Equity Residential Properties Trust [NYSE: EQR] plunged by -$3.58 during the normal trading session on while it closed the day at $70.37.
Equity Residential Properties Trust stock has also loss -7.48% of its value over the past 7 days. However, EQR stock has inclined by 0.21% in the 3 months of the year. Over the past six months meanwhile, it has gained 7.34% and gained 15.06% year-on date.
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The market cap for EQR stock reached $27.50 billion, with 379.29 million shares outstanding and 377.44 million shares in the current float. Compared to the average trading volume of 1.65M shares, EQR reached a trading volume of 4097186 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 $78.69 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 2.35. 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.
BofA Securities have made an estimate for Equity Residential Properties Trust shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 24, 2024. While these analysts kept the previous recommendation, Exane BNP Paribas raised their target price to Outperform. The new note on the price target was released on September 11, 2024, representing the official price target for Equity Residential Properties Trust stock. Previously, the target price had yet another raise from $62 to $83, while Deutsche Bank kept a Buy rating on EQR stock.
The Average True Range (ATR) for Equity Residential Properties Trust is set at 1.34, with the Price to Sales ratio for EQR stock in the period of the last 12 months amounting to 9.49. The Price to Book ratio for the last quarter was 2.43, 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 21.94.
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 -7.48. With this latest performance, EQR shares dropped by -4.73% in over the last four-week period, additionally plugging by 7.34% over the last 6 months – not to mention a rise of 27.18% 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 32.39, with the RSI for the last a single of trading hit 26.06, and the three-weeks RSI is set at 37.18 for Equity Residential Properties Trust [EQR]. The present Moving Average for the last 50 days of trading for this stock 74.73, while it was recorded at 73.65 for the last single week of trading, and 67.30 for the last 200 days.
Earnings per share (EPS) analysis for Equity Residential Properties Trust [EQR] stock
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 2.83%.
Equity Residential Properties Trust [EQR]: Institutional Ownership
There are presently around $94.91%, or 95.40%% of EQR stock, in the hands of institutional investors. The top three institutional holders of EQR stocks are: VANGUARD GROUP INC with ownership of 55.87 million shares, which is approximately 14.7492%. BLACKROCK INC., holding 38.42 million shares of the stock with an approximate value of $$2.66 billion in EQR stocks shares; and BLACKROCK INC., currently with $$2.44 billion in EQR stock with ownership which is approximately 9.2705%.
