Media headlines about Equity Residential (NYSE:EQR) have trended somewhat positive on Saturday, according to Accern. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Equity Residential earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 45.947235400931 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Equity Residential (EQR) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Equity Residential (NYSE:EQR) Insider Sells $29,023.99 in Stock (americanbankingnews.com)
- Insider Selling: Equity Residential (EQR) Director Sells 2,853 Shares of Stock (americanbankingnews.com)
- Taking Aim at Equity Residential (EQR) Shares – Evergreen Caller (evergreencaller.com)
- Stock Trading Watch for Equity Residential (EQR) – Berry Recorder (berryrecorder.com)
Several research firms have recently weighed in on EQR. UBS AG downgraded Equity Residential from a “buy” rating to a “neutral” rating and set a $68.00 price objective for the company. in a report on Thursday, July 6th. Evercore ISI increased their price target on Equity Residential from $62.00 to $63.00 and gave the stock an “underperform” rating in a report on Wednesday, April 19th. BMO Capital Markets reaffirmed a “hold” rating and set a $66.00 price target on shares of Equity Residential in a report on Thursday, May 25th. Jefferies Group LLC reaffirmed a “hold” rating and set a $67.00 price target on shares of Equity Residential in a report on Monday, July 17th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating on shares of Equity Residential in a report on Monday, July 31st. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $67.92.
Equity Residential (EQR) traded down 0.15% during mid-day trading on Friday, hitting $66.98. The company had a trading volume of 1,260,508 shares. The company has a market cap of $24.60 billion, a PE ratio of 29.97 and a beta of 0.34. Equity Residential has a one year low of $58.28 and a one year high of $68.83. The company’s 50 day moving average price is $66.58 and its 200-day moving average price is $64.51.
Equity Residential (NYSE:EQR) last issued its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.77 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.77. The business had revenue of $612.48 million for the quarter, compared to the consensus estimate of $609.37 million. Equity Residential had a return on equity of 7.64% and a net margin of 33.44%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.76 EPS. Equities research analysts anticipate that Equity Residential will post $1.41 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Monday, June 26th were paid a dividend of $0.5038 per share. This represents a $2.02 annualized dividend and a yield of 3.01%. The ex-dividend date was Thursday, June 22nd. Equity Residential’s payout ratio is presently 90.58%.
In related news, insider Alan W. George sold 28,157 shares of Equity Residential stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $65.93, for a total value of $1,856,391.01. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Michael L. Manelis sold 1,000 shares of Equity Residential stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $65.63, for a total value of $65,630.00. The disclosure for this sale can be found here. Insiders sold a total of 59,124 shares of company stock worth $3,945,054 in the last three months. Company insiders own 3.79% of the company’s stock.
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Equity Residential Company Profile
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.
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