Today it was reported that the CAO of Equity Residential (EQR), Ian Kaufman, exercised options to sell 15,072 EQR shares at $48.53 a share, for a total transaction value of $1.21M.
Following Ian Kaufman’s last EQR Sell transaction on February 07, 2019, the stock climbed by 7.3%. In addition to Ian Kaufman, 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 June 30, the company posted quarterly revenue of $665 million and quarterly net profit of $309 million. In comparison, last year the company earned revenue of $635 million and had a net profit of $113 million. EQR’s market cap is $29.59B and the company has a P/E ratio of 47.11. Currently, Equity Residential has an average volume of 1.33M.
Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $81.25, reflecting a 0.5% upside.
The insider sentiment on Equity Residential has been negative according to 76 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.
