Equity Residential [EQR] stock is down -3.34 while the S&P 500 has fallen -0.63% on Tuesday, 10/13/20. While at the time of this article, EQR ATR is sitting at 1.67, with the beta value at 0.66. This stock’s volatility for the past week remained at 2.47%, while it was 3.05% for the past 30-day period. EQR has fallen -$1.85 from the previous closing price of $55.35 on volume of 1.86 million shares.

On 1, October 2020, Equity Residential Announces Third Quarter 2020 Earnings Release Date. According to news published on Yahoo Finance, Equity Residential (NYSE: EQR) today announced that the company will release its third quarter 2020 operating results on Tuesday, October 27, 2020 after the close of market and host a conference call to discuss those results on Wednesday, October 28, 2020 at 10:00 am Central. The conference call will be available via web cast on the Investor section of www.equityapartments.com.

Analyst Birdseye View:

The most recent analyst activity for Equity Residential [NYSE:EQR] stock was on August 03, 2020, when it was Downgrade with an Underperform rating from BMO Capital Markets, which also lowered its 12-month price target on the stock from $68 to $51. Before that, on September 01, 2020, Mizuho Recapitulated a Buy rating and elevated its amount target to $63. On June 29, 2020, Scotiabank Downgrade a Sector underperform rating and boosted its price target on this stock to $55. On May 18, 2020, BofA/Merrill Downgrade a Neutral rating. On May 11, 2020, Evercore ISI Upgrade an In-line rating and increased its price target to $68. On April 24, 2020, Piper Sandler Downgrade an Underweight rating and boosted its amount on this stock to $58. On March 17, 2020, Robert W. Baird Upgrade a Neutral rating and boosted its target amount on this stock to $73. On March 10, 2020, BTIG Research Upgrade a Buy rating and improved its amount target to $80.

In the past 52 weeks of trading, this stock has oscillated between a low of $49.62 and a peak of $89.55. Right now, the middling Wall Street analyst 12-month amount mark is $58.50. At the most recent market close, shares of Equity Residential [NYSE:EQR] were valued at $53.50. According to the average price forecast, investors can expect a potential return of -1.35%.

FUNDAMENTAL ANALYSIS

Equity Residential [NYSE:EQR] most recently reported quarterly sales of 647.75 billion, which represented growth of -2.40%. This publicly-traded organization’s revenue is $992,524 per employee, while its income is $358,642 per employee. This company’s Gross Margin is currently 66.20%, its Operating Margin is 57.50%, its Pretax Margin is +35.06, and its Net Margin is +36.13. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 4.66, 9.45, 2.54 and 5.28 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 47.59 and the whole liability to whole assets at 44.25. It shows enduring liability to the whole principal at 42.37 and enduring liability to assets at 0.39 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 52.78 points at 1st support level, the second support level is making up to 52.06. But as of 1st resistance point, this stock is sitting at 54.78 and at 56.06 for 2nd resistance point.

Equity Residential [EQR] reported its earnings at $0.7 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.36/share signifying the difference of 0.34 and 94.40% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were $0.83 calling estimates for $0.33/share with the difference of 0.5 depicting the surprise of 151.50%.

Now if looking for a valuation of this stock’s amount to sales ratio it’s 11.67, it’s amount to book ratio is 2.93 and showing 17.76 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by NEITHERCUT DAVID J, Director, and it was the sale of 29640.0 shares on Feb 19. Parrell Mark J., the President & CEO, completed a sale of 50000.0 shares on Feb 19. On Feb 13, Garechana Robert, EVP & Chief Financial Officer, completed a sale of 14579.0 shares.