A share price of Equity Residential Properties Trust [EQR] is currently trading at $60.99, up 0.96%. 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 lost -2.87% over the last week, with a monthly amount drifted -1.98%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Equity Residential Properties Trust [NYSE: EQR] stock has seen the most recent analyst activity on March 18, 2024, when Raymond James upgraded its rating to a Mkt Perform. On January 30, 2024, Deutsche Bank initiated with a Hold rating and assigned a price target of $64 on the stock. Mizuho downgraded its rating to a Neutral and decreased its price target to $58 on December 11, 2023. Wedbush initiated its recommendation with a Neutral and recommended $62 as its price target on October 03, 2023. Wells Fargo upgraded its rating to Overweight for this stock on September 05, 2023, and upped its price target to $69. In a note dated June 09, 2023, Piper Sandler upgraded an Neutral rating on this stock and boosted its target price from $63 to $68.
Equity Residential Properties Trust experienced fluctuations in its stock price throughout the past year 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 $60.99 at the most recent close of the market. An investor can expect a potential return of 43.3% based on the average EQR price forecast.
Analyzing the EQR fundamentals
Trailing Twelve Months sales for Equity Residential Properties Trust [NYSE:EQR] were 2.85B which represents 3.67% growth. 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 60.35 points at the first support level, and at 59.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 61.38, and for the 2nd resistance point, it is at 61.78.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 8.11, the price to book ratio is 2.09 and price to earnings (TTM) ratio is 28.07.
Transactions by insiders
Recent insider trading involved Garechana Robert, EVP & Chief Financial Officer, that happened on Feb 13 ’24 when 876.0 shares were sold. EVP & General Counsel, Fenster Scott completed a deal on Feb 13 ’24 to sell 829.0 shares. Meanwhile, Chief Accounting Officer Kaufman Ian sold 716.0 shares on Feb 13 ’24.
