Equity Residential (EQR) CFO Mark J. Parrell Sells 45,400 Shares
Equity Residential (NYSE:EQR) CFO Mark J. Parrell sold 45,400 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $68.00, for a total value of $3,087,200.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Mark J. Parrell also recently made the following trade(s):
- On Wednesday, November 1st, Mark J. Parrell sold 1,600 shares of Equity Residential stock. The stock was sold at an average price of $68.01, for a total value of $108,816.00.
- On Friday, November 3rd, Mark J. Parrell sold 50,000 shares of Equity Residential stock. The stock was sold at an average price of $68.00, for a total value of $3,400,000.00.
Shares of Equity Residential (EQR) traded up $0.40 on Friday, hitting $68.21. The stock had a trading volume of 1,754,503 shares, compared to its average volume of 1,458,094. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.31 and a current ratio of 0.24. The company has a market capitalization of $24.57 billion, a price-to-earnings ratio of 21.57, a P/E/G ratio of 3.38 and a beta of 0.37.
The company also recently announced a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Monday, September 25th were paid a $0.5038 dividend. The ex-dividend date of this dividend was Friday, September 22nd. This represents a $2.02 annualized dividend and a dividend yield of 2.95%. Equity Residential’s dividend payout ratio is presently 99.02%.
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Several research analysts have recently weighed in on the company. UBS Group AG (USA) lowered Equity Residential from a “buy” rating to a “neutral” rating and set a $68.00 price objective for the company. in a research report on Thursday, July 6th. TheStreet lowered Equity Residential from a “b” rating to a “c+” rating in a research report on Tuesday, October 24th. Stifel Nicolaus lowered their price objective on Equity Residential from $71.00 to $68.00 and set a “hold” rating for the company in a research report on Friday, October 27th. BidaskClub lowered Equity Residential from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Royal Bank Of Canada reissued a “hold” rating on shares of Equity Residential in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $68.85.
Institutional investors and hedge funds have recently modified their holdings of the company. Bessemer Group Inc. grew its stake in shares of Equity Residential by 124.6% in the 2nd quarter. Bessemer Group Inc. now owns 1,572 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 872 shares during the period. D.A. Davidson & CO. grew its stake in shares of Equity Residential by 4.1% in 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 buying an additional 73 shares during the period. Sun Life Financial INC grew its stake in shares of Equity Residential by 22,450.0% in the 2nd quarter. Sun Life Financial INC now owns 2,706 shares of the real estate investment trust’s stock valued at $178,000 after buying an additional 2,694 shares during the period. Girard Partners LTD. acquired a new position in Equity Residential during the 2nd quarter valued at about $209,000. Finally, Prudential PLC acquired a new position in Equity Residential during the 2nd quarter valued at about $209,000. Institutional investors own 90.94% of the company’s stock.
About Equity Residential
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.
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