Media headlines about Equity Residential (NYSE:EQR) have trended somewhat positive on Sunday, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Equity Residential earned a news impact score of 0.19 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 46.4653267683182 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
EQR has been the subject of several research analyst reports. Edward Jones upgraded shares of Equity Residential from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th. JPMorgan Chase reiterated a “neutral” rating and issued a $66.00 target price (down from $69.00) on shares of Equity Residential in a research note on Wednesday, February 21st. Robert W. Baird restated a “hold” rating and issued a $65.00 price target on shares of Equity Residential in a research report on Tuesday, January 9th. BMO Capital Markets set a $61.00 price objective on shares of Equity Residential and gave the stock a “hold” rating in a report on Friday, March 2nd. Finally, Zacks Investment Research downgraded shares of Equity Residential from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $66.82.
Shares of EQR stock traded down $0.24 during trading hours on Friday, hitting $63.05. 2,491,784 shares of the company were exchanged, compared to its average volume of 3,079,027. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.86. Equity Residential has a fifty-two week low of $54.97 and a fifty-two week high of $70.46. The company has a market cap of $23,213.12, a price-to-earnings ratio of 20.14, a price-to-earnings-growth ratio of 3.29 and a beta of 0.34.
Equity Residential (NYSE:EQR) last released its earnings results on Tuesday, January 30th. The real estate investment trust reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.47). The business had revenue of $630.50 million for the quarter, compared to the consensus estimate of $625.83 million. Equity Residential had a return on equity of 5.76% and a net margin of 24.39%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.79 earnings per share. analysts anticipate that Equity Residential will post 3.22 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Monday, March 26th will be given a $0.54 dividend. This is an increase from Equity Residential’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, March 23rd. This represents a $2.16 dividend on an annualized basis and a yield of 3.43%. Equity Residential’s payout ratio is presently 69.01%.
In other news, EVP Scott Fenster sold 449 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $58.18, for a total value of $26,122.82. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Mark J. Parrell sold 7,355 shares of the company’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 $427,913.90. The disclosure for this sale can be found here. Insiders sold 14,077 shares of company stock valued at $819,000 in the last quarter. Corporate insiders own 3.79% of the company’s stock.
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Equity Residential Company Profile
Equity Residential is an S&P 500 company focused on the acquisition, development and management of rental apartment properties in urban and high-density suburban coastal gateway markets where today's renters want to live, work and play. Equity Residential owns or has investments in 305 properties consisting of 78,611 apartment units, primarily located in Boston, New York, Washington, DC, Seattle, San Francisco and Southern California.
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