Equity Residential (EQR) Receives Media Sentiment Rating of 0.18
Media headlines about Equity Residential (NYSE:EQR) have trended somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Equity Residential earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 46.9459785112527 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Apartment REITs: Still Strong Demand But Moving Downscale – Seeking Alpha (seekingalpha.com)
- What Is Equity Residential’s Valuation after 3Q17 Earnings? (finance.yahoo.com)
- What Do Wall Street Analysts Think of Equity Residential? (finance.yahoo.com)
- How Is Equity Residential Rewarding Its Investors? (finance.yahoo.com)
- How Does Equity Residential’s Balance Sheet Look? (finance.yahoo.com)
Equity Residential (NYSE:EQR) traded down $0.54 on Friday, reaching $60.42. The company had a trading volume of 1,460,196 shares, compared to its average volume of 1,608,181. Equity Residential has a twelve month low of $59.49 and a twelve month high of $70.46. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86. The company has a market cap of $22,203.44, a PE ratio of 29.62, a PEG ratio of 2.93 and a beta of 0.36.
Equity Residential (NYSE:EQR) last posted its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.42). Equity Residential had a net margin of 30.88% and a return on equity of 7.22%. analysts predict that Equity Residential will post 3.12 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd were given a dividend of $0.5038 per share. This represents a $2.02 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend was Friday, December 29th. Equity Residential’s payout ratio is 99.02%.
Several equities research analysts have recently commented on EQR shares. TheStreet downgraded Equity Residential from a “b” rating to a “c+” rating in a report on Tuesday, October 24th. Zacks Investment Research downgraded Equity Residential from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Robert W. Baird reissued a “hold” rating and issued a $70.00 price objective on shares of Equity Residential in a report on Friday, November 10th. Royal Bank of Canada reissued a “hold” rating and issued a $70.00 price objective on shares of Equity Residential in a report on Friday, October 20th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $69.00 price objective on shares of Equity Residential in a report on Monday, November 27th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $69.13.
In other Equity Residential news, CEO David J. Neithercut sold 100,000 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $70.17, for a total transaction of $7,017,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Mark J. Parrell sold 50,000 shares of the stock in a transaction on Friday, November 3rd. The stock was 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. Insiders have sold a total of 402,380 shares of company stock worth $27,663,622 in the last quarter. Company insiders own 3.79% of the company’s stock.
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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