Alexander Brackenridge Sells 6,497 Shares of Equity Residential (EQR) Stock

Equity Residential (NYSE:EQR) insider Alexander Brackenridge sold 6,497 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $69.41, for a total transaction of $450,956.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Equity Residential (NYSE EQR) opened at $69.03 on Thursday. The company has a market cap of $25,716.59, a price-to-earnings ratio of 22.57, a price-to-earnings-growth ratio of 3.54 and a beta of 0.37. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.86. Equity Residential has a 1-year low of $58.28 and a 1-year high of $70.46.

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EQR has been the subject of several recent research reports. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Equity Residential in a research report on Monday, July 31st. Barclays PLC increased their price objective on shares of Equity Residential from $65.00 to $66.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 1st. TheStreet raised shares of Equity Residential from a “c+” rating to a “b” rating in a research report on Monday, July 31st. BidaskClub raised shares of Equity Residential from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Finally, Deutsche Bank AG increased their price objective on shares of Equity Residential from $67.00 to $69.00 and gave the company a “hold” rating in a research report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. Equity Residential currently has a consensus rating of “Hold” and a consensus price target of $69.40.

A number of institutional investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd boosted its holdings in Equity Residential by 1.8% in the second quarter. Dynamic Technology Lab Private Ltd now owns 3,558 shares of the real estate investment trust’s stock worth $235,000 after purchasing an additional 64 shares during the period. D.A. Davidson & CO. boosted its holdings in Equity Residential by 4.1% in the second quarter. D.A. Davidson & CO. now owns 1,873 shares of the real estate investment trust’s stock worth $123,000 after purchasing an additional 73 shares during the period. Suntrust Banks Inc. lifted its stake in Equity Residential by 0.6% in the second quarter. Suntrust Banks Inc. now owns 17,043 shares of the real estate investment trust’s stock valued at $1,121,000 after buying an additional 108 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Equity Residential by 0.4% in the second quarter. CIBC Asset Management Inc now owns 39,453 shares of the real estate investment trust’s stock valued at $2,597,000 after buying an additional 168 shares during the last quarter. Finally, First Allied Advisory Services Inc. lifted its stake in Equity Residential by 5.6% in the second quarter. First Allied Advisory Services Inc. now owns 3,629 shares of the real estate investment trust’s stock valued at $236,000 after buying an additional 191 shares during the last quarter. 92.07% of the stock is owned by hedge funds and other institutional investors.

About Equity Residential

Equity Residential is a real estate investment trust. The Company’s primary business is the acquisition, development and management of multifamily residential properties. Its segments include Boston, New York, Washington DC, Southern California, San Francisco, Seattle and Other Markets. Southern California includes Los Angeles, San Diego and Orange County.

Insider Buying and Selling by Quarter for Equity Residential (NYSE:EQR)

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