The EVP & CIO of Equity Residential is Exercising Options


Today it was reported that the EVP & CIO of Equity Residential (EQR), Alan George, exercised options to sell 35,000 EQR shares at $46.72 a share, for a total transaction value of $2.37M.

Following Alan George’s last EQR Sell transaction on June 04, 2018, the stock climbed by 5.2%. In addition to Alan George, 4 other EQR executives reported Sell trades in the last month.

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Based on Equity Residential’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $648 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 $25.33B and the company has a P/E ratio of 64.92. Currently, Equity Residential has an average volume of 2.35M.

Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $68.57, reflecting a 1.2% upside.

The insider sentiment on Equity Residential has been negative according to 47 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.

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