Equity Residential (EQR) EVP Sells $26,122.82 in Stock

Equity Residential (NYSE:EQR) EVP Scott Fenster sold 449 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $58.18, for a total value of $26,122.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Equity Residential (NYSE EQR) traded down $1.60 during midday trading on Thursday, hitting $55.26. The company had a trading volume of 3,416,954 shares, compared to its average volume of 2,186,732. The company has a quick ratio of 0.24, a current ratio of 0.29 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $21,238.32, a price-to-earnings ratio of 34.83, a price-to-earnings-growth ratio of 2.81 and a beta of 0.34. Equity Residential has a twelve month low of $55.25 and a twelve month high of $70.46.

Equity Residential (NYSE:EQR) last issued its earnings results on Tuesday, January 30th. The real estate investment trust reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.47). The firm had revenue of $630.50 million during the quarter, compared to analyst estimates of $625.83 million. Equity Residential had a net margin of 24.39% and a return on equity of 5.76%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 earnings per share. equities analysts anticipate that Equity Residential will post 3.24 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Tuesday, January 2nd were paid a $0.5038 dividend. The ex-dividend date was Friday, December 29th. This represents a $2.02 dividend on an annualized basis and a dividend yield of 3.65%. Equity Residential’s payout ratio is 123.93%.

EQR has been the subject of several research reports. TheStreet cut Equity Residential from a “b” rating to a “c+” rating in a research report on Tuesday, October 24th. Zacks Investment Research cut Equity Residential from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Robert W. Baird reissued a “hold” rating and issued a $70.00 price objective on shares of Equity Residential in a research report on Friday, November 10th. Royal Bank of Canada reissued a “hold” rating and issued a $70.00 price objective on shares of Equity Residential in a research report on Friday, October 20th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $69.00 price objective on shares of Equity Residential in a research report on Monday, November 27th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $68.47.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN raised its stake in shares of Equity Residential by 12.4% in the fourth quarter. Wells Fargo & Company MN now owns 888,615 shares of the real estate investment trust’s stock valued at $56,666,000 after purchasing an additional 97,897 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Equity Residential by 6.2% in the fourth quarter. First Trust Advisors LP now owns 481,988 shares of the real estate investment trust’s stock valued at $30,736,000 after purchasing an additional 28,141 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Equity Residential by 1.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 669,752 shares of the real estate investment trust’s stock valued at $42,710,000 after purchasing an additional 9,544 shares in the last quarter. Old Mutual Global Investors UK Ltd. raised its stake in shares of Equity Residential by 77.3% in the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 1,708,255 shares of the real estate investment trust’s stock valued at $108,935,000 after purchasing an additional 744,642 shares in the last quarter. Finally, Sentry Investment Management LLC raised its stake in shares of Equity Residential by 40.4% in the fourth quarter. Sentry Investment Management LLC now owns 8,712 shares of the real estate investment trust’s stock valued at $556,000 after purchasing an additional 2,507 shares in the last quarter. Institutional investors and hedge funds own 93.88% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Equity Residential (NYSE:EQR)

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