A new trading day began on Tuesday, with Equity Residential Properties Trust (NYSE: EQR) stock price down -1.62% from the previous day of trading, before settling in for the closing price of $60.66. EQR’s price has ranged from $52.57 to $69.45 over the past 52 weeks.
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A company in the Real Estate sector has jumped its sales by 2.19% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged -29.57%. With a float of $372.49 million, this company’s outstanding shares have now reached $379.29 million.
In an organization with 2400 employees, it is important to assess its efficiency.
Equity Residential Properties Trust (EQR) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the REIT – Residential Industry. The insider ownership of Equity Residential Properties Trust is 1.86%, while institutional ownership is 94.94%. The most recent insider transaction that took place on Feb 13 ’24, was worth 50,633. In this transaction EVP & Chief Financial Officer of this company sold 876 shares at a rate of $57.80, taking the stock ownership to the 20,933 shares. Before that another transaction happened on Feb 13 ’24, when Company’s EVP & General Counsel sold 829 for $57.80, making the entire transaction worth $47,916. This insider now owns 35,464 shares in total.
Equity Residential Properties Trust (EQR) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around -29.57% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -1.06% during the next five years compared to 16.28% growth over the previous five years of trading.
Equity Residential Properties Trust (NYSE: EQR) Trading Performance Indicators
Here are Equity Residential Properties Trust’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.94. Likewise, its price to free cash flow for the trailing twelve months is 18.89.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.17, a number that is poised to hit 0.33 in the next quarter and is forecasted to reach 1.67 in one year’s time.
Technical Analysis of Equity Residential Properties Trust (EQR)
Let’s dig in a bit further. During the last 5-days, its volume was 1.54 million. That was inferior than the volume of 2.06 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 14.03%. Additionally, its Average True Range was 1.31.
During the past 100 days, Equity Residential Properties Trust’s (EQR) raw stochastic average was set at 43.24%, which indicates a significant increase from 3.76% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.87% in the past 14 days, which was higher than the 21.73% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $61.28, while its 200-day Moving Average is $61.19. However, in the short run, Equity Residential Properties Trust’s stock first resistance to watch stands at $60.29. Second resistance stands at $60.91. The third major resistance level sits at $61.31. If the price goes on to break the first support level at $59.27, it is likely to go to the next support level at $58.87. The third support level lies at $58.25 if the price breaches the second support level.
Equity Residential Properties Trust (NYSE: EQR) Key Stats
With a market capitalization of 22.65 billion, the company has a total of 379,554K Shares Outstanding. Currently, annual sales are 2,874 M while annual income is 835,440 K. The company’s previous quarter sales were 727,500 K while its latest quarter income was 311,690 K.
