New insider activity at Equity Residential ( (EQR) ) has taken place on February 8, 2025.
A flurry of high-profile transactions has taken place at Equity Residential, with several top executives and directors selling significant portions of their stock. EVP & CHRO Catherine Carraway sold 845 shares for $60,890, while EVP & GC Scott Fenster sold 5,340 shares for $384,800. EVP & COO Michael L Manelis sold a substantial 9,487 shares totaling $683,760. EVP & CFO Robert Garechana parted with 4,294 shares, netting $309,425. CAO Ian Kaufman sold 642 shares for $46,262, and Director Stephen Sterrett sold 2,101 shares for $151,713. The largest transaction was by EVP & CIO Alexander Brackenridge, who sold 12,459 shares for a total of $897,795.
Recent Updates on EQR stock
Equity Residential recently held its Q4 earnings call, reporting strong financial results with a significant 34.1% increase in earnings per share (EPS) compared to the previous year. The company highlighted strategic property acquisitions and dispositions in key markets like Atlanta and Denver as part of its expansion strategy. Despite these positive results, several analysts have lowered their price targets for the company. This is due to factors such as the potential impact of fires in Los Angeles on future financial performance, challenges in expansion markets from elevated supply levels, and a decline in nonresidential same-store revenue that may offset residential growth. The company’s forecast for 2025 includes continued revenue growth supported by a steady economy and limited new supply in core markets. Analysts’ adjustments reflect cautious optimism about the company’s strategic positioning amidst these challenges.
More about Equity Residential
YTD Price Performance: 1.46%
Average Trading Volume: 1,563,208
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $28.2B
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