Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Equity Residential (EQR) Stock Price
Media coverage about Equity Residential (NYSE:EQR) has been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Equity Residential earned a news impact score of 0.15 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 45.1874701062313 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 headlines that may have impacted Accern’s rankings:
- Mackenzie Financial Corp Acquires 156,383 Shares of Equity Residential (EQR) (americanbankingnews.com)
- Equity Residential (EQR) Stake Lessened by Schroder Investment Management Group (americanbankingnews.com)
- Equity Residential (EQR) Shares Bought by Amalgamated Bank (americanbankingnews.com)
- Equity Residential (EQR) Given a $62.00 Price Target by Robert W. Baird Analysts (americanbankingnews.com)
- Altisource Residential (RESI) vs. Equity Residential (EQR) Financial Survey (americanbankingnews.com)
Shares of Equity Residential (NYSE:EQR) traded down $0.35 during trading hours on Friday, hitting $55.96. 2,090,000 shares of the company were exchanged, compared to its average volume of 2,550,000. Equity Residential has a fifty-two week low of $54.97 and a fifty-two week high of $70.46. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $20,590.00, a price-to-earnings ratio of 34.33, a price-to-earnings-growth ratio of 2.93 and a beta of 0.42.
Several equities research analysts have weighed in on the stock. Robert W. Baird reiterated a “hold” rating and issued a $70.00 target price on shares of Equity Residential in a report on Friday, November 10th. Mizuho upgraded shares of Equity Residential from a “neutral” rating to a “buy” rating and set a $76.00 target price on the stock in a report on Monday, November 6th. BMO Capital Markets reiterated a “hold” rating and issued a $69.00 target price on shares of Equity Residential in a report on Monday, November 27th. Zacks Investment Research lowered shares of Equity Residential from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Finally, Stifel Nicolaus cut their target price on shares of Equity Residential from $64.00 to $60.00 and set a “hold” rating on the stock in a report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. Equity Residential has an average rating of “Hold” and a consensus price target of $67.06.
In related news, insider Ian Kaufman sold 684 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $58.18, for a total value of $39,795.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Scott Fenster sold 449 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $58.18, for a total transaction of $26,122.82. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,077 shares of company stock valued at $819,000. 3.79% of the stock is owned by insiders.
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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