At the time of writing, Equity Residential Properties Trust [EQR] stock is trading at $62.28, down -0.92%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The EQR shares have gain 4.73% over the last week, with a monthly amount glided 3.51%, and seem to be holding up well over a long-time horizon.
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On 29, February 2024, Equity Residential to Participate in 2024 Citi Global Property CEO Conference. In a post published today on Yahoo Finance, Equity Residential (NYSE: EQR) today announced that members of the Company’s senior management team, including the Company’s President and CEO, Mark J. Parrell, will participate in a roundtable presentation at the 2024 Citi Global Property CEO Conference on Monday, March 4 at 2:10 p.m. ET. The event will be web cast live. A link to the web cast will be available in the Presentations section of the Investor section of the Company’s website at www.equityapartments.com. The Company has posted an updated Investor Presentation in connection with these meetings, which is also available in the Investor section of the Company’s website.
From an analyst’s perspective:
Previously, Deutsche Bank started tracking the stock with Hold rating on January 30, 2024, and set its price target to $64. On December 11, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $58 on the stock. Wedbush started tracking the stock assigning a Neutral rating and suggested a price target of $62 on October 03, 2023. Wells Fargo upgraded its rating to a Overweight and raised its price target to $69 on September 05, 2023. Piper Sandler upgraded its rating to Neutral for this stock on June 09, 2023, and upped its price target to $68. In a note dated June 05, 2023, BMO Capital Markets upgraded an Market Perform rating on this stock and boosted its target price from $60 to $64.
For the past year, the stock price of Equity Residential Properties Trust fluctuated between $52.57 and $69.45. Currently, Wall Street analysts expect the stock to reach $87.4 within the next 12 months. Equity Residential Properties Trust [NYSE: EQR] shares were valued at $62.28 at the most recent close of the market. An investor can expect a potential return of 40.33% based on the average EQR price forecast.
Analyzing the EQR fundamentals
According to Equity Residential Properties Trust [NYSE:EQR], the company’s sales were 2.85B for trailing twelve months, which represents an 3.67% jump. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.3%, and Net Profit Margin reading is 0.29%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.08 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.67.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 61.73 points at the first support level, and at 61.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 62.96, and for the 2nd resistance point, it is at 63.65.
Equity Residential Properties Trust [EQR] reported earnings per share of $0.82 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.43/share, meaning a difference of $0.39 and a surprise factor of 90.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.45 per share as compared to estimates of $0.4 per share, a difference of $0.05 representing a surprise of 12.50%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 8.28, the price to book ratio is 2.14 and price to earnings (TTM) ratio is 28.66.
Transactions by insiders
Recent insider trading involved Garechana Robert, EVP & Chief Financial Officer, that happened on Feb 13 when 876.0 shares were sold. EVP & General Counsel, Fenster Scott completed a deal on Feb 13 to sell 829.0 shares. Meanwhile, Chief Accounting Officer Kaufman Ian sold 716.0 shares on Feb 13.
