Investor’s Delight: Equity Residential Properties Trust (EQR) Closes Weak at 77.06, Down -0.03

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The closing price of Equity Residential Properties Trust (NYSE: EQR) was $77.06 for the day, down -0.03% from the previous closing price of $77.08. In other words, the price has decreased by -$0.03 from its previous closing price. On the day, 1.56 million shares were traded. EQR stock price reached its highest trading level at $77.42 during the session, while it also had its lowest trading level at $76.525.

Ratios:

Our analysis of EQR’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 762.83 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.31. In the meantime, Its Debt-to-Equity ratio is 0.68 whereas as Long-Term Debt/Eq ratio is at 0.68.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Exane BNP Paribas on September 11, 2024, initiated with a Outperform rating and assigned the stock a target price of $83.

On September 10, 2024, Deutsche Bank Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $62 to $83.

On September 04, 2024, Goldman started tracking the stock assigning a Neutral rating and target price of $81.Goldman initiated its Neutral rating on September 04, 2024, with a $81 target price.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 28 ’24 when Carraway Catherine sold 1,000 shares for $74.20 per share. The transaction valued at 74,200 led to the insider holds 10,379 shares of the business.

Carraway Catherine bought 1,000 shares of EQR for $74,204 on Aug 28 ’24. On Aug 22 ’24, another insider, Brackenridge Alexander, who serves as the Executive Vice President & CIO of the company, sold 11,212 shares for $72.52 each. As a result, the insider received 813,094 and left with 58,689 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, EQR now has a Market Capitalization of 30122829824 and an Enterprise Value of 37192810496. As of this moment, Equity’s Price-to-Earnings (P/E) ratio for their current fiscal year is 31.12, and their Forward P/E ratio for the next fiscal year is 46.94. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.08 while its Price-to-Book (P/B) ratio in mrq is 2.67. Its current Enterprise Value per Revenue stands at 12.752 whereas that against EBITDA is 20.666.

Stock Price History:

Over the past 52 weeks, EQR has reached a high of $78.83, while it has fallen to a 52-week low of $52.57. The 50-Day Moving Average of the stock is 6.73%, while the 200-Day Moving Average is calculated to be 18.23%.

Shares Statistics:

EQR traded an average of 1.72M shares per day over the past three months and 1522900 shares per day over the past ten days. A total of 379.29M shares are outstanding, with a floating share count of 371.88M. Insiders hold about 1.91% of the company’s shares, while institutions hold 94.37% stake in the company. Shares short for EQR as of 1724976000 were 5416402 with a Short Ratio of 3.15, compared to 1722384000 on 5686638. Therefore, it implies a Short% of Shares Outstanding of 5416402 and a Short% of Float of 1.94.

Dividends & Splits

With its trailing 12-month dividend rate of 2.675, EQR has a forward annual dividend rate of 2.68. Against a Trailing Annual Dividend Yield of 0.0347042The stock’s 5-year Average Dividend Yield is 3.63.

Earnings Estimates

The market rating of Equity Residential Properties Trust (EQR) is currently shaped by the ongoing analysis conducted by 11.0 analysts closely monitoring its performance.The consensus estimate for the next quarter is $0.44, with high estimates of $0.53 and low estimates of $0.38.

Analysts are recommending an EPS of between $2.28 and $1.94 for the fiscal current year, implying an average EPS of $2.1. EPS for the following year is $1.69, with 11.0 analysts recommending between $2.09 and $1.44.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 15 analysts. It ranges from a high estimate of $763.3M to a low estimate of $737.15M. As of the current estimate, Equity Residential Properties Trust’s year-ago sales were $724.07MFor the next quarter, 15 analysts are estimating revenue of $750.02M. There is a high estimate of $774.1M for the next quarter, whereas the lowest estimate is $741.8M.

A total of 19 analysts have provided revenue estimates for EQR’s current fiscal year. The highest revenue estimate was $3B, while the lowest revenue estimate was $2.94B, resulting in an average revenue estimate of $2.96B. In the same quarter a year ago, actual revenue was $2.87BBased on 19 analysts’ estimates, the company’s revenue will be $3.07B in the next fiscal year. The high estimate is $3.17B and the low estimate is $3.01B.

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