Equity Residential CFO Mark J. Parrell Sells 16,805 Shares (EQR)
Equity Residential (NYSE:EQR) CFO Mark J. Parrell sold 16,805 shares of the stock on the open market in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $66.39, for a total value of $1,115,683.95. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Equity Residential in a research note on Wednesday. They now have a $66.00 price target on the stock, up previously from $64.00. Separately, analysts at Jefferies Group upgraded shares of Equity Residential from an “underperform” rating to a “hold” rating in a research note on Monday. They now have a $62.00 price target on the stock, up previously from $55.00. Finally, analysts at ISI Group raised their price target on shares of Equity Residential from $3.00 to $67.00 in a research note on Wednesday, July 30th. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $61.97.
Equity Residential (NYSE:EQR) traded up 0.42% during mid-day trading on Wednesday, hitting $67.09. 1,069,306 shares of the company’s stock traded hands. Equity Residential has a 52-week low of $50.08 and a 52-week high of $66.90. The stock’s 50-day moving average is $64.74 and its 200-day moving average is $60.88. The company has a market cap of $24.269 billion and a P/E ratio of 35.61.
Equity Residential (NYSE:EQR) last announced its earnings results on Tuesday, July 29th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.01. The company had revenue of $652.60 million for the quarter, compared to the consensus estimate of $644.28 million. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Analysts expect that Equity Residential will post $3.10 EPS for the current fiscal year.
Equity Residential (NYSE:EQR) is a real estate investment trust (REIT).
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