EQR - DAVID NEITHERCUT Takes A Bullish Stance Acquiring In Equity Residential Stock Options | Benzinga
A noteworthy insider acquisition was disclosed on June 24, as NEITHERCUT, Director at Equity Residential (NYSE:EQR), reported the acquisition of stock options for 37,337 shares.
What Happened: Revealed in a Form 4 filing on Monday with the U.S. Securities and Exchange Commission, NEITHERCUT, Director at Equity Residential, strategically acquired stock options for 37,337 shares of EQR. These options empower NEITHERCUT to buy the company's stock at a favorable exercise price of $67.85 per share.
Equity Residential shares are trading, exhibiting down of 0.53% and priced at $68.82 during Tuesday's morning. This values NEITHERCUT's 37,337 shares at $36,216.
About Equity Residential
Equity Residential owns a portfolio of 302 apartment communities with around 80,000 units and is developing two additional properties with 537 units. The company focuses on owning large, high-quality properties in the urban and suburban submarkets of Southern California, San Francisco, Washington, D.C., New York, Seattle, and Boston.
Financial Insights: Equity Residential
Revenue Growth: Equity Residential's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 3.65%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, ...