Equity Residential (NYSE: EQR) is -3.00% lower on its value in year-to-date trading and has touched a low of $45.42 and a high of $87.53 in the current 52-week trading range. The EQR stock was last observed hovering at around $59.28 in the last trading session, with the day’s loss setting it -1.78% off its average median price target of $60.00 for the next 12 months. It is also 22.3% off the consensus price target high of $74.00 offered by 21 analysts, but current levels are -19.79% lower than the price target low of $48.00 for the same period.
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Currently trading at $57.50, the stock is -3.44% and 0.43% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.56 million and changing -3.00% at the moment leaves the stock -0.69% off its SMA200. EQR registered -28.84% loss for a year compared to 6-month gain of -3.51%. The firm has a 50-day simple moving average (SMA 50) of $59.85 and a 200-day simple moving average (SMA200) of $56.10.
The stock witnessed a -4.74% loss in the last 1 month and extending the period to 3 months gives it a 4.37%, and is -1.20% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.78% over the week and 2.81% over the month.
Equity Residential (EQR) has around 2700 employees, a market worth around $21.29B and $2.64B in sales. Current P/E ratio is 22.61 and Fwd P/E is 58.73. Profit margin for the company is 35.90%. Distance from 52-week low is 26.58% and -34.31% from its 52-week high. The company has generated returns on investments over the last 12 months (7.00%).
Equity Residential (EQR) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Equity Residential (EQR) is a “Hold”. 21 analysts offering their recommendations for the stock have an average rating of 3.00, where 11 rate it as a Hold and 1 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 6 analysts have rated the stock as a Sell or Underperform.
Equity Residential is expected to release its quarterly report on 04/27/2021 and quarterly earnings per share for the current quarter are estimated at $0.24 with sales reaching $614.69M over the same period.The EPS is expected to grow by 46.70% this year, but quarterly earnings will post -4.50% year-over-year. Quarterly sales are estimated to shrink -10.10% in year-over-year returns.
Equity Residential (EQR) Top Institutional Holders
833 institutions hold shares in Equity Residential (EQR), with 5.64M shares held by insiders accounting for 1.51% while institutional investors hold 94.55% of the company’s shares. The shares outstanding are 371.87M, and float is at 366.30M with Short Float at 2.53%. Institutions hold 93.12% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 51.84 million shares valued at $2.66 billion. The investor’s holdings represent 13.92% of the EQR Shares outstanding. As of Sep 29, 2020, the second largest holder is Blackrock Inc. with 42.13 million shares valued at $2.16 billion to account for 11.32% of the shares outstanding. The other top investors are Norges Bank Investment Management which holds 23.88 million shares representing 6.41% and valued at over $1.93 billion, while State Street Corporation holds 5.73% of the shares totaling 21.35 million with a market value of $1.1 billion.
Equity Residential (EQR) Insider Activity
The most recent transaction is an insider sale by Brackenridge Alexander, the company’s Executive Vice President & CIO. SEC filings show that Brackenridge Alexander sold 7,244 shares of the company’s common stock on Dec 28 at a price of $58.95 per share for a total of $0.43 million. Following the sale, the insider now owns 27663.0 shares.
Equity Residential disclosed in a document filed with the SEC on Feb 19 that Parrell Mark J. (President & CEO) sold a total of 50,000 shares of the company’s common stock. The trade occurred on Feb 19 and was made at $85.42 per share for $4.27 million. Following the transaction, the insider now directly holds 20397.0 shares of the EQR stock.
Still, SEC filings show that on Feb 19, NEITHERCUT DAVID J (Director) disposed off 29,640 shares at an average price of $85.66 for $2.54 million. The insider now directly holds 2,874 shares of Equity Residential (EQR).
Equity Residential (EQR): Who are the competitors?
The company’s main competitors (and peers) include American Homes 4 Rent (AMH) that is trading 10.57% up over the past 12 months. AvalonBay Communities Inc. (AVB) is -25.67% down on the 1-year trading charts. Short interest in the company’s stock has fallen -5.71% from the last report on Nov 12, 2020 to stand at a total of 9.82 million short shares sold with a short interest ratio of 3.34.