Equity Residential Properties Trust (NYSE: EQR) has a higher price-to-earnings ratio of 28.34x compared to its average ratio, The 36-month beta value for EQR is at 0.89. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 17 as “hold,” and 3 as “sell.”
The public float for EQR is 371.61M, and currently, shorts hold a 1.44% of that float. The average trading volume for EQR on July 04, 2024 was 1.84M shares.
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EQR) stock’s latest price update
The stock of Equity Residential Properties Trust (NYSE: EQR) has decreased by -0.78 when compared to last closing price of 68.20.Despite this, the company has seen a loss of -0.51% in its stock price over the last five trading days. businesswire.com reported 2024-07-02 that CHICAGO–(BUSINESS WIRE)–Equity Residential (NYSE: EQR) today announced that the Company will release its second quarter 2024 operating results on Monday, July 29, 2024 after the close of market and host a conference call to discuss those results on Tuesday, July 30, 2024 at 10:00 a.m. Central. The conference call will be available via web cast on the Investor section of www.equityapartments.com. About Equity Residential Equity Residential is committed to creating communities where people thri.
EQR’s Market Performance
EQR’s stock has fallen by -0.51% in the past week, with a monthly rise of 3.44% and a quarterly rise of 10.18%. The volatility ratio for the week is 1.28% while the volatility levels for the last 30 days are 1.45% for Equity Residential Properties Trust The simple moving average for the last 20 days is 0.81% for EQR’s stock, with a simple moving average of 10.40% for the last 200 days.
Analysts’ Opinion of EQR
Many brokerage firms have already submitted their reports for EQR stocks, with Piper Sandler repeating the rating for EQR by listing it as a “Overweight.” The predicted price for EQR in the upcoming period, according to Piper Sandler is $80 based on the research report published on June 28, 2024 of the current year 2024.
Evercore ISI, 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 “In-line” according to the report published on May 13th, 2024.
BMO Capital Markets gave a rating of “Outperform” to EQR, setting the target price at $70 in the report published on April 22nd of the current year.
EQR Trading at 2.21% 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 -2.84% of loss for the given period.
Volatility was left at 1.45%, however, over the last 30 days, the volatility rate increased by 1.28%, as shares surge +2.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.91% upper at present.
During the last 5 trading sessions, EQR fell by -0.78%, which changed the moving average for the period of 200-days by +6.86% in comparison to the 20-day moving average, which settled at $67.22. In addition, Equity Residential Properties Trust saw 10.64% 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 6,357 shares at the price of $69.08 back on Jun 24 ’24. After this action, Garechana Robert now owns 14,576 shares of Equity Residential Properties Trust, valued at $439,142 using the latest closing price.
BYNOE LINDA, the Director of Equity Residential Properties Trust, sale 3,241 shares at $64.23 during a trade that took place back on May 31 ’24, which means that BYNOE LINDA is holding 20,112 shares at $208,169 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 11.4. The receivables turnover for the company is 203.76for trailing twelve months and the total asset turnover is 0.15.
Conclusion
In conclusion, Equity Residential Properties Trust (EQR) has had a better performance lately. Opinion on the stock among analysts is bearish, with some giving it a “sell” rating and others 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.
