The stock of Equity Residential Properties Trust (EQR) has gone down by -3.48% for the week, with a -2.04% drop in the past month and a 1.41% rise in the past quarter. The volatility ratio for the week is 2.78%, and the volatility levels for the past 30 days are 1.79% for EQR. The simple moving average for the last 20 days is -2.83% for EQR stock, with a simple moving average of 5.73% 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 higher price-to-earnings ratio of 29.88x compared to its average ratio, The 36-month beta value for EQR is at 0.92. 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.”
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The public float for EQR is 377.44M, and currently, shorts hold a 1.57% of that float. The average trading volume for EQR on November 07, 2024 was 1.58M shares.
EQR) stock’s latest price update
The stock price of Equity Residential Properties Trust (NYSE: EQR) has plunged by -0.90 when compared to previous closing price of 72.03, but the company has seen a -3.48% decline in its stock price over the last five trading sessions. cnbc.com reported 2024-11-02 that More companies are talking publicly with investors about the presidential election than in recent cycles.
Analysts’ Opinion of EQR
Many brokerage firms have already submitted their reports for EQR stocks, with BofA Securities repeating the rating for EQR by listing it as a “Neutral.” The predicted price for EQR in the upcoming period, according to BofA Securities is $82 based on the research report published on September 24, 2024 of the current year 2024.
Exane BNP Paribas, on the other hand, stated in their research note that they expect to see EQR reach a price target of $83. The rating they have provided for EQR stocks is “Outperform” according to the report published on September 11th, 2024.
Deutsche Bank gave a rating of “Buy” to EQR, setting the target price at $83 in the report published on September 10th of the current year.
EQR Trading at -4.24% 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 -9.46% of loss for the given period.
Volatility was left at 1.79%, however, over the last 30 days, the volatility rate increased by 2.78%, as shares sank -1.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.81% lower at present.
During the last 5 trading sessions, EQR fell by -3.48%, which changed the moving average for the period of 200-days by +19.91% in comparison to the 20-day moving average, which settled at $73.46. In addition, Equity Residential Properties Trust saw 16.71% 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 Carraway Catherine, who sale 1,000 shares at the price of $74.20 back on Aug 28 ’24. After this action, Carraway Catherine now owns 10,379 shares of Equity Residential Properties Trust, valued at $74,200 using the latest closing price.
Carraway Catherine, the Officer of Equity Residential Properties Trust, proposed sale 1,000 shares at $74.20 during a trade that took place back on Aug 28 ’24, which means that Carraway Catherine is holding shares at $74,204 based on the most recent closing price.
Stock Fundamentals for EQR
Current profitability levels for the company are sitting at:
- -0.0 for the present operating margin
- -0.21 for the gross margin
The net margin for Equity Residential Properties Trust stands at 0.36. The total capital return value is set at -0.0. Equity return is now at value 8.47, with 4.52 for asset returns.
Based on Equity Residential Properties Trust (EQR), the company’s capital structure generated 0.44 points at debt to capital in total, while cash flow to debt ratio is standing at 0.19. The debt to equity ratio resting at 0.77. The interest coverage ratio of the stock is -0.03.
Currently, EBITDA for the company is 1.79 billion with net debt to EBITDA at 6.19. When we switch over and look at the enterprise to sales, we see a ratio of 16.2. The receivables turnover for the company is 160.78for trailing twelve months and the total asset turnover is 0.1.
Conclusion
In conclusion, Equity Residential Properties Trust (EQR) has had a mixed performance lately. Opinion on the stock among analysts is bearish, with some giving it a “sell” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
