Equity Residential (EQR) Insider Sells $3,400,000.00 in Stock
Equity Residential (NYSE:EQR) insider Mark J. Parrell sold 50,000 shares of the stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $68.00, for a total transaction of $3,400,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
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 transaction of $108,816.00.
Equity Residential (NYSE EQR) traded up $0.40 during trading hours on Friday, reaching $68.21. 1,755,072 shares of the company traded hands, compared to its average volume of 1,458,094. The firm has a market cap of $24.57 billion, a P/E ratio of 21.57 and a beta of 0.37.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Monday, September 25th were given a dividend of $0.5038 per share. This represents a $2.02 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend was Friday, September 22nd. Equity Residential’s dividend payout ratio is currently 99.02%.
A number of equities research analysts have recently issued reports on the stock. Jefferies Group LLC reissued a “hold” rating and issued a $65.00 price target on shares of Equity Residential in a report on Sunday, September 10th. Barclays PLC increased their price target on shares of Equity Residential from $65.00 to $66.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 1st. BidaskClub raised shares of Equity Residential from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. TheStreet raised shares of Equity Residential from a “c+” rating to a “b” rating in a research note on Monday, July 31st. Finally, Royal Bank Of Canada reaffirmed a “hold” rating on shares of Equity Residential in a research note on Monday, July 31st. One analyst has rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. Equity Residential has an average rating of “Hold” and a consensus target price of $68.85.
A number of institutional investors have recently made changes to their positions in EQR. Bessemer Group Inc. lifted its position in Equity Residential by 124.6% during the second 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. lifted its position in Equity Residential by 4.1% during the second 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 lifted its position in Equity Residential by 22,450.0% during the second 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. purchased a new position in Equity Residential during the second quarter valued at $209,000. Finally, Prudential PLC purchased a new position in Equity Residential during the second quarter valued at $209,000. 90.94% of the stock is owned by institutional investors and hedge funds.
Equity Residential Company Profile
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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