Equity Residential Properties Trust (NYSE: EQR) is 3.19% higher on its value in year-to-date trading and has touched a low of $52.57 and a high of $69.45 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The EQR stock was last observed hovering at around $62.57 in the last trading session, with the day’s gains setting it 0.54%.
Currently trading at $63.11, the stock is 1.20% and 3.96% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.13 million and changing 0.86% at the moment leaves the stock 2.78% off its SMA200. EQR registered 12.86% gain for a year compared to 6-month gain of 7.99%. The firm has a 50-day simple moving average (SMA 50) of $11.01 and a 200-day simple moving average (SMA200) of $15.46.
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The stock witnessed a 5.68% loss in the last 1 month and extending the period to 3 months gives it a 2.00%, and is -0.54% 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 1.36% over the week and 1.78% over the month.
Equity Residential Properties Trust (EQR) has around 2400 employees, a market worth around $23.95B and $2.85B in sales. Current P/E ratio is 29.04 and Fwd P/E is 37.29. Profit margin for the company is 29.16%. Distance from 52-week low is 20.05% and -9.13% from its 52-week high. The company has generated returns on investments over the last 12 months (4.66%).
Equity Residential Properties Trust quarterly earnings per share for the current quarter are estimated at $0.33 with sales reaching $726.55M over the same period.The EPS is expected to shrink by -29.15% this year, but quarterly earnings will post 2.60% year-over-year. Quarterly sales are estimated to grow 3.00% in year-over-year returns.
Equity Residential Properties Trust (EQR) Top Institutional Holders
992 institutions hold shares in Equity Residential Properties Trust (EQR), with institutional investors hold 96.97% of the company’s shares. The shares outstanding are 379.29M, and float is at 372.49M with Short Float at 1.36%. Institutions hold 95.22% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 57.02 million shares valued at $3.76 billion. The investor’s holdings represent 14.52% of the EQR Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 40.37 million shares valued at $2.66 billion to account for 10.28% of the shares outstanding. The other top investors are Norges Bank Investment Management which holds 30.89 million shares representing 7.87% and valued at over $1.82 billion, while State Street Corporation holds 6.37% of the shares totaling 25.02 million with a market value of $1.65 billion.
Equity Residential Properties Trust (EQR) Insider Activity
The most recent transaction is an insider sale by Garechana Robert,the company’sEVP & Chief Financial Officer. SEC filings show that Garechana Robert sold 876 shares of the company’s common stock on Feb 13 ’24 at a price of $57.80 per share for a total of $50633.0. Following the sale, the insider now owns 20933.0 shares.
Equity Residential Properties Trust disclosed in a document filed with the SEC on Feb 13 ’24 that Fenster Scott (EVP & General Counsel) sold a total of 829 shares of the company’s common stock. The trade occurred on Feb 13 ’24 and was made at $57.80 per share for $47916.0. Following the transaction, the insider now directly holds 35464.0 shares of the EQR stock.
Still, SEC filings show that on Feb 13 ’24, Kaufman Ian (Chief Accounting Officer) disposed off 716 shares at an average price of $57.80 for $41385.0. The insider now directly holds 23,949 shares of Equity Residential Properties Trust (EQR).
