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Robert Garechana, the Executive Vice President and Chief Financial Officer of Equity Residential (NYSE:EQR), recently sold 4,294 shares of the company. The transactions, which took place on February 6, 2025, were executed at a price of $72.06 per share, totaling $309,425. According to InvestingPro analysis, EQR is currently trading below its Fair Value, making it one of the potentially undervalued real estate stocks.
Following these sales, Garechana holds 14,108 shares directly. Additionally, he holds 162 shares indirectly through a 401(k) plan and 7,093 shares in a SERP account. EQR maintains strong fundamentals with a healthy dividend yield and stable revenue growth. For deeper insights into EQR’s financial health and valuation, check out the comprehensive Pro Research Report available on InvestingPro.
In other transactions reported, Garechana acquired 27,199 non-qualified stock options and 15,891 restricted units on February 5, 2025. These options and units are part of his compensation package and are scheduled to vest in the coming years. A key ProTip from InvestingPro indicates that insider transactions can provide valuable signals about management’s confidence in the company’s prospects.
In other recent news, Equity Residential has been the subject of several analyst ratings. UBS maintained a Buy rating with a steady $84.00 price target, highlighting the company’s fourth-quarter 2024 results and its guidance for 2025. The firm noted a stable demand environment and a supportive macroeconomic backdrop. On the other hand, Stifel analysts adjusted their outlook, reducing the price target from $85.00 to $82.25, while still maintaining a Buy rating. This followed the company’s fourth-quarter financial performance, which showed a slight deviation from expectations due to increased expenses.
In addition, Equity Residential recently adopted a new executive severance plan, aiming to aid in executive retention and recruitment. The plan outlines severance payments and benefits for eligible management employees, including the CEO and executive vice presidents. The company also expanded its commercial paper note program, increasing its limit from $1 billion to $1.5 billion, allowing for the issuance of additional unsecured notes.
Lastly, CFRA raised Equity Residential’s price target from $81.00 to $84.00, maintaining a "Buy" rating. The firm cited confidence in the improvement of the company’s rental markets in the upcoming year. These are some of the recent developments surrounding Equity Residential.
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