The price-to-earnings ratio for Equity Residential Properties Trust (NYSE: EQR) is above average at 27.93x. The 36-month beta value for EQR is also noteworthy at 0.87. 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 371.57M, and at present, short sellers hold a 1.50% of that float. The average trading volume of EQR on May 08, 2024 was 1.96M shares.
EQR) stock’s latest price update
Equity Residential Properties Trust (NYSE: EQR)’s stock price has decreased by -0.03 compared to its previous closing price of 66.72. However, the company has seen a 3.57% increase in its stock price over the last five trading sessions. Seeking Alpha reported 2024-05-02 that The spread between apartment REIT cap rates and the US 10-year treasury is narrower than usual, signalling downward pressure for the stock price of Equity Residential. The current macroeconomic environment has directly increased the cost to finance acquisitions for EQR. Unsurprisingly, EQR did not make any acquisitions in Q1. Employing an enterprise perspective, EQR is trading at a cap rate that is below its cost of capital. Investors should wait until conditions rebalance and the spread is positive.
EQR’s Market Performance
EQR’s stock has risen by 3.57% in the past week, with a monthly rise of 4.55% and a quarterly rise of 12.71%. The volatility ratio for the week is 1.81% while the volatility levels for the last 30 days are 1.92% for Equity Residential Properties Trust The simple moving average for the past 20 days is 5.26% for EQR’s stock, with a 9.44% simple moving average for the past 200 days.
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 6.68% 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 -3.96% of loss for the given period.
Volatility was left at 1.92%, however, over the last 30 days, the volatility rate increased by 1.81%, as shares surge +3.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.40% upper at present.
During the last 5 trading sessions, EQR rose by +3.57%, which changed the moving average for the period of 200-days by -3.42% in comparison to the 20-day moving average, which settled at $63.48. In addition, Equity Residential Properties Trust saw 9.06% 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 HABEN MARY KAY, who sale 3,241 shares at the price of $65.48 back on Apr 26 ’24. After this action, HABEN MARY KAY now owns 9,720 shares of Equity Residential Properties Trust, valued at $212,221 using the latest closing price.
Brackenridge Alexander, the Executive Vice President & CIO of Equity Residential Properties Trust, sale 4,027 shares at $65.01 during a trade that took place back on Apr 24 ’24, which means that Brackenridge Alexander is holding 69,901 shares at $261,795 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 0.4 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 0.88.
Currently, EBITDA for the company is 1.79 billion with net debt to EBITDA at 4.2. When we switch over and look at the enterprise to sales, we see a ratio of 11.3. The receivables turnover for the company is 203.76for trailing twelve months and the total asset turnover is 0.15.
Conclusion
In summary, Equity Residential Properties Trust (EQR) has had a better performance as of late. Analysts have bearish opinions on the stock, with some viewing 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.
