Equity Residential CEO Sells $4,737,750 in Stock (EQR)
Equity Residential (NYSE:EQR) CEO David J. Neithercut unloaded 75,000 shares of the stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $63.17, for a total transaction of $4,737,750.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Equity Residential in a research note on Tuesday, June 24th. They now have a $65.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Equity Residential in a research note on Monday, June 23rd. They now have a $66.00 price target on the stock, up previously from $57.00. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Equity Residential from $61.00 to $62.00 in a research note on Friday, June 20th. They now have a “neutral” rating on the stock. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $59.82.
Equity Residential (NYSE:EQR) traded down 0.83% on Monday, hitting $63.00. The stock had a trading volume of 2,018,174 shares. Equity Residential has a 52-week low of $50.08 and a 52-week high of $63.54. The stock has a 50-day moving average of $61.82 and a 200-day moving average of $57.87. The company has a market cap of $22.756 billion and a P/E ratio of 25.76.
Equity Residential (NYSE:EQR) last released its earnings data on Wednesday, April 30th. The company reported $0.10 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.71 by $0.61. The company had revenue of $633.44 million for the quarter, compared to the consensus estimate of $635.84 million. Analysts expect that Equity Residential will post $3.09 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, July 11th. Shareholders of record on Monday, June 23rd will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend is Thursday, June 19th.
Equity Residential (NYSE:EQR) is a real estate investment trust (REIT).
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