert W. Baird restated a “hold” rating and set a $70.00 target price on shares of Equity Residential in a report on Friday, November 10th. Royal Bank of Canada restated a “hold” rating and set a $70.00 target price on shares of Equity Residential in a report on Friday, October 20th. Finally, BMO Capital Markets restated a “hold” rating and set a $69.00 target price on shares of Equity Residential in a report on Monday, November 27th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $68.47.

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Equity Residential Company Profile

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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