Analyzing Equity Residential (EQR) By Technical Indicators

As of Wednesday close, Equity Residential’s (NYSE:EQR) stock was up $0.1, moving up 0.14 percent to $71.36. The average number of shares traded per day over the past five days has been 2,625,460 shares. 4 times new highs have been achieved over the past 5 days, with a $2.58 gain in that time frame. In the last twenty days, the average volume was 2,094,810, while in the previous 50 days, it was 1,896,806.

Since last month, EQR stock retreated -3.59%. Shares of the company fell to $67.48 on 06/16/22, the lowest level in the past month. A 52-week high of $94.32 was reached on 04/21/22 after having rallying from a 52-week low of $67.48. Since the beginning of this year, EQR’s stock price has dropped by -21.15% or -$19.14, and marked a new high 5 times. However, the stock has declined by -24.34% since its 52-week high.

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Equity Residential (EQR) last reported insider trading activity 6 days ago on Jun 17. SHAPIRO MARK S, the Director of the company, disposed of 6,665 shares for $70.10 on Jun 17. It resulted in a $467,216 divestment by the insider. Manelis Michael L sold 3,629 shares at an average price of $90.13 on Feb 04. The insider now owns 22,130 shares following the transaction. On Feb 04, EVP & Chief Financial Officer Garechana Robert sold 2,770 shares at $90.13 apiece. The transaction was valued at $249,660.

Valuation Metrics

Right now, Equity Residential (EQR) has a P/E ratio of about 19.97. The stock’s beta is 0.84. Besides these, the trailing price-to-sales (P/S) ratio of 10.40, the price-to-book (PB) ratio of 2.49, and the price-to-cash flow ratio of 69.46 may also be considered.

The latest dividend of $0.6250 per share was paid out, remained unchanged from last year’s $0.6250. On Thursday March 17 2022, a $0.0225 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.75, and the total debt-to-equity ratio was 0.76. On the profitability front, the trailing twelve-month gross margin is 62.00% percent. In the year ended March 30, operating margins totaled 67.10%. Based on annual data, EQR earned $1.68 billion in gross profit and brought in $2.46 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 8.60%. Return on equity (ROE) for the past 12 months was 12.60%.

In Equity Residential’s quarter-end financial report for March 30, it reported total debt of $2.19 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. EQR’s revenue rose 8.53% to $645.13 million during the quarter, while net income inched up to $653.35 million. While analysts expected Equity Residential to report $0.24 quarterly earnings, the actual figure was $0.19 per share, beating the consensus estimate by -20.80%. During the quarter, the company generated $388.6 million in EBITDA. The value of shareholders’ equity is $376.04 million.

Technical Picture

This quick technical analysis looks at Equity Residential’s (EQR) price momentum. With a historical volatility rate of 29.15%, the RSI 9-day stood at 43.59% on 22 June.

With respect to its five-day moving average, the current Equity Residential price is up by +3.75% percent or $2.58. At present, EQR shares trade -5.88% below its 20-day simple moving average and -17.66% percent below its 100-day simple moving average. However, the stock is currently trading approximately -22.24% below its SMA50 and -16.63% below its SMA200.

Stochastic coefficient K was 33.84% and Stochastic coefficient D was 28.97%, while ATR was 2.01. Given the Stochastic reading of 37.34% for the 14-day period, the RSI (14) reading has been calculated as 40.43%. As of today, the MACD Oscillator reading stands at 0.62, while the 14-day reading stands at -1.23.

Analyst Ratings

RBC Capital Mkts upgraded its rating on Equity Residential (NYSE: EQR) to an Outperform in a note to investors on June 22, 2022. The analysts firm previously had a Sector perform rating on the stock.Equity Residential (EQR) has been rated Overweight by analysts. According to 0 brokerage firms, EQR is a sell, and 16 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Equity Residential stock as buy, with 7 recommending it as overweight.

With a median target price of $88.00, the current consensus forecast for the stock is $78.00 – $104.00. Based on these forecasts, analysts predict Equity Residential (EQR) will achieve an average price target of $88.60.


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