Insider Selling: Equity Residential CFO Unloads 30,436 Shares of Stock (EQR)

Share on StockTwits

Equity Residential (NYSE:EQR) CFO Mark Parrell sold 30,436 shares of Equity Residential stock on the open market in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $56.31, for a total transaction of $1,713,851.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of Equity Residential (NYSE:EQR) opened at 57.64 on Tuesday. Equity Residential has a 52 week low of $50.08 and a 52 week high of $60.97. The stock has a 50-day moving average of $53.76 and a 200-day moving average of $53.3. The company has a market cap of $20.778 billion and a P/E ratio of 9.84.

Equity Residential (NYSE:EQR) last released its earnings data on Tuesday, February 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by $0.06. The company had revenue of $639.13 million for the quarter, compared to the consensus estimate of $624.07 million. During the same quarter in the previous year, the company posted $0.75 earnings per share. The company’s revenue for the quarter was up 41.2% on a year-over-year basis. Analysts expect that Equity Residential will post $3.11 EPS for the current fiscal year.

A number of research firms have recently commented on EQR. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Equity Residential in a research note on Monday, January 27th. They now have a $59.00 price target on the stock, down previously from $63.00. Separately, analysts at BWS Financial initiated coverage on shares of Equity Residential in a research note on Thursday, January 23rd. They set a “buy” rating and a $70.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Equity Residential in a research note on Tuesday, January 7th. They now have a $55.00 price target on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $59.75.

Equity Residential (NYSE:EQR) is a real estate investment trust (REIT).

Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.

Latest News

Verisk Analytics Receives Average Rating of “Buy” from Analysts
Verisk Analytics Receives Average Rating of “Buy” from Analysts
TECO Energy Given Consensus Rating of “Hold” by Analysts
TECO Energy Given Consensus Rating of “Hold” by Analysts
General Mills Given Consensus Rating of “Hold” by Analysts
General Mills Given Consensus Rating of “Hold” by Analysts
Con-way Receives Consensus Rating of “Buy” from Analysts
Con-way Receives Consensus Rating of “Buy” from Analysts
SBA Communications Receives Consensus Rating of “Buy” from Brokerages
SBA Communications Receives Consensus Rating of “Buy” from Brokerages
Berkeley Group Holdings PLC Receives Average Recommendation of “Hold” from Analysts
Berkeley Group Holdings PLC Receives Average Recommendation of “Hold” from Analysts


Leave a Reply

 
© 2006-2014 Mideast Time.