Investors Getting Picky When It Comes To Buying Equity Residential Properties Trust (EQR)

Equity Residential Properties Trust (NYSE:EQR) does about 1.97M shares in volume on a normal day but saw 1123711 shares change hands in Friday’s trading. The company now has a market cap of 25.32B USD. Its current market price is $66.80, marking a decrease of -0.36% compared to the previous close of $67.04. The 52 week high reached by this stock is $69.45 whilst the lowest price level in 52 weeks is $52.57.

Equity Residential Properties Trust (EQR) has a 20-day trading average at $64.11 and the current price is -3.82% off the 52-week high compared with 27.07% distance from its 52-week low. The 50-day simple moving average of the closing price is $63.09 and its 200-day simple moving average is $60.92. If we look at the stock’s price movements over the week, volatility stands at 1.29%, which increases to 1.89% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 64.33 to suggest the stock is neutral.

The consensus objective for the share price is $67.30, suggesting that the stock has a potential upside of 0.74% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 22, 2024 when BMO Capital Markets upgraded the stock to “Outperform” and issued a price target of between $68 and $70. Goldman resumed its price target at $70.

Equity Residential Properties Trust (EQR) stock is up 1.35% over the week and 6.39% over the past month. Its price is 9.22% year-to-date and 6.62% over the past year.

To reach the target analysts have set, the stock logically needs to grow 0.74 percent from here.

The company has a return on investment of 4.92% and return on equity of 8.28%. The price to earnings ratio (P/E ratio) amounts to 27.97 while the forward price to earnings ratio is 40.57. The beta has a value of 0.87. Price to book ratio is 2.29 and price to sales ratio is 8.79.