Insider Selling: Equity Residential (EQR) CFO Sells $108,816.00 in Stock

Equity Residential (NYSE:EQR) CFO Mark J. Parrell sold 1,600 shares of Equity Residential stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $68.01, for a total transaction of $108,816.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Mark J. Parrell also recently made the following trade(s):

  • On Friday, November 3rd, Mark J. Parrell sold 45,400 shares of Equity Residential stock. The stock was sold at an average price of $68.00, for a total transaction of $3,087,200.00.
  • On Friday, November 3rd, Mark J. Parrell sold 50,000 shares of Equity Residential stock. The stock was sold at an average price of $68.00, for a total transaction of $3,400,000.00.

Shares of Equity Residential (NYSE EQR) opened at $68.21 on Monday. Equity Residential has a twelve month low of $58.28 and a twelve month 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 0.24. The company has a market cap of $25,066.14, a PE ratio of 22.00, a PEG ratio of 3.45 and a beta of 0.37.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Monday, September 25th were issued a $0.5038 dividend. The ex-dividend date was Friday, September 22nd. This represents a $2.02 annualized dividend and a dividend yield of 2.95%. Equity Residential’s dividend payout ratio is currently 99.02%.

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Several large investors have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd raised its holdings in shares of Equity Residential by 1.8% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 3,558 shares of the real estate investment trust’s stock valued at $235,000 after purchasing an additional 64 shares in the last quarter. D.A. Davidson & CO. raised its holdings in shares of Equity Residential by 4.1% in the 2nd quarter. D.A. Davidson & CO. now owns 1,873 shares of the real estate investment trust’s stock valued at $123,000 after purchasing an additional 73 shares in the last quarter. Suntrust Banks Inc. raised its holdings in shares of Equity Residential by 0.6% in the 2nd quarter. Suntrust Banks Inc. now owns 17,043 shares of the real estate investment trust’s stock valued at $1,121,000 after purchasing an additional 108 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of Equity Residential by 0.4% in the 2nd quarter. CIBC Asset Management Inc now owns 39,453 shares of the real estate investment trust’s stock valued at $2,597,000 after purchasing an additional 168 shares in the last quarter. Finally, First Allied Advisory Services Inc. raised its holdings in shares of Equity Residential by 5.6% in the 2nd quarter. First Allied Advisory Services Inc. now owns 3,629 shares of the real estate investment trust’s stock valued at $236,000 after purchasing an additional 191 shares in the last quarter. Institutional investors and hedge funds own 90.97% of the company’s stock.

A number of equities analysts recently commented on EQR shares. Jefferies Group LLC reaffirmed a “hold” rating and set a $67.00 price target on shares of Equity Residential in a research note on Monday, July 17th. Zacks Investment Research raised shares of Equity Residential from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a research note on Tuesday, July 18th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Equity Residential in a research note on Monday, July 31st. Barclays PLC lifted their price target on shares of Equity Residential from $65.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 1st. Finally, TheStreet raised shares of Equity Residential from a “c+” rating to a “b” rating in a research note on Monday, July 31st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $69.36.

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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