The stock of Equity Residential Properties Trust (EQR) has gone up by 3.10% for the week, with a -1.43% drop in the past month and a 3.71% rise in the past quarter. The volatility ratio for the week is 1.76%, and the volatility levels for the past 30 days are 1.80% for EQR. The simple moving average for the past 20 days is 1.17% for EQR’s stock, with a 2.35% 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 price-to-earnings ratio that is above its average at 28.78x. The stock has a 36-month beta value of 0.84. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 2 as “overweight,” 17 as “hold,” and 3 as “sell.”
The public float for EQR is 371.88M, and at present, short sellers hold a 1.47% of that float. On April 23, 2024, the average trading volume of EQR was 2.07M shares.
EQR) stock’s latest price update
The stock price of Equity Residential Properties Trust (NYSE: EQR) has surged by 1.62 when compared to previous closing price of 61.54, but the company has seen a 3.10% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-19 that Equity Residential’s (EQR) Q1 results are likely to benefit from its portfolio diversification efforts and technology investments amid healthy demand, though high supply is likely to have played a spoilsport.
Analysts’ Opinion of EQR
Goldman gave a rating of “Buy” to EQR, setting the target price at $70 in the report published on February 22nd of the current year.
EQR Trading at 1.84% 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 -9.95% of loss for the given period.
Volatility was left at 1.80%, however, over the last 30 days, the volatility rate increased by 1.76%, as shares surge +0.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.64% upper at present.
During the last 5 trading sessions, EQR rose by +3.10%, which changed the moving average for the period of 200-days by -6.71% in comparison to the 20-day moving average, which settled at $61.84. In addition, Equity Residential Properties Trust saw 2.26% in overturn over a single year, with a tendency to cut further gains.
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 10.87. The receivables turnover for the company is 194.61for trailing twelve months and the total asset turnover is 0.14.
Conclusion
To sum up, Equity Residential Properties Trust (EQR) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “sell” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
