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).
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