News coverage about Equity Residential (NYSE:EQR) has been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news 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 0.15 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 45.842410812093 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- Equity Residential (EQR) and Equity Lifestyle Properties (ELS) Critical Analysis (americanbankingnews.com)
- $631.18 Million in Sales Expected for Equity Residential (EQR) This Quarter (americanbankingnews.com)
- $0.78 Earnings Per Share Expected for Equity Residential (EQR) This Quarter (americanbankingnews.com)
- How To Retire With Dividend Stocks And Recession Fears (seekingalpha.com)
- Signals from Technical Perspective – Equity Residential (NYSE: EQR) – Alpha Beta Stock (alphabetastock.com)
EQR has been the subject of a number of recent research reports. BMO Capital Markets reissued a “hold” rating and set a $69.00 price target on shares of Equity Residential in a research report on Monday, November 27th. SunTrust Banks set a $69.00 price target on shares of Equity Residential and gave the stock a “buy” rating in a research report on Monday, January 22nd. Cantor Fitzgerald set a $66.00 price target on shares of Equity Residential and gave the stock a “hold” rating in a research report on Monday, February 5th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $66.00 price target (down from $69.00) on shares of Equity Residential in a research report on Wednesday, February 21st. Finally, Stifel Nicolaus reduced their price target on shares of Equity Residential from $64.00 to $60.00 and set a “hold” rating for the company in a research report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. Equity Residential currently has an average rating of “Hold” and a consensus price target of $67.06.
Equity Residential (NYSE:EQR) last posted its earnings results on Tuesday, January 30th. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.47). The firm had revenue of $630.50 million for the quarter, compared to analysts’ expectations of $625.83 million. Equity Residential had a net margin of 24.39% and a return on equity of 5.76%. Equity Residential’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $0.79 earnings per share. equities research analysts forecast that Equity Residential will post 3.22 EPS for the current year.
In related news, EVP Scott Fenster sold 449 shares of Equity Residential stock in a transaction on Wednesday, February 7th. The shares were 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 at this link. Also, insider Ian Kaufman sold 684 shares of Equity Residential stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $58.18, for a total transaction of $39,795.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,077 shares of company stock valued at $819,000. Insiders own 3.79% of the company’s stock.
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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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