Equity Residential (NYSE:EQR) insider Alan W. George sold 35,000 shares of Equity Residential stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $67.82, for a total transaction of $2,373,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of EQR traded down $0.98 during mid-day trading on Thursday, reaching $67.78. The company had a trading volume of 2,349,800 shares, compared to its average volume of 2,065,299. The firm has a market cap of $25.07 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 3.48 and a beta of 0.40. Equity Residential has a fifty-two week low of $54.97 and a fifty-two week high of $69.42. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.85.

Equity Residential (NYSE:EQR) last announced its quarterly earnings results on Tuesday, October 23rd. The real estate investment trust reported $0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.23). The company had revenue of $652.87 million during the quarter, compared to analyst estimates of $645.77 million. Equity Residential had a net margin of 26.01% and a return on equity of 6.37%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.37 EPS. As a group, equities research analysts anticipate that Equity Residential will post 3.26 earnings per share for the current year.

Several research firms have commented on EQR. Zacks Investment Research cut shares of Equity Residential from a “buy” rating to a “hold” rating in a research note on Wednesday. Scotiabank set a $71.00 target price on shares of Equity Residential and gave the stock a “buy” rating in a research note on Monday. Deutsche Bank lifted their target price on shares of Equity Residential from $66.00 to $67.00 and gave the stock a “hold” rating in a research note on Wednesday, September 5th. Robert W. Baird reaffirmed a “hold” rating and issued a $66.00 target price on shares of Equity Residential in a research note on Thursday, August 16th. Finally, Mizuho reaffirmed a “buy” rating and issued a $76.00 target price on shares of Equity Residential in a research note on Monday, August 6th. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Equity Residential has a consensus rating of “Hold” and an average target price of $68.82.

Several institutional investors and hedge funds have recently made changes to their positions in EQR. Landaas & Co. WI ADV acquired a new position in shares of Equity Residential during the 2nd quarter valued at $101,000. Stelac Advisory Services LLC acquired a new position in shares of Equity Residential during the 3rd quarter valued at $120,000. Bbva Compass Bancshares Inc. acquired a new position in shares of Equity Residential during the 3rd quarter valued at $137,000. Lenox Wealth Management Inc. acquired a new position in shares of Equity Residential during the 3rd quarter valued at $426,000. Finally, Girard Partners LTD. acquired a new position in shares of Equity Residential during the 2nd quarter valued at $203,000. Institutional investors own 87.08% of the company’s stock.

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About Equity Residential

Equity Residential is an S&P 500 company focused on the acquisition, development and management of rental apartment properties in urban and high-density suburban coastal gateway markets where today's renters want to live, work and play. Equity Residential owns or has investments in 304 properties consisting of 78,645 apartment units, primarily located in Boston, New York, Washington, DC, Seattle, San Francisco and Southern California.

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

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