News articles about Equity Residential (NYSE:EQR) have trended somewhat positive on Friday, according to Accern. The research group identifies negative and positive 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 -1 to 1, with scores nearest to one being the most favorable. Equity Residential earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 47.3707765832138 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Why You Should Hold on to Equity Residential Stock Now (finance.yahoo.com)
- Existing Home Sales: Strongest Pace in 11 Years (finance.yahoo.com)
- Rising Interest Rates: A Boon or a Bane for REITs? (finance.yahoo.com)
- Investors watching summary on Equity Residential (EQR) – Wall Street Morning (wallstreetmorning.com)
- Read This Before Buying Equity Residential (NYSE:EQR) For Its Upcoming $0.5 Dividend (finance.yahoo.com)
Equity Residential (NYSE:EQR) traded up $0.17 during trading hours on Friday, reaching $64.25. 1,765,500 shares of the company’s stock were exchanged, compared to its average volume of 1,697,791. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 0.24. Equity Residential has a fifty-two week low of $59.49 and a fifty-two week high of $70.46. The company has a market cap of $23,610.00, a P/E ratio of 22.16, a PEG ratio of 3.24 and a beta of 0.36.
Several brokerages recently weighed in on EQR. 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. Robert W. Baird reissued a “hold” rating and set a $70.00 price target on shares of Equity Residential in a research report on Friday, November 10th. Mizuho raised shares of Equity Residential from a “neutral” rating to a “buy” rating and set a $76.00 price target for the company in a research report on Monday, November 6th. Stifel Nicolaus reduced their price target on shares of Equity Residential from $71.00 to $68.00 and set a “hold” rating for the company in a research report on Friday, October 27th. Finally, TheStreet downgraded shares of Equity Residential from a “b” rating to a “c+” rating in a research report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. Equity Residential presently has a consensus rating of “Hold” and a consensus target price of $69.47.
In other news, CEO David J. Neithercut sold 100,000 shares of Equity Residential stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $70.17, for a total transaction of $7,017,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Alexander Brackenridge sold 6,497 shares of Equity Residential stock in a transaction on Friday, November 10th. The stock was sold at an average price of $69.41, for a total transaction of $450,956.77. The disclosure for this sale can be found here. In the last ninety days, insiders sold 402,380 shares of company stock valued at $27,663,622. 3.79% of the stock is currently owned by insiders.
WARNING: This story was originally reported by Community Financial News and is owned by of Community Financial News. If you are viewing this story on another website, it was stolen and republished in violation of United States & international copyright and trademark law. The legal version of this story can be read at https://www.com-unik.info/2017/12/29/equity-residential-eqr-receiving-somewhat-positive-press-coverage-study-shows.html.
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.
Receive News & Ratings for Equity Residential Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity Residential and related companies with MarketBeat.com's FREE daily email newsletter.