Equity Residential [EQR] fell -27.03% so far this year. What now?

Equity Residential [NYSE: EQR] loss -0.46% on the last trading session, reaching $59.05 price per share at the time. The company report on November 5, 2020 that Equity Residential Issues Sixth Annual ESG Report.

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Equity Residential (NYSE: EQR), a recognized leader in Environmental, Social and Governance (ESG) principles, announced the publication of its 2020 ESG Report. The report describes the Company’s commitment to ESG principles and values as well its goals and activities in these areas.

Highlights:.

Equity Residential represents 371.87 million in outstanding shares, while the company has a total market value of $22.30 billion with the latest information. EQR stock price has been found in the range of $58.25 to $60.20.

If compared to the average trading volume of 3.14M shares, EQR reached a trading volume of 4154640 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 $59.89 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.

Argus have made an estimate for Equity Residential shares, keeping their opinion on the stock as Hold, with their previous recommendation back on November 13, 2020. While these analysts kept the previous recommendation, Wells Fargo raised their target price to Equal Weight. The new note on the price target was released on October 21, 2020, representing the official price target for Equity Residential stock. Previously, the target price had yet another raise to $63, while UBS analysts kept a Buy rating on EQR stock. On September 01, 2020, analysts increased their price target for EQR shares from 62 to 63.

The Average True Range (ATR) for Equity Residential is set at 2.19, with the Price to Sales ratio for EQR stock in the period of the last 12 months amounting to 8.44. The Price to Book ratio for the last quarter was 2.10, with the Price to Cash per share for the same quarter was set at 0.47. Price to Free Cash Flow for EQR in the course of the last twelve months was 44.19.

Trading performance analysis for EQR stock

Equity Residential [EQR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.62. With this latest performance, EQR shares dropped by -5.90% in over the last four-week period, additionally sinking by -4.67% over the last 6 months – not to mention a drop of -26.29% 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 50.04, with the RSI for the last a single of trading hit 46.06, and the three-weeks RSI is set at 51.84 for Equity Residential [EQR]. The present Moving Average for the last 50 days of trading for this stock 56.25, while it was recorded at 59.00 for the last single week of trading, and 58.57 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 0.77/share EPS, while the average EPS was predicted by analysts to be reported at 0.35/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 120.00%. 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 $20,416 million, or 93.20% of EQR stock, in the hands of institutional investors. The top three institutional holders of EQR stocks are: VANGUARD GROUP INC with ownership of 51,835,830, which is approximately 9.859% of the company’s market cap and around 1.60% of the total institutional ownership; BLACKROCK INC., holding 42,128,180 shares of the stock with an approximate value of $2.49 billion in EQR stocks shares; and NORGES BANK, currently with $1.41 billion in EQR stock with ownership of nearly 16.97% of the company’s market capitalization.

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Positions in Equity Residential stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 243 institutional holders increased their position in Equity Residential [NYSE:EQR] by around 32,291,693 shares. Additionally, 293 investors decreased positions by around 28,962,124 shares, while 84 investors held positions by with 284,485,329 shares. The mentioned changes placed institutional holdings at 345,739,146 shares, according to the latest SEC report filing. EQR stock had 54 new institutional investments in for a total of 7,273,257 shares, while 81 institutional investors sold positions of 3,320,073 shares during the same period.

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