Media stories about Equity Residential (NYSE:EQR) have been trending somewhat positive on Monday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty 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 media sentiment score of 0.15 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 45.842410812093 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Equity Residential (EQR) Upgraded to “Buy” by UBS (americanbankingnews.com)
- Should Analyst help in decision?: Equity Residential (EQR) – Nasdaq Chronicle (nasdaqchronicle.com)
- Equity Residential (EQR) Announces 7.2% Hike in Dividend – Nasdaq (nasdaq.com)
- Equity Residential (EQR) Raises Dividend to $0.54 Per Share (americanbankingnews.com)
A number of equities analysts have recently commented on EQR shares. Edward Jones upgraded Equity Residential from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. 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. Robert W. Baird restated a “hold” rating and set a $65.00 price objective on shares of Equity Residential in a report on Tuesday, January 9th. UBS upgraded Equity Residential from a “neutral” rating to a “buy” rating and set a $69.00 price objective for the company in a report on Monday. Finally, Mizuho set a $67.00 price objective on Equity Residential and gave the company a “buy” rating in a report on Friday, February 9th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $67.13.
Equity Residential (NYSE:EQR) last posted its quarterly earnings results on Tuesday, January 30th. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.47). Equity Residential had a net margin of 24.39% and a return on equity of 5.76%. The firm had revenue of $630.50 million for the quarter, compared to analysts’ expectations of $625.83 million. During the same quarter in the previous year, the firm posted $0.79 EPS. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. analysts expect that Equity Residential will post 3.22 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Monday, March 26th will be paid a $0.54 dividend. This is an increase from Equity Residential’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, March 23rd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.58%. Equity Residential’s dividend payout ratio is presently 123.93%.
In related news, insider Ian Kaufman sold 684 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $58.18, for a total value of $39,795.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mark J. Parrell sold 7,355 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was 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 worth $819,000 in the last 90 days. Company 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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