Equity Residential Properties Trust (EQR) concluded trading on Wednesday at a closing price of $60.19, with 5.35 million shares of worth about $321.97 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -8.44% during that period and on Wednesday, January 31 the price saw a gain of about 1.50%. Currently the company’s common shares owned by public are about 379.29M shares, out of which, 372.70M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 38 times over the past 12 months. They bought 153,877 shares in 24 of the transactions. In 14 selling transactions, insiders dumped 108,640 shares.
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Stock saw a price change of 2.43% in past 5 days and over the past one month there was a price change of -1.59%. Year-to-date (YTD), EQR shares are showing a performance of -1.59% which decreased to -3.01% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $52.57 but also hit the highest price of $69.45 during that period. The average intraday trading volume for Equity Residential Properties Trust shares is 2.38 million. The stock is currently trading -0.55% below its 20-day simple moving average (SMA20), while that difference is up 1.03% for SMA50 and it goes to -2.30% lower than SMA200.
Equity Residential Properties Trust (NYSE: EQR) currently have 379.29M outstanding shares and institutions hold larger chunk of about 94.21% of that.
The stock has a current market capitalization of $22.86B and its 3Y-monthly beta is at 0.85. PE ratio of stock for trailing 12 months is 27.70, while it has posted earnings per share of $2.17 in the same period. Its PEG reads 1.79 while making debt-to-equity ratio of 0.69. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EQR, volatility over the week remained 1.91% while standing at 1.97% over the month.
Analysts are in expectations that Equity Residential Properties Trust (EQR) stock would likely to be making an EPS of $0.35 in the current quarter, while forecast for next quarter EPS is $0.4 and it is $1.71 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.31 which is $0.41 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.56 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -28.10% while it is estimated to increase by 9.61% in next year. EPS is likely to shrink at an annualized rate of 15.51% for next 5-years, compared to annual growth of 15.55% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Deutsche Bank on January 30, 2024 offering a Hold rating for the stock and assigned a target price of $64 to it.
