Equity Residential (EQR) EVP & General Counsel Owns Stock Worth $1963.0

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Equity Residential (NYSE:EQR) finished Wednesday with a subtraction of -$1.17 to close at $68.69, a downside of -1.67 percent. An average of 1,727,200 shares of common stock have been traded in the last five days. There was a fall of -$5.52 in the past week, and it reached a new high 24 times over the past 12 months. The last 20 days have seen an average of 1,354,545 shares traded, while the 50-day average volume stands at 1,330,926.

EQR stock has decreased by -10.48% in the last month. The company shares reached their 1-month lowest point of $68.68 on 09/21/22. With the stock rallying to its 52-week high on 04/21/22, shares of the company touched a low of $67.48 and a high of $94.32 in 52 weeks. It has reached a new high 5 times so far this year and lost -24.10% or -$21.81 in price. In spite of this, the price is down -27.17% from the 52-week high.

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Insider Transactions

37 days have passed since Equity Residential (EQR) last reported insider trading activity. Fenster Scott, who is EVP & General Counsel, most recently acquired $1,963 shares at $80.03 per share on Aug 16. In this transaction, the insider spent $157,099. Executive Vice President & COO, Manelis Michael L, disposed of 10,000 shares at a price of $80.05 on Aug 15. The insider now owns more than $800,470 worth of shares. Prior to that, EVP & Chief Financial Officer Garechana Robert went on to Sale 16,895 shares at $80.00 each on Aug 15. An amount of $1,351,600 was transacted.

Valuation Metrics

Equity Residential (EQR) has a trailing price-to-earnings (P/E) ratio of 20.61. The stock’s beta is 0.84. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 9.88, the price-to-book (PB) ratio at 2.38, and the price-to-cash flow ratio at 56.00.

The company has a payout ratio of 72.90%. The company’s most recent quarterly dividend payment was $0.6250 a share, without any change from last year. Its latest increase dividend $0.0225 reported on Thursday March 17 2022.

Financial Health

Further, the company has a long term debt to equity ratio of 0.72 and a total debt to equity ratio of 0.73 for the quarter ending June 29. Its gross profit as reported stood at $1.68 billion compared to revenue of $2.46 billion.

Earnings Surprise

For the three-month period that ended June 29, Equity Residential had $1.94 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $223.33 million in the quarter, while revenues of $69.99 million were shrunk -41.32%. The analyst consensus anticipated Equity Residential’s latest quarter earnings to come in at $0.29 per share, but it turned out to be $0.59, a 103.40% surprise. For the quarter, EBITDA amounted to $542.91 million. At the end of the quarter ending June 29, Equity Residential’s stock balance sheet showed total debt was $8.28 billion. Shareholders own equity worth $376.12 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Equity Residential (EQR) price momentum. RSI 9-day as of the close on 21 September was 21.45%, suggesting the stock is oversold, with historical volatility in this time frame at 20.11%.

As of today, EQR’s price is $71.38 -7.44% or -$5.52 from its 5-day moving average. EQR is currently trading -8.81% lower than its 20-day SMA and -20.17% lower than its 100-day SMA. However, the stock’s current price level is -3.65% below the SMA50 and -19.23% below the SMA200.

The stochastic %K and %D were 8.33% and 14.41%, respectively, and the average true range (ATR) was 1.81. With the 14-day stochastic at 0.11% and the average true range at 1.74, the RSI (14) stands at 28.98%. The stock has reached -3.15 on the 9-day MACD Oscillator while the 14-day reading was at -3.78.

Analyst Ratings

Piper Sandler downgraded Equity Residential (NYSE: EQR) to a an Underweight rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Equity Residential (EQR) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell EQR, while 14 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 9 others rate it as a “buy”.

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

Analysts predict a range of price targets between $70.00 and $102.00, with a median target of $83.50. Taking a look at these predictions, the average price target given by analysts for Equity Residential (EQR) stock is $84.45.


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