Equity Residential Properties Trust [NYSE: EQR] gained 0.09% or 0.06 points to close at $69.63 with a heavy trading volume of 4213385 shares.
The daily chart for EQR points out that the company has recorded 17.42% gains over the past six months.
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If we look at the average trading volume of 1.70M shares, EQR reached to a volume of 4213385 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 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 $71.19 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 2.26. 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.
Piper Sandler have made an estimate for Equity Residential Properties Trust shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on June 28, 2024. The new note on the price target was released on May 13, 2024, representing the official price target for Equity Residential Properties Trust stock. Previously, the target price had yet another raise from $68 to $70, while BMO Capital Markets kept a Outperform rating on EQR stock.
The Average True Range (ATR) for Equity Residential Properties Trust is set at 1.39, with the Price to Sales ratio for EQR stock in the period of the last 12 months amounting to 9.05. The Price to Book ratio for the last quarter was 2.41, 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 21.82.
Trading performance analysis for EQR stock
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 -0.54. With this latest performance, EQR shares gained by 2.19% in over the last four-week period, additionally plugging by 17.42% over the last 6 months – not to mention a rise of 5.60% 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 53.95, with the RSI for the last a single of trading hit 50.68, and the three-weeks RSI is set at 55.50 for Equity Residential Properties Trust [EQR]. The present Moving Average for the last 50 days of trading for this stock 67.58, while it was recorded at 70.16 for the last single week of trading, and 62.23 for the last 200 days.
Equity Residential Properties Trust [EQR]: An earnings per share (EPS) analysis
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 -1.06%.
An analysis of Institutional ownership at Equity Residential Properties Trust [EQR]
The top three institutional holders of EQR stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in EQR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in EQR stock with ownership which is approximately 5.1238%.
