Equity Residential Properties Trust (NYSE:EQR) finished Wednesday with a subtraction of -$0.19 to close at $58.44, a downside of -0.32 percent. An average of 1,801,920 shares of common stock have been traded in the last five days. There was a fall of -$3.98 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 1,572,690 shares traded, while the 50-day average volume stands at 1,554,218.
EQR stock has decreased by -9.49% in the last month. The company shares reached their 1-month lowest point of $58.06 on 09/27/23. With the stock rallying to its 52-week high on 07/24/23, shares of the company touched a low of $54.60 and a high of $69.45 in 52 weeks. It has reached a new high 16 times so far this year and lost -0.95% or -$0.56 in price. In spite of this, the price is down -15.85% from the 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Insider Transactions
EQR stock investors should be aware that Equity Residential Properties Trust (EQR) stock had its last reported insider trading activity 48 days ago on Aug 11. In this transaction, the insider spent $165,100. Director, SHAPIRO MARK S, disposed of 42,435 shares at a price of $61.91 on May 04. The insider now owns more than $2,627,080 worth of shares. Prior to that, Director HABEN MARY KAY went on to Sale 3,354 shares at $66.23 each on Feb 16. An amount of $222,135 was transacted.
Valuation Metrics
Equity Residential Properties Trust (EQR) has a trailing price-to-earnings (P/E) ratio of 26.58. The stock’s beta is 0.85. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 7.91, the price-to-book (PB) ratio at 2.02, and the price-to-cash flow ratio at 18.12.
The company has a payout ratio of 121.68%. The company’s most recent quarterly dividend payment was $0.6625 a share, without any change from last year. Its latest increase dividend $0.0375 reported on Thursday March 16 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 0.70 and a total debt to equity ratio of 0.70 for the quarter ending June 29. Its gross profit as reported stood at $1.12 billion compared to revenue of $2.74 billion.
Earnings Surprise
For the three-month period that ended June 29, Equity Residential Properties Trust had $1.91 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 $138.43 million in the quarter, while revenues of $211.26 million were shrunk -61.33%. The analyst consensus anticipated Equity Residential Properties Trust’s latest quarter earnings to come in at $0.37 per share, but it turned out to be $0.37, a 0.00% surprise. For the quarter, EBITDA amounted to $447.01 million. At the end of the quarter ending June 29, Equity Residential Properties Trust’s stock balance sheet showed total debt was $7.76 billion. Shareholders own equity worth $379.03 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Equity Residential Properties Trust (EQR) price momentum. RSI 9-day as of the close on 27 September was 16.61%, suggesting the stock is oversold, with historical volatility in this time frame at 15.16%.
As of today, EQR’s price is $59.50 -6.38% or -$3.98 from its 5-day moving average. EQR is currently trading -10.30% lower than its 20-day SMA and -6.47% lower than its 100-day SMA. However, the stock’s current price level is -13.24% below the SMA50 and -6.81% below the SMA200.
The stochastic %K and %D were 5.36% and 4.07%, respectively, and the average true range (ATR) was 1.08. With the 14-day stochastic at 6.45% and the average true range at 1.08, the RSI (14) stands at 22.65%. The stock has reached -2.03 on the 9-day MACD Oscillator while the 14-day reading was at -2.74.
Analyst Ratings
Wells Fargo upgraded Equity Residential Properties Trust (NYSE: EQR) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as an Equal weight. The consensus rating for Equity Residential Properties Trust (EQR) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell EQR, while 13 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 8 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 $62.00 and $83.00, with a median target of $70.00. Taking a look at these predictions, the average price target given by analysts for Equity Residential Properties Trust (EQR) stock is $71.18.
