A Look at Five Stocks Trending on M&A News, Earnings

Equity Residential Whiffs

Equity Residential (NYSE:EQR) is in the spotlight after the REIT reported FFO of $0.90 per share for the second quarter on revenue of $594.94 million. Although FFO for the time period was flat from one year ago, traders nevertheless sent the stock lower as the company warned that slowing growth of higher paying jobs in New York and San Francisco has created headwinds that will likely reduce revenue growth in the future. Management sees FFO per share of $2.96 to $3.02 for the full year, down from the previous range of $2.96 to $3.06. The number of investors from our database with holdings in Equity Residential (NYSE:EQR) rose by one quarter-over-quarter to 20 at the end of March.

Horizon Bancorp Reports Earnings

Horizon Bancorp (NASDAQ:HBNC) earned $0.57 per share on sales of $30.74 million in the second quarter, beating the average analyst estimates by $0.02 and $1.07 million, respectively. Total loans rose by 8.1% on an annualized basis, while core net interest margin came in at 3.42% versus 3.51% for the same period of 2015. Tangible book value rose to $17.17 per share from $17.06 a year earlier. Among the investors we track, Jim Simons’ Renaissance Technologies owned 140,150 shares of Horizon Bancorp (NASDAQ:HBNC) at the end of the first quarter.

Disclosure: none