Equity Residential [EQR] is -30.91% lower this YTD. Is it still time to buy?

Equity Residential [NYSE: EQR] gained 2.23% on the last trading session, reaching $55.91 price per share at the time. The company report on August 24, 2020 that Equity Residential Joins CEO Action for Diversity & Inclusion.

Equity Residential (NYSE: EQR) today announced that the Company has joined CEO Action for Diversity & Inclusion as a declaration of the Company’s commitment to cultivating a diverse and inclusive workplace.

This announcement comes on the heels of the Company conducting listening sessions to provide an opportunity for employees of color to share their stories and experiences regarding the racial injustices and societal inequities in our country.

Equity Residential represents 371.80 million in outstanding shares, while the company has a total market value of $21.02 billion with the latest information. EQR stock price has been found in the range of $53.96 to $56.02.

If compared to the average trading volume of 2.93M shares, EQR reached a trading volume of 2327312 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Equity Residential [EQR]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EQR shares is $60.47 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EQR stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BMO Capital Markets have made an estimate for Equity Residential shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on August 03, 2020. The new note on the price target was released on June 29, 2020, representing the official price target for Equity Residential stock.

The Average True Range (ATR) for Equity Residential is set at 1.57, with the Price to Sales ratio for EQR stock in the period of the last 12 months amounting to 7.77. The Price to Book ratio for the last quarter was 1.97, with the Price to Cash per share for the same quarter was set at 0.50. Price to Free Cash Flow for EQR in the course of the last twelve months was 39.99.

Trading performance analysis for EQR stock

Equity Residential [EQR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.94. With this latest performance, EQR shares gained by 2.89% in over the last four-week period, additionally sinking by -33.05% over the last 6 months – not to mention a drop of -32.44% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EQR stock in for the last two-week period is set at 53.76, with the RSI for the last a single of trading hit 57.92, and the three-weeks RSI is set at 50.02 for Equity Residential [EQR]. The present Moving Average for the last 50 days of trading for this stock 56.60, while it was recorded at 55.07 for the last single week of trading, and 69.45 for the last 200 days.

Equity Residential [EQR]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Equity Residential [EQR] shares currently have an operating margin of +18.93 and a Gross Margin at +34.66. Equity Residential’s Net Margin is presently recorded at +36.13.

Return on Total Capital for EQR is now 2.54, given the latest momentum, and Return on Invested Capital for the company is 5.28. Return on Equity for this stock inclined to 9.45, with Return on Assets sitting at 4.66. When it comes to the capital structure of this company, Equity Residential [EQR] has a Total Debt to Total Equity ratio set at 90.82. Additionally, EQR Total Debt to Total Capital is recorded at 47.59, with Total Debt to Total Assets ending up at 44.25. Long-Term Debt to Equity for the company is recorded at 81.15, with the Long-Term Debt to Total Capital now at 42.37.

Reflecting on the efficiency of the workforce at the company, Equity Residential [EQR] managed to generate an average of $358,642 per employee.

Equity Residential [EQR]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Equity Residential posted 0.71/share EPS, while the average EPS was predicted by analysts to be reported at 0.37/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 91.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for EQR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Equity Residential go to 6.10%.

An analysis of insider ownership at Equity Residential [EQR]

There are presently around $19,455 million, or 93.90% of EQR stock, in the hands of institutional investors. The top three institutional holders of EQR stocks are: VANGUARD GROUP INC with ownership of 47,183,807, which is approximately -2.495% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 42,416,763 shares of the stock with an approximate value of $2.37 billion in EQR stocks shares; and NORGES BANK, currently with $1.34 billion in EQR stock with ownership of nearly 26.166% of the company’s market capitalization.

Positions in Equity Residential stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 292 institutional holders increased their position in Equity Residential [NYSE:EQR] by around 36,481,540 shares. Additionally, 259 investors decreased positions by around 33,877,842 shares, while 85 investors held positions by with 277,610,345 shares. The mentioned changes placed institutional holdings at 347,969,727 shares, according to the latest SEC report filing. EQR stock had 84 new institutional investments in for a total of 10,370,264 shares, while 55 institutional investors sold positions of 720,682 shares during the same period.

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