The stock of Equity Residential Properties Trust (EQR) has seen a 4.41% increase in the past week, with a 3.47% gain in the past month, and a 9.78% flourish in the past quarter. The volatility ratio for the week is 2.27%, and the volatility levels for the past 30 days are at 2.01% for EQR. The simple moving average for the last 20 days is 4.81% for EQR’s stock, with a simple moving average of 7.00% for the last 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 of 27.39x that is above its average ratio. Additionally, the 36-month beta value for EQR is 0.84. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 17 rating it as “hold,” and 3 rating it as “sell.”
The public float for EQR is 371.88M and currently, short sellers hold a 1.50% ratio of that float. The average trading volume of EQR on April 30, 2024 was 2.08M shares.
EQR) stock’s latest price update
The stock price of Equity Residential Properties Trust (NYSE: EQR) has jumped by 0.25 compared to previous close of 65.14. Despite this, the company has seen a gain of 4.41% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-28 that U.S. equity markets rebounded from their worst weekly decline in a year despite a continued uplift in benchmark interest rates, as a solid start to earnings season counteracted disappointing economic data. Ahead of the Fed’s policy meeting in the week ahead, markets were confounded – albeit temporarily – by a “jarring” GDP report that showed a return of “stagflationary” trends. Defying the macro headwinds to post its best week since November, the S&P 500 rallied 2.8% on the week – erasing essentially all of its declines in the prior week.
Analysts’ Opinion of EQR
Many brokerage firms have already submitted their reports for EQR stocks, with BMO Capital Markets repeating the rating for EQR by listing it as a “Outperform.” The predicted price for EQR in the upcoming period, according to BMO Capital Markets is $70 based on the research report published on April 22, 2024 of the current year 2024.
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 5.44% 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 -5.98% of loss for the given period.
Volatility was left at 2.01%, however, over the last 30 days, the volatility rate increased by 2.27%, as shares surge +6.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.20% upper at present.
During the last 5 trading sessions, EQR rose by +4.41%, which changed the moving average for the period of 200-days by -4.00% in comparison to the 20-day moving average, which settled at $62.49. In addition, Equity Residential Properties Trust saw 6.77% 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
- 0.25 for the gross margin
The net margin for Equity Residential Properties Trust stands at 0.32. The total capital return value is set at 0.01. Equity return is now at value 8.28, with 4.60 for asset returns.
Based on Equity Residential Properties Trust (EQR), the company’s capital structure generated 0.34 points at debt to capital in total, while cash flow to debt ratio is standing at 0.3. The debt to equity ratio resting at 0.5. The interest coverage ratio of the stock is 1.12.
Currently, EBITDA for the company is 1.79 billion with net debt to EBITDA at 3.3. When we switch over and look at the enterprise to sales, we see a ratio of 10.52. The receivables turnover for the company is 216.69for trailing twelve months and the total asset turnover is 0.15.
Conclusion
In conclusion, Equity Residential Properties Trust (EQR) has seen better performance in recent times. Analysts have a bearish opinion on the stock, with some rating it as a “sell” and others rating it 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.
