Insider Selling: David S. Santee Sells 8,405 Shares of Equity Residential Stock (EQR)
Equity Residential (NYSE:EQR) COO David S. Santee sold 8,405 shares of Equity Residential stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $58.03, for a total transaction of $487,742.15. Following the sale, the chief operating officer now directly owns 25,960 shares in the company, valued at approximately $1,506,459. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Equity Residential (NYSE:EQR) traded up 0.15% during mid-day trading on Thursday, hitting $58.30. 3,557,221 shares of the company’s stock traded hands. Equity Residential has a 52-week low of $50.08 and a 52-week 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 P/E ratio of 9.95.
Equity Residential (NYSE:EQR) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.67 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.75 earnings per share. Equity Residential’s revenue was up 41.2% compared to the same quarter last year. Analysts expect that Equity Residential will post $3.10 EPS 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 assigned a hold rating and two have assigned a buy rating to the company’s stock. Equity Residential has an average rating of “Hold” and a consensus price target of $59.75.
Equity Residential (NYSE:EQR) is a real estate investment trust (REIT).
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