Equity Residential (EQR): What Technical Indicators Show

Equity Residential (NYSE:EQR) saw an upside of 0.59% to close Tuesday at $83.23 after adding $0.49 on the day. The 5-day average trading volume is 1,362,020 shares of the company’s common stock. It has gained $84.67 in the past week. An average of 1,781,640 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,464,510.

EQR’s 1-month performance is 1.56% or $1.82 on its low of $78.86 reached on 09/28/21. The company’s shares have touched a 52-week low of $45.42 and high of $86.04, with the stock’s rally to the 52-week high happening on 09/02/21. YTD, EQR has achieved 40.40% or $23.95. However, the current price is down -3.27%% from the 52-week high price.


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Insider Transactions

On Sep 23, 20 days have gone by since the last insider trading activity for Equity Residential (EQR). HABEN MARY KAY (Director) most recently sold 6,665 shares at $82.94 per share on Sep 23. This transaction cost the insider $552,795. Director, NEITHERCUT DAVID J, sold 24,757 shares at a price of $86.00 on Sep 02. Then, on Sep 01, Director NEITHERCUT DAVID J sold 100,000 shares at a price of $85.02 per share. This transaction amounted to $8,501,669.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 53.26 and a low of 5.132. EQR stock has a beta of 0.79. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 12.96 while the price-to-book (PB) in the most recent quarter is 2.99, with the price to cash flow ratio at 103.81.

Equity Residential pays an annual dividend of $2.41 per share. Its dividend yield is 2.90% and the payout ratio is 125.70%. EQR’s most recent quarterly dividend payment was made on Oct. 8, when it paid $0.6025 a share compared with prior rate of $0.6025, down 0.0% from last year’s. The company latest dividend increase of $0.0355 reported on Thursday March 12 2020. Measured over the last 3 years, the Dividend has been growing by 19.60% yearly.

It is projected that Equity Residential’s next ex-dividend date will be on 3-Jan. EQR is expected to distribute $0.6025 as its next dividend.

As well, the company’s long term debt to equity for the quarter ending June 29 was 0.73, while the total debt to equity was 0.79. In terms of profitability, the gross margin trailing 12 months is 61.80%. while for the period ending June 29; Equity Residential’s operating margin was 43.20%. The firm’s gross profit as reported stood at $1.32 billion against revenue of $2.57 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected EQR to announce $0.24 per share in earnings in its latest quarter, but it posted $0.84, representing a 250.00% surprise. EBITDA for the quarter stood at more than $587.28 million. EQR stock balance sheet for the quarter ending June 29 shows that, with total debt at $8.57 billion. Shareholders hold equity totaling $374.46 million

Technical Picture

Let’s look briefly at Equity Residential (EQR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 58.04% to suggest the stock is trending Neutral, with historical volatility in this time period at 12.66%.

The stock’s 5-day moving average is $83.21, reflecting a +0.06% or $0.05 change from its current price. EQR is currently trading +1.77% above its 20-day SMA, +11.69% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -0.82% and +43.01% respectively.

Stochastic %K and %D was 69.59% and 74.41% and the average true range (ATR) pointed at 1.67. The RSI (14) points at 55.07%, while the 14-day stochastic is at 75.27% with the period’s ATR at 1.63. The stock’s 9-day MACD Oscillator is pointing at 0.15 and 0.71 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Equity Residential (NYSE: EQR), Deutsche Bank upgraded it to a Hold rating. They previously had a Sell rating on the stock. Analysts offering their rating for EQR stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate EQR as a “sell,”, while 20 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 5 have offered a “buy” rating.

What is EQR’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $76.00 and a high of $98.00, with their median price target at $87.00. Looking at these predictions, the average price target given by analysts is for Equity Residential (EQR) stock is $87.36.

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