Equity Residential Properties Trust (NYSE: EQR) is -2.77% lower on its value in year-to-date trading and has touched a low of $57.33 and a high of $78.83 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 $70.25 in the last trading session, with the day’s loss setting it -0.48%.
Currently trading at $69.77, the stock is -0.43% and -3.69% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.31 million and changing -0.68% at the moment leaves the stock -0.76% off its SMA200. EQR registered 15.90% gain for a year compared to 6-month gain of -0.43%. The firm has a 50-day simple moving average (SMA 50) of $72.4444 and a 200-day simple moving average (SMA200) of $70.3028.
The stock witnessed a -5.02% loss in the last 1 month and extending the period to 3 months gives it a -6.59%, and is 4.17% 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 2.45% over the week and 2.24% over the month.
Equity Residential Properties Trust (EQR) has around 2400 employees, a market worth around $27.28B and $2.92B in sales. Current P/E ratio is 29.21 and Fwd P/E is 44.84. Profit margin for the company is 31.62%. Distance from 52-week low is 21.70% and -11.50% from its 52-week high. The company has generated returns on investments over the last 12 months (4.74%).
with sales reaching $754.98M over the same period.The EPS is expected to shrink by -8.52% this year, but quarterly earnings will post 3.23% year-over-year. Quarterly sales are estimated to grow 3.78% in year-over-year returns.
Equity Residential Properties Trust (EQR) Top Institutional Holders
1034.0 institutions hold shares in Equity Residential Properties Trust (EQR), with institutional investors hold 95.45% of the company’s shares. The shares outstanding are 379.35M, and float is at 376.26M with Short Float at 1.68%. Institutions hold 95.00% 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).
