Equity Residential Properties Trust [EQR] moved down -1.29: Why It’s Important

Equity Residential Properties Trust [NYSE: EQR] closed the trading session at $58.76. The company report on January 17, 2024 at 4:15 PM that Equity Residential Reports 2023 Dividend Income Tax Treatment.

Equity Residential (NYSE: EQR) today reported the tax status of its 2023 dividends paid to shareholders. The final allocations as they will be reported on Form 1099-DIV are in the tables below:.

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The stocks have a year to date performance of -3.92 percent and weekly performance of -2.39 percent. The stock has been moved at -12.59 percent over the last six months. The stock has performed -3.39 percent around the most recent 30 days and changed 4.30 percent over the most recent 3-months.

If compared to the average trading volume of 2.34M shares, EQR reached to a volume of 3198720 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Equity Residential Properties Trust [EQR]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EQR shares is $65.31 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 2.48. 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.

Mizuho have made an estimate for Equity Residential Properties Trust shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 11, 2023.

The Average True Range (ATR) for Equity Residential Properties Trust is set at 1.20, with the Price to Sales ratio for EQR stock in the period of the last 12 months amounting to 7.89. The Price to Book ratio for the last quarter was 2.02, with the Price to Cash per share for the same quarter was set at 0.10. Price to Free Cash Flow for EQR in the course of the last twelve months was 18.60.

EQR stock trade performance evaluation

Equity Residential Properties Trust [EQR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.39. With this latest performance, EQR shares dropped by -3.39% in over the last four-week period, additionally sinking by -12.59% over the last 6 months – not to mention a drop of -4.61% 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 40.01, with the RSI for the last a single of trading hit 32.54, and the three-weeks RSI is set at 44.42 for Equity Residential Properties Trust [EQR]. The present Moving Average for the last 50 days of trading for this stock 59.26, while it was recorded at 59.77 for the last single week of trading, and 61.63 for the last 200 days.

Earnings per share (EPS) analysis for Equity Residential Properties Trust [EQR] stock

With the latest financial reports released by the company, Equity Residential Properties Trust posted 0.42/share EPS, while the average EPS was predicted by analysts to be reported at 0.39/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 7.70%. 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 Properties Trust go to 15.51%.

Equity Residential Properties Trust [EQR]: Institutional Ownership

The top three institutional holders of EQR stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in EQR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in EQR stock with ownership which is approximately 5.8325%.