Insider Selling: Alan W. George Sells 5,005 Shares of Equity Residential Stock (EQR)
Equity Residential (NYSE:EQR) EVP Alan W. George unloaded 5,005 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $58.03, for a total transaction of $290,440.15. Following the completion of the sale, the executive vice president now directly owns 71,378 shares of the company’s stock, valued at approximately $4,142,065. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Equity Residential (NYSE:EQR) traded up 0.15% on Thursday, hitting $58.30. The stock had a trading volume of 3,557,221 shares. Equity Residential has a 1-year low of $50.08 and a 1-year high of $60.97. The stock’s 50-day moving average is $54.15 and its 200-day moving average is $53.42. The company has a market cap of $21.016 billion and a price-to-earnings ratio of 9.95.
Equity Residential (NYSE:EQR) last released its earnings data on Tuesday, February 4th. The company reported $0.67 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.73 by $0.06. The company had revenue of $639.13 million for the quarter, compared to the consensus estimate of $624.07 million. During the same quarter in the prior year, the company posted $0.75 earnings per share. The company’s quarterly revenue was up 41.2% on a year-over-year basis. On average, analysts predict that Equity Residential will post $3.10 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on EQR shares. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Equity Residential in a research note on Monday, January 27th. They now have a $59.00 price target on the stock, down previously from $63.00. Separately, analysts at BWS Financial initiated coverage on shares of Equity Residential in a research note on Thursday, January 23rd. They set a “buy” rating and a $70.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Equity Residential in a research note on Tuesday, January 7th. They now have a $55.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. Equity Residential currently has an average rating of “Hold” and an average target price of $59.75.
Equity Residential (NYSE:EQR) is a real estate investment trust (REIT).
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