Headlines about Equity Residential (NYSE:EQR) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Equity Residential earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 46.8504139302861 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media stories that may have impacted Accern’s analysis:
- Equity Residential breached its 50 day moving average in a Bearish Manner : EQR-US : September 20, 2017 (finance.yahoo.com)
- Critical Analysis: Monogram Residential Trust (MORE) & Equity Residential (EQR) (americanbankingnews.com)
- Landlord maintained control of Minneapolis apartment complexes after he was banned (m.startribune.com)
- Daily Dividend Report: EQR, BXP, RL, PEGA, WSM (msn.com)
- Renters gobble up new apartments near Airbnb headquarters in San Francisco (bizjournals.com)
Several research analysts recently commented on EQR shares. Stifel Nicolaus started coverage on Equity Residential in a research report on Friday, September 1st. They issued a “hold” rating and a $71.00 target price for the company. Barclays PLC raised their target price on Equity Residential from $65.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 1st. BMO Capital Markets reaffirmed a “hold” rating and issued a $66.00 target price on shares of Equity Residential in a research report on Thursday, May 25th. BidaskClub cut Equity Residential from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. Finally, TheStreet upgraded Equity Residential from a “c+” rating to a “b” rating in a research note on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $68.21.
Shares of Equity Residential (NYSE:EQR) opened at 66.72 on Thursday. Equity Residential has a 52 week low of $58.28 and a 52 week high of $68.83. The stock has a 50 day moving average price of $67.53 and a 200-day moving average price of $65.65. The firm has a market capitalization of $24.51 billion, a price-to-earnings ratio of 29.85 and a beta of 0.36.
Equity Residential (NYSE:EQR) last released its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.77 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.77. The firm had revenue of $612.48 million during the quarter, compared to the consensus estimate of $609.37 million. Equity Residential had a return on equity of 7.92% and a net margin of 33.99%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.76 EPS. On average, equities research analysts forecast that Equity Residential will post $1.48 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Monday, September 25th will be issued a dividend of $0.5038 per share. The ex-dividend date is Friday, September 22nd. This represents a $2.02 dividend on an annualized basis and a dividend yield of 3.02%. Equity Residential’s dividend payout ratio (DPR) is currently 90.58%.
In other news, EVP Bruce C. Strohm sold 10,000 shares of the business’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $68.50, for a total transaction of $685,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David J. Neithercut sold 49,369 shares of the business’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $68.02, for a total value of $3,358,079.38. The disclosure for this sale can be found here. Insiders have sold a total of 173,622 shares of company stock valued at $11,816,599 in the last three months. 3.79% of the stock is owned by insiders.
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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.
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