The President & CEO of Equity Residential is Exercising Options


Today it was reported that the President & CEO of Equity Residential (EQR), Mark Parrell, exercised options to sell 59,385 EQR shares at $60.76 a share, for a total transaction value of $4.55M.

Following Mark Parrell’s last EQR Sell transaction on November 19, 2018, the stock climbed by 7.4%. In addition to Mark Parrell, 2 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 March 31, the company posted quarterly revenue of $658 million and quarterly net profit of $105 million. In comparison, last year the company earned revenue of $628 million and had a net profit of $69.6 million. EQR’s market cap is $28.06B and the company has a P/E ratio of 64.74. Currently, Equity Residential has an average volume of 776K.

Based on 4 analyst ratings, the analyst consensus is Hold with an average price target of $77.00, reflecting a 0.8% upside.

The insider sentiment on Equity Residential has been negative according to 70 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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