Equity Residential Properties Trust (NYSE:EQR) shares, rose in value, with the stock price down by -3.02% to the previous day’s close as strong demand from buyers drove the stock to $71.72.
Actively observing the price movement in the recent trading, the stock is buoying the session at $73.95, falling within a range of $70.6 and $71.93. The PE ratio was 28.97 over 12-month period. Referring to stock’s 52-week performance, its high was $78.83, and the low was $52.57. On the whole, EQR has fluctuated by -2.90% over the past month.
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With the market capitalization of Equity Residential Properties Trust currently standing at about $28.03 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Jan-28. The company’s Forward Dividend Ratio is 2.69, with its dividend yield at 3.75%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.96B, with a low estimate of 736.13M and a high estimate of 774.1M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 751.26M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that EQR’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 10.24, with the price of EQR currently trading nearly -3.07% and -4.07% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.67, while the 7-day volatility ratio is showing 1.46% which for the 30-day chart, stands at 1.43%. Furthermore, Equity Residential Properties Trust (EQR)’s beta value is 0.91, and its average true range (ATR) is 1.31.
A comparison of Equity Residential Properties Trust (EQR) with its peers suggests the former has fared considerably weaker in the market. EQR showed an intraday change of -3.02% in today’s session so far, and over the past year, it grew by 29.62%%.
Data on historical trading for Equity Residential Properties Trust (NYSE:EQR) indicates that the trading volumes over the past 10 days have averaged 1.37 and over the past 3 months, they’ve averaged 1.65 million. According to company’s latest data on outstanding shares, there are 379.29 million shares outstanding.
Nearly 0.45% of Equity Residential Properties Trust’s shares belong to company insiders and institutional investors own 94.77% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.93 million shares as on 2024-10-15, resulting in a short ratio of 3.59. According to the data, the short interest in Equity Residential Properties Trust (EQR) stood at 213.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 5.34 million. The stock has risen by 17.27% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the EQR stock heading into the next quarter.
