Equity Residential (NYSE: EQR) is -24.10% lower on its value in year-to-date trading and has touched a low of $67.48 and a high of $94.32 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The EQR stock was last observed hovering at around $69.86 in the last trading session, with the day’s loss setting it -1.17% off its average median price target of $83.50 for the next 12 months. It is also 32.66% off the consensus price target high of $102.00 offered by 26 analysts, but current levels are 1.87% higher than the price target low of $70.00 for the same period.
Currently trading at $68.69, the stock is -8.14% and -8.70% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.63 million and changing -1.67% at the moment leaves the stock -15.96% off its SMA200. EQR registered -14.88% loss for a year compared to 6-month loss of -22.03%.
The stock witnessed a -10.48% gain in the last 1 month and extending the period to 3 months gives it a -3.74%, and is -7.44% 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 2.44% over the week and 2.11% over the month.
Equity Residential (EQR) has around 2400 employees, a market worth around $25.77B and $2.61B in sales. Current P/E ratio is 20.61 and Fwd P/E is 42.80. Profit margin for the company is 47.90%. Distance from 52-week low is 1.79% and -27.17% from its 52-week high. The company has generated returns on investments over the last 12 months (8.60%).
Equity Residential (EQR) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Equity Residential (EQR) is a “Overweight”. 26 analysts offering their recommendations for the stock have an average rating of 2.60, where 14 rate it as a Hold and 2 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Equity Residential is expected to release its quarterly report on 10/25/2022.The EPS is expected to grow by 44.80% this year
Equity Residential (EQR) Top Institutional Holders
The shares outstanding are 375.77M, and float is at 369.41M with Short Float at 1.24%.
Equity Residential (EQR) Insider Activity
A total of 24 insider transactions have happened at Equity Residential (EQR) in the last six months, with sales accounting for 7 and purchases happening 17 times. The most recent transaction is an insider sale by Fenster Scott, the company’s EVP & General Counsel. SEC filings show that Fenster Scott sold 1,963 shares of the company’s common stock on Aug 16 at a price of $80.03 per share for a total of $0.16 million. Following the sale, the insider now owns 24927.0 shares.
Equity Residential disclosed in a document filed with the SEC on Aug 15 that Garechana Robert (EVP & Chief Financial Officer) sold a total of 16,895 shares of the company’s common stock. The trade occurred on Aug 15 and was made at $80.00 per share for $1.35 million. Following the transaction, the insider now directly holds 25236.0 shares of the EQR stock.
Still, SEC filings show that on Aug 15, Fenster Scott (EVP & General Counsel) disposed off 1,800 shares at an average price of $80.00 for $0.14 million. The insider now directly holds 24,927 shares of Equity Residential (EQR).
Equity Residential (EQR): Who are the competitors?
The company’s main competitors (and peers) include AvalonBay Communities Inc. (AVB) that is trading -14.38% down over the past 12 months and UDR Inc. (UDR) that is -21.23% lower over the same period. Mid-America Apartment Communities Inc. (MAA) is -16.13% down on the 1-year trading charts.