The price-to-earnings ratio for Equity Residential Properties Trust (NYSE: EQR) is above average at 28.26x. The 36-month beta value for EQR is also noteworthy at 0.88. 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 371.61M, and at present, short sellers hold a 1.47% of that float. The average trading volume of EQR on July 30, 2024 was 1.68M shares.
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EQR) stock’s latest price update
Equity Residential Properties Trust (NYSE: EQR) has experienced a decline in its stock price by -1.84 compared to its previous closing price of 71.29. However, the company has seen a fall of -1.24% in its stock price over the last five trading days. zacks.com reported 2024-07-30 that Equity Residential’s (EQR) Q2 FFO tops estimates. Results reflect strong demand and expense efficiency.
EQR’s Market Performance
Equity Residential Properties Trust (EQR) has seen a -1.24% fall in stock performance for the week, with a 0.92% gain in the past month and a 7.17% surge in the past quarter. The volatility ratio for the week is 2.25%, and the volatility levels for the past 30 days are at 1.81% for EQR. The simple moving average for the past 20 days is 1.37% for EQR’s stock, with a 12.62% simple moving average for the past 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 3.70% 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 -2.50% of loss for the given period.
Volatility was left at 1.81%, however, over the last 30 days, the volatility rate increased by 2.25%, as shares surge +2.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.59% upper at present.
During the last 5 trading sessions, EQR fell by -0.97%, which changed the moving average for the period of 200-days by +15.53% in comparison to the 20-day moving average, which settled at $69.14. In addition, Equity Residential Properties Trust saw 14.42% 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:
- 0.2 for the present operating margin
- 0.29 for the gross margin
The net margin for Equity Residential Properties Trust stands at 0.33. The total capital return value is set at 0.03. Equity return is now at value 8.70, with 4.80 for asset returns.
Currently, EBITDA for the company is 1.79 billion with net debt to EBITDA at -0.02. When we switch over and look at the enterprise to sales, we see a ratio of 9.06.
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.
