Today it was reported that the CEO of Equity Residential (NYSE: EQR), David Neithercut, exercised options to sell 20,000 EQR shares at $19.67 a share, for a total transaction value of $1.32M.
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Based on Equity Residential’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $653 million and quarterly net profit of $100 million. In comparison, last year the company earned revenue of $619 million and had a net profit of $121 million. EQR’s market cap is $23.89B and the company has a P/E ratio of 61.86. Currently, Equity Residential has an average volume of 1.49M.
Based on 7 analyst ratings, the analyst consensus is Hold with an average price target of $68.86, reflecting a 4.0% upside.
The insider sentiment on Equity Residential has been negative according to 49 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
David Neithercut’s trades have generated a -18.5% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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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.
