Today it was reported that the EVP of Equity Residential (EQR), Barry Altshuler, exercised options to sell 10,455 EQR shares at $48.15 a share, for a total transaction value of $740K.
Following Barry Altshuler’s last EQR Sell transaction on May 01, 2018, the stock climbed by 10.7%. In addition to Barry Altshuler, 7 other EQR executives reported Sell trades in the last month.
See today’s analyst top recommended stocks >>
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 $26.48B and the company has a P/E ratio of 67.86. Currently, Equity Residential has an average volume of 2.05M.
Based on 10 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $70.50, reflecting a -0.4% downside.
The insider sentiment on Equity Residential has been negative according to 53 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Company insider trades’ information is brought to you by the DailyInsider, a proprietary algorithm that analyzes insider trading activity to detect the most attractive trading opportunities. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
