Cheniere Energy (LNG) had a weak start to the month. To date, it’s fallen 1.1% in July 2017. At the same time, the Alerian MLP ETF has risen 0.7% YTD (year-to-date).
Analysts covering EQR have given the company a mean price target of $66.20, implying a 1.1% rise from its current level of $65.46.
Equity Residential (EQR) is expected to experience slightly lower margins, mainly due to the higher cost of debt.
Equity Residential’s current price-to-FFO multiple is 21.01x. Its higher multiple shows that the stock has provided a consistent capital value return.
Equity Residential (EQR) is expected to report flat year-over-year top-line and bottom-line results in 2Q17.
According to Wall Street analysts, Equity Residential (EQR) is expected to report a net operating income (or NOI) of $410.1 million in 2Q17.
Wall Street expects Equity Residential (EQR) to report adjusted FFO (funds from operations) of $0.76 and revenue of $608.5 million for 2Q17.
Analysts expect Equity Residential (EQR) to report revenue of $608.5 million for 2Q17 when it releases its results on July 25, 2017.
Ramped-up new apartment supply pressured new leases in 1Q17, resulting in a fall of the lease-over-lease growth in the quarter.
Equity Residential (EQR) is scheduled to report its fiscal 2Q17 earnings on July 25, 2017. Analysts expect it to report adjusted FFO per diluted share of $0.76.
Plains All American Pipeline (PAA) is down 17% year-to-date. The stock gained 1.8% last week on crude oil gains.
On July 13, 2017, Stifel started coverage on Energy Transfer Equity (ETE) with a “buy” rating. Stifel has given a price target of $20 for ETE.
The benchmark index for energy MLPs—the Alerian MLP Index (^AMZ)—was up 1.9% for the week ended July 14, 2017.
The US Dollar Index fell last week to the lowest levels in ten months. In the early hours on Monday, the US Dollar Index is trading with weakness.
Bond yields were all over the place during US Federal Reserve Chair Janet Yellen’s testimony to the Congress.
The US dollar appears to have received a lifeline after US Federal Reserve Chair Janet Yellen’s most recent testimony to US Congress.
In her recent testimony to Congress, Fed Chair Janet Yellen affirmed the view that inflation is expected to stabilize near its target of 2%.
Yellen’s financial outlook remained upbeat, but she pointed to the availability of substantial amounts of capital and liquidity in the banking system as potential vulnerabilities.
The US GDP growth rate in 1Q17 dropped to 1.4%, causing some concern for policy makers.
Despite the strong growth in employment numbers, the Fed’s latest monetary policy report had some comments about slow wage growth.