Today it was reported that a Director at Equity Residential (EQR), David Neithercut, exercised options to sell 50,000 EQR shares at $28.10 a share, for a total transaction value of $3.61M.
Following David Neithercut’s last EQR Sell transaction on December 04, 2018, the stock climbed by 1.8%.
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Based on Equity Residential’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $653 million and quarterly net profit of $117 million. In comparison, last year the company earned revenue of $626 million and had a net profit of $110 million. EQR’s market cap is $26.6B and the company has a P/E ratio of 67.21. Currently, Equity Residential has an average volume of 1.5M.
Based on 10 analyst ratings, the analyst consensus is Hold with an average price target of $72.22, reflecting a -0.8% downside.
The insider sentiment on Equity Residential has been negative according to 59 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Equity Residential operates as a real estate investment trust, which engages in the acquisition, development, and management of rental apartment properties. The company was founded by Robert H. Lurie and Sam Zell in March 1993 and is headquartered in Chicago, IL.
