Equity Residential Properties Trust (NYSE: EQR) is 21.50% higher on its value in year-to-date trading and has touched a low of $52.57 and a high of $78.83 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 $75.19 in the last trading session, with the day’s loss setting it -0.88%.
Currently trading at $74.31, the stock is -2.35% and 1.74% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.36 million and changing -1.17% at the moment leaves the stock 13.24% off its SMA200. EQR registered 26.74% gain for a year compared to 6-month gain of 18.76%. The firm has a 50-day simple moving average (SMA 50) of $73.1336 and a 200-day simple moving average (SMA200) of $65.70005.
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The stock witnessed a 1.18% loss in the last 1 month and extending the period to 3 months gives it a 8.78%, and is -3.57% 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 1.19% over the week and 1.59% over the month.
Equity Residential Properties Trust (EQR) has around 2400 employees, a market worth around $28.17B and $2.90B in sales. Current P/E ratio is 30.01 and Fwd P/E is 45.26. Profit margin for the company is 32.89%. Distance from 52-week low is 41.35% and -5.74% from its 52-week high. The company has generated returns on investments over the last 12 months (5.17%).
The EPS is expected to shrink by -6.42% this year
1005.0 institutions hold shares in Equity Residential Properties Trust (EQR), with institutional investors hold 95.44% of the company’s shares. The shares outstanding are 379.29M, and float is at 371.88M with Short Float at 1.44%. Institutions hold 94.95% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 55.87 million shares valued at $3.87 billion. The investor’s holdings represent 14.7492 of the EQR Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 38.42 million shares valued at $2.66 billion to account for 10.1425 of the shares outstanding. The other top investors are NORGES BANK which holds 35.12 million shares representing 9.2705 and valued at over $2.44 billion, while STATE STREET CORP holds 6.2303 of the shares totaling 23.6 million with a market value of $1.64 billion.
Equity Residential Properties Trust (EQR) Insider Activity
The most recent transaction is an insider sale by Carraway Catherine, the company’s EVP & CHRO. SEC filings show that Carraway Catherine sold 1,000 shares of the company’s common stock on Aug 28 ’24 at a price of $74.20 per share for a total of $74200.0. Following the sale, the insider now owns 10379.0 shares.
Still, SEC filings show that on Aug 22 ’24, Brackenridge Alexander (Executive Vice President & CIO) disposed off 11,212 shares at an average price of $72.52 for $0.81 million. The insider now directly holds 58,689 shares of Equity Residential Properties Trust (EQR).
