Mark J. Parrell Sells 45,400 Shares of Equity Residential (EQR) Stock

Equity Residential (NYSE:EQR) CFO Mark J. Parrell sold 45,400 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $68.00, for a total transaction of $3,087,200.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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 shares were sold at an average price of $68.01, for a total transaction of $108,816.00.
  • On Friday, November 3rd, Mark J. Parrell sold 50,000 shares of Equity Residential stock. The shares were sold at an average price of $68.00, for a total transaction of $3,400,000.00.

Equity Residential (NYSE:EQR) opened at $68.21 on Friday. The company has a market cap of $25,066.15, a price-to-earnings ratio of 22.00, a P/E/G ratio of 3.45 and a beta of 0.37. Equity Residential has a 52-week low of $58.28 and a 52-week high of $68.83. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.24 and a quick ratio of 0.31.

The company also recently declared a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Monday, September 25th were issued a $0.5038 dividend. This represents a $2.02 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend was Friday, September 22nd. Equity Residential’s dividend payout ratio (DPR) is presently 99.02%.

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Several analysts have recently weighed in on the stock. Stifel Nicolaus lowered their price objective on shares of Equity Residential from $71.00 to $68.00 and set a “hold” rating on the stock in a research report on Friday, October 27th. TheStreet cut shares of Equity Residential from a “b” rating to a “c+” rating in a research report on Tuesday, October 24th. Zacks Investment Research upgraded shares of Equity Residential from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. SunTrust Banks, Inc. set a $71.00 price objective on shares of Equity Residential and gave the company a “buy” rating in a research report on Tuesday, October 24th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $70.00 price objective on shares of Equity Residential in a research report on Friday, October 20th. One research 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 presently has a consensus rating of “Hold” and an average target price of $68.85.

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. grew its holdings in Equity Residential by 2.3% in the 2nd quarter. BlackRock Inc. now owns 34,594,954 shares of the real estate investment trust’s stock worth $2,277,386,000 after acquiring an additional 794,065 shares during the last quarter. APG Asset Management US Inc. grew its holdings in Equity Residential by 1.8% in the 2nd quarter. APG Asset Management US Inc. now owns 15,060,400 shares of the real estate investment trust’s stock worth $991,426,000 after acquiring an additional 269,599 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in Equity Residential by 113.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 7,724,194 shares of the real estate investment trust’s stock worth $509,256,000 after acquiring an additional 4,112,438 shares during the last quarter. PGGM Investments grew its holdings in Equity Residential by 1.7% in the 3rd quarter. PGGM Investments now owns 7,272,978 shares of the real estate investment trust’s stock worth $479,507,000 after acquiring an additional 121,040 shares during the last quarter. Finally, FMR LLC grew its holdings in Equity Residential by 16.4% in the 2nd quarter. FMR LLC now owns 6,697,809 shares of the real estate investment trust’s stock worth $440,917,000 after acquiring an additional 945,524 shares during the last quarter. 90.94% of the stock is currently 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.

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

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