In the past week, EQR stock has gone down by -4.05%, with a monthly decline of -3.16% and a quarterly surge of 0.35%. The volatility ratio for the week is 2.38%, and the volatility levels for the last 30 days are 1.81% for Equity Residential Properties Trust The simple moving average for the past 20 days is -2.71% for EQR’s stock, with a -1.27% simple moving average for the past 200 days.
Is It Worth Investing in Equity Residential Properties Trust (NYSE: EQR) Right Now?
Equity Residential Properties Trust (NYSE: EQR) has a higher price-to-earnings ratio of 27.80x compared to its average ratio. EQR has 36-month beta value of 0.86. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 17 as “hold,” and 3 as “sell.”
The public float for EQR is 372.49M, and currently, short sellers hold a 1.47% ratio of that float. The average trading volume of EQR on April 18, 2024 was 2.09M shares.
EQR) stock’s latest price update
Equity Residential Properties Trust (NYSE: EQR)’s stock price has increased by 1.22 compared to its previous closing price of 59.68. However, the company has seen a -4.05% decrease in its stock price over the last five trading sessions. MarketBeat reported 2024-04-10 that Stocks never really stay put. Every once in a small timeframe cycle, they tend to jump and have little ‘hiccups’.
Analysts’ Opinion of EQR
Goldman, on the other hand, stated in their research note that they expect to see EQR reach a price target of $70. The rating they have provided for EQR stocks is “Buy” according to the report published on February 22nd, 2024.
Deutsche Bank gave a rating of “Hold” to EQR, setting the target price at $64 in the report published on January 30th of the current year.
EQR Trading at -1.42% from the 50-Day Moving Average
After a stumble in the market that brought EQR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.02% of loss for the given period.
Volatility was left at 1.81%, however, over the last 30 days, the volatility rate increased by 2.38%, as shares sank -2.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.25% upper at present.
During the last 5 trading sessions, EQR fell by -4.05%, which changed the moving average for the period of 200-days by -8.43% in comparison to the 20-day moving average, which settled at $62.00. In addition, Equity Residential Properties Trust saw -1.23% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at EQR starting from Garechana Robert, who sale 876 shares at the price of $57.80 back on Feb 13 ’24. After this action, Garechana Robert now owns 20,933 shares of Equity Residential Properties Trust, valued at $50,633 using the latest closing price.
Fenster Scott, the EVP & General Counsel of Equity Residential Properties Trust, sale 829 shares at $57.80 during a trade that took place back on Feb 13 ’24, which means that Fenster Scott is holding 35,464 shares at $47,916 based on the most recent closing price.
Stock Fundamentals for EQR
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.33 for the gross margin
The net margin for Equity Residential Properties Trust stands at 0.29. The total capital return value is set at 0.01. Equity return is now at value 7.51, with 4.15 for asset returns.
Based on Equity Residential Properties Trust (EQR), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 0.67. The interest coverage ratio of the stock is 0.8.
Currently, EBITDA for the company is 1.79 billion with net debt to EBITDA at 4.38. When we switch over and look at the enterprise to sales, we see a ratio of 10.61. The receivables turnover for the company is 194.61for trailing twelve months and the total asset turnover is 0.14.
Conclusion
To put it simply, Equity Residential Properties Trust (EQR) has had a bad performance in recent times. Analysts have a bearish opinion on the stock, with some rating it as a “sell” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
