The stock price of Equity Residential Properties Trust (NYSE: EQR) has jumped by 2.18 compared to previous close of 73.05. Despite this, the company has seen a gain of 4.57% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-07 that Long-term bond yields continue to rise. But investors looking for income can still find plenty of attractive opportunities with dividend-paying stocks that have healthy yields. “23 stocks pay huge dividends. They should be a better bet than treasuries.” —Barron’s Weekly. In an interview with Barron’s, Steven Wieting, strategist at Citi Wealth, stated a growing dividend is a shareholder benefit and a hallmark of strong balance-sheets. “Nobody can fake a dividend,” he-said.
Is It Worth Investing in Equity Residential Properties Trust (NYSE: EQR) Right Now?
The price-to-earnings ratio for Equity Residential Properties Trust (NYSE: EQR) is 31.25x, which is above its average ratio. Moreover, the 36-month beta value for EQR is 0.92. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 17 as “hold,” and 3 as “sell.”
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The public float for EQR is 377.73M and currently, short sellers hold a 1.25% of that float. On November 14, 2024, EQR’s average trading volume was 1.55M shares.
EQR’s Market Performance
EQR stock saw an increase of 4.57% in the past week, with a monthly gain of 0.92% and a quarterly increase of 4.77%. The volatility ratio for the week is 1.65%, and the volatility levels for the last 30 days are 1.82% for Equity Residential Properties Trust (EQR). The simple moving average for the past 20 days is 1.67% for EQR’s stock, with a 9.98% simple moving average for the past 200 days.
Analysts’ Opinion of EQR
BofA Securities, on the other hand, stated in their research note that they expect to see EQR reach a price target of $82, previously predicting the price at $78. The rating they have provided for EQR stocks is “Neutral” according to the report published on September 24th, 2024.
Exane BNP Paribas gave a rating of “Outperform” to EQR, setting the target price at $83 in the report published on September 11th of the current year.
EQR Trading at 0.35% 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 -5.32% of loss for the given period.
Volatility was left at 1.82%, however, over the last 30 days, the volatility rate increased by 1.65%, as shares sank -0.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.11% lower at present.
During the last 5 trading sessions, EQR rose by +4.57%, which changed the moving average for the period of 200-days by +25.87% in comparison to the 20-day moving average, which settled at $73.41. In addition, Equity Residential Properties Trust saw 22.04% 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 Manelis Michael L, who sale 2,000 shares at the price of $71.50 back on Nov 07 ’24. After this action, Manelis Michael L now owns 26,053 shares of Equity Residential Properties Trust, valued at $143,000 using the latest closing price.
Manelis Michael L, the Officer of Equity Residential Properties Trust, proposed sale 2,000 shares at $71.50 during a trade that took place back on Nov 07 ’24, which means that Manelis Michael L is holding shares at $143,000 based on the most recent closing price.
Stock Fundamentals for EQR
Current profitability levels for the company are sitting at:
- 0.21 for the present operating margin
- 0.18 for the gross margin
The net margin for Equity Residential Properties Trust stands at 0.32. The total capital return value is set at 0.03. 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 2.24.
Currently, EBITDA for the company is 1.78 billion with net debt to EBITDA at 4.78. When we switch over and look at the enterprise to sales, we see a ratio of 12.6.
Conclusion
To wrap up, the performance of Equity Residential Properties Trust (EQR) has been better in recent times. The stock has received a bearish of “sell” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
