News articles about Equity Residential (NYSE:EQR) have trended somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Equity Residential earned a coverage optimism score of 0.07 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 46.0003272505884 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment’s analysis:
EQR has been the topic of a number of analyst reports. BidaskClub downgraded shares of Equity Residential from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. UBS AG downgraded shares of Equity Residential from a “buy” rating to a “neutral” rating and set a $68.00 target price on the stock. in a report on Thursday, July 6th. Jefferies Group LLC restated a “hold” rating and set a $67.00 target price on shares of Equity Residential in a report on Monday, July 17th. Zacks Investment Research upgraded shares of Equity Residential from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a report on Tuesday, July 18th. Finally, Royal Bank Of Canada restated a “hold” rating on shares of Equity Residential in a report on Monday, July 31st. One 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 has a consensus rating of “Hold” and a consensus target price of $68.36.
Equity Residential (NYSE EQR) opened at 67.65 on Friday. The company has a 50 day moving average of $66.71 and a 200 day moving average of $66.32. The company has a market capitalization of $24.85 billion, a PE ratio of 30.27 and a beta of 0.37. Equity Residential has a 1-year low of $58.28 and a 1-year high of $68.83.
Equity Residential (NYSE:EQR) last released its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.77 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.77. The firm had revenue of $612.48 million during the quarter, compared to analyst estimates of $609.37 million. Equity Residential had a return on equity of 7.22% and a net margin of 30.88%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.76 earnings per share. On average, analysts predict that Equity Residential will post $1.49 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Monday, September 25th were paid a $0.5038 dividend. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend was Friday, September 22nd. Equity Residential’s dividend payout ratio (DPR) is 99.02%.
In other news, CEO David J. Neithercut sold 75,000 shares of the company’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $68.10, for a total value of $5,107,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David S. Santee sold 10,967 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $67.93, for a total value of $744,988.31. The disclosure for this sale can be found here. In the last ninety days, insiders sold 173,622 shares of company stock valued at $11,816,599. Corporate 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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