Equity Residential Properties Trust (NYSE: EQR) is 2.66% higher on its value in year-to-date trading and has touched a low of $59.01 and a high of $78.54 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 $73.44 in the last trading session, with the day’s gains setting it 0.23%.
Currently trading at $73.67, the stock is 1.96% and 4.04% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.39 million and changing 0.31% at the moment leaves the stock 3.37% off its SMA200. EQR registered 22.82% gain for a year compared to 6-month loss of -1.25%.
The stock witnessed a 4.75% gain in the last 1 month and extending the period to 3 months gives it a -3.90%, and is 1.17% 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 2.61% over the week and 1.97% over the month.
Equity Residential Properties Trust (EQR) has around 2500 employees, a market worth around $28.82B and $2.96B in sales. Current P/E ratio is 27.66 and Fwd P/E is 50.22. Profit margin for the company is 34.86%. Distance from 52-week low is 24.85% and -6.20% from its 52-week high. The company has generated returns on investments over the last 12 months (5.59%).
with sales reaching $769.82M over the same period.The EPS is expected to shrink by -49.38% this year, but quarterly earnings will post 5.07% year-over-year. Quarterly sales are estimated to grow 5.34% in year-over-year returns.
The shares outstanding are 379.48M, and float is at 376.42M with Short Float at 1.52%.
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 6.2342 of the shares totaling 23.6 million with a market value of $1.64 billion.
Equity Residential Properties Trust (EQR) Insider Activity
A total of 0 insider transactions have happened at Equity Residential Properties Trust (EQR) in the last six months, with sales accounting for 0 and purchases happening 0 times. 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 9,487 shares of the company’s common stock on Feb 06 ’25 at a price of $72.07 per share for a total of $0.68 million. Following the sale, the insider now owns 26781.0 shares.
Equity Residential Properties Trust disclosed in a document filed with the SEC on Feb 06 ’25 that Kaufman Ian (Chief Accounting Officer) sold a total of 642 shares of the company’s common stock. The trade occurred on Feb 06 ’25 and was made at $72.06 per share for $46263.0. Following the transaction, the insider now directly holds 25539.0 shares of the EQR stock.
Still, SEC filings show that on Feb 06 ’25, Garechana Robert (EVP & Chief Financial Officer) disposed off 4,294 shares at an average price of $72.06 for $0.31 million. The insider now directly holds 14,108 shares of Equity Residential Properties Trust (EQR).
Equity Residential Properties Trust (EQR): Who are the competitors?
One of the company’s main competitors (and peers) include Avalonbay Communities Inc. (AVB) that is trading 21.84% up over the past 12 months.UDR Inc. (UDR) lies in the list of competitors of the Equity Residential Properties Trust and is 21.29% higher over the same period from EQRMid-America Apartment Communities Inc. (MAA) is 30.84% up on the 1-year trading charts.
