Equity Residential Properties Trust (NYSE: EQR) is 20.32% higher on its value in year-to-date trading and has touched a low of $54.53 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 $73.07 in the last trading session, with the day’s gains setting it 0.52%.
Currently trading at $73.59, the stock is 0.51% and -0.98% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.49 million and changing 0.71% at the moment leaves the stock 8.23% off its SMA200. EQR registered 31.60% gain for a year compared to 6-month gain of 9.62%. The firm has a 50-day simple moving average (SMA 50) of $74.3212 and a 200-day simple moving average (SMA200) of $67.99305.
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The stock witnessed a -1.71% loss in the last 1 month and extending the period to 3 months gives it a 2.79%, and is 0.08% up 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 1.55% over the week and 1.89% over the month.
Equity Residential Properties Trust (EQR) has around 2400 employees, a market worth around $28.98B and $2.92B in sales. Current P/E ratio is 30.81 and Fwd P/E is 45.54. Profit margin for the company is 31.62%. Distance from 52-week low is 34.94% and -6.65% from its 52-week high. The company has generated returns on investments over the last 12 months (4.74%).
with sales reaching $753.46M over the same period.The EPS is expected to shrink by -7.83% this year, but quarterly earnings will post 3.07% year-over-year. Quarterly sales are estimated to grow 3.57% in year-over-year returns.
Equity Residential Properties Trust (EQR) Top Institutional Holders
1033.0 institutions hold shares in Equity Residential Properties Trust (EQR), with institutional investors hold 95.25% of the company’s shares. The shares outstanding are 379.29M, and float is at 377.73M with Short Float at 1.25%. Institutions hold 94.77% 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 Manelis Michael L, the company’s Executive Vice President & COO. SEC filings show that Manelis Michael L sold 2,000 shares of the company’s common stock on Nov 07 ’24 at a price of $71.50 per share for a total of $0.14 million. Following the sale, the insider now owns 26053.0 shares.
Still, SEC filings show that on Aug 28 ’24, Carraway Catherine (EVP & CHRO) disposed off 1,000 shares at an average price of $74.20 for $74200.0. The insider now directly holds 10,379 shares of Equity Residential Properties Trust (EQR).
