A share price of Equity Residential Properties Trust [EQR] is currently trading at $75.86, up 2.31%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The EQR shares have gain 1.57% over the last week, with a monthly amount glided 0.77%, and 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 September 24, 2024, when BofA Securities downgraded its rating to a Neutral and also boosted its price target to $82 from $78. Previously, Exane BNP Paribas started tracking the stock with Outperform rating on September 11, 2024, and set its price target to $83. On September 10, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $83 on the stock. Goldman started tracking the stock assigning a Neutral rating and suggested a price target of $81 on September 04, 2024. Wells Fargo downgraded its rating to a Equal Weight and raised its price target to $77 on August 26, 2024. Piper Sandler upgraded its rating to Overweight for this stock on June 28, 2024, and upped its price target to $80. In a note dated May 13, 2024, Evercore ISI downgraded an In-line rating on this stock but restated the target price of $70.
Equity Residential Properties Trust experienced fluctuations in its stock price throughout the past year between $52.57 and $78.83. Currently, Wall Street analysts expect the stock to reach $82.36 within the next 12 months. Equity Residential Properties Trust [NYSE: EQR] shares were valued at $75.86 at the most recent close of the market. An investor can expect a potential return of 8.57% based on the average EQR price forecast.
Analyzing the EQR fundamentals
Trailing Twelve Months sales for Equity Residential Properties Trust [NYSE:EQR] were 2.90B which represents 2.54% growth. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.34%, and Net Profit Margin reading is 0.33%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.09 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 74.73 points at the first support level, and at 73.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 76.49, and for the 2nd resistance point, it is at 77.11.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 9.92, the price to book ratio is 2.62 and price to earnings (TTM) ratio is 30.64.
Transactions by insiders
Recent insider trading involved Carraway Catherine, EVP & CHRO, that happened on Aug 28 ’24 when 1000.0 shares were sold. Officer, Carraway Catherine completed a deal on Aug 28 ’24 to buy 1000.0 shares. Meanwhile, Executive Vice President & CIO Brackenridge Alexander sold 11212.0 shares on Aug 22 ’24.
