News headlines about Equity Residential (NYSE:EQR) have been trending somewhat positive on Friday, Alpha One Sentiment Analysis reports. The research firm, a subsidiary of Accern, ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Alpha One 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 media sentiment score of 0.08 on Alpha One’s scale. Alpha One also gave media headlines about the real estate investment trust an impact score of 55 out of 100, meaning that recent news coverage is somewhat likely to have an impact on the stock’s share price in the near future.
Here are some of the news stories that may have effected Alpha One Sentiment’s analysis:
- Capital One Financial Corp. Weighs in on Equity Residential’s Q1 2018 Earnings (EQR) (americanbankingnews.com)
- New Public Park Unveiled In Potrero Hill (hoodline.com)
- Equity Residential : quaterly earnings release (4-traders.com)
- Will Equity Residential (EQR) Disappoint in Q1 Earnings? (finance.yahoo.com)
- American Homes 4 Rent : Announces Pricing of Public Offering of 5.875% Series F Preferred Shares (4-traders.com)
Equity Residential (NYSE:EQR) traded down 0.19% during midday trading on Friday, reaching $64.28. The company’s stock had a trading volume of 1,797,650 shares. Equity Residential has a one year low of $58.28 and a one year high of $73.05. The stock’s 50 day moving average price is $62.98 and its 200-day moving average price is $62.11. The stock has a market cap of $23.60 billion, a price-to-earnings ratio of 5.50 and a beta of 0.32.
Equity Residential (NYSE:EQR) last released its quarterly earnings data on Tuesday, January 31st. The real estate investment trust reported $0.79 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.79. The company earned $605.50 million during the quarter, compared to the consensus estimate of $605.84 million. Equity Residential had a net margin of 176.91% and a return on equity of 40.11%. Equity Residential’s quarterly revenue was down 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.93 EPS. On average, analysts forecast that Equity Residential will post $1.27 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 17th. Shareholders of record on Monday, March 27th were issued a $0.5038 dividend. The ex-dividend date was Thursday, March 23rd. This represents a $2.02 dividend on an annualized basis and a yield of 3.13%. Equity Residential’s payout ratio is 17.32%.
A number of equities analysts recently commented on EQR shares. Barclays PLC reaffirmed an “equal weight” rating and issued a $64.00 target price (up from $62.00) on shares of Equity Residential in a report on Wednesday. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $63.00 target price on shares of Equity Residential in a report on Wednesday, February 15th. Zacks Investment Research raised Equity Residential from a “sell” rating to a “hold” rating in a report on Tuesday, March 28th. Finally, Evercore ISI raised their target price on Equity Residential from $62.00 to $63.00 and gave the stock an “underperform” rating in a report on Wednesday. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. Equity Residential currently has an average rating of “Hold” and an average target price of $67.25.
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In other Equity Residential news, insider David S. Santee sold 5,633 shares of the stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $60.46, for a total value of $340,571.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael L. Manelis sold 1,500 shares of the stock in a transaction dated Thursday, February 9th. The shares were sold at an average price of $61.35, for a total transaction of $92,025.00. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by corporate insiders.
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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