Equity Residential (EQR) Earning Somewhat Positive Press Coverage, Study Finds
Media headlines about Equity Residential (NYSE:EQR) have been trending somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Equity Residential earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 46.1812641772784 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Q4 2017 EPS Estimates for Equity Residential Increased by Jefferies Group (EQR) (americanbankingnews.com)
- $0.81 Earnings Per Share Expected for Equity Residential (EQR) This Quarter (americanbankingnews.com)
- FY2019 EPS Estimates for Equity Residential Reduced by Jefferies Group (EQR) (americanbankingnews.com)
- 3 Dividend Stocks to Buy for 2018 (finance.yahoo.com)
- Equity Residential (EQR) Upgraded to “Buy” at Edward Jones (americanbankingnews.com)
Shares of Equity Residential (EQR) traded up $0.71 during trading on Monday, reaching $61.18. The company’s stock had a trading volume of 1,692,107 shares, compared to its average volume of 1,773,336. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 0.24. Equity Residential has a 52-week low of $59.49 and a 52-week high of $70.46. The firm has a market cap of $22,220.00, a P/E ratio of 21.10, a P/E/G ratio of 2.94 and a beta of 0.36.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd were issued a dividend of $0.5038 per share. The ex-dividend date of this dividend was Friday, December 29th. This represents a $2.02 dividend on an annualized basis and a yield of 3.29%. Equity Residential’s payout ratio is currently 69.66%.
A number of analysts recently weighed in on EQR shares. Edward Jones upgraded Equity Residential from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. SunTrust Banks set a $71.00 price objective on Equity Residential and gave the company a “buy” rating in a report on Tuesday, October 24th. Mizuho upgraded Equity Residential from a “neutral” rating to a “buy” rating and set a $76.00 price objective for the company in a report on Monday, November 6th. TheStreet downgraded Equity Residential from a “b” rating to a “c+” rating in a report on Tuesday, October 24th. Finally, Stifel Nicolaus decreased their price objective on Equity Residential from $71.00 to $68.00 and set a “hold” rating for the company in a report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. Equity Residential has a consensus rating of “Hold” and a consensus target price of $69.13.
In other news, insider Alan W. George sold 84,326 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $69.47, for a total value of $5,858,127.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Mark J. Parrell sold 50,000 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $68.00, for a total value of $3,400,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 402,380 shares of company stock valued at $27,663,622. Company insiders own 3.79% of the company’s stock.
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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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