Should You Sell Equity Residential Properties Trust (EQR) And Go Away This Year?

Equity Residential Properties Trust (NYSE:EQR) currently has a daily average trading volume of 1.94M but it saw 1320039 shares traded in last market. With a market cap of 25.61B USD, the company’s current market price of $67.57 came rising about 0.27 while comparing to the previous closing price of $67.39. In past 52 weeks, the stock remained buoying in the range of price level as high as $69.45 and as low as $52.57.

Taking a look at 20-day trading activity of Equity Residential Properties Trust (EQR) gives us an average price of $65.15, while its current price level is -2.71% below from 52-week high level whereas it is 28.53% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $63.41 while that of 200 days or SMA-200 reads an average of $60.95. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.45% during that period while stretching the period over a month that increases to 1.77%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 67.34 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Evercore ISI which downgraded the stock as “In-line” in its note to investors issued on May 13, 2024, recommending a price target of $70 for it. BMO Capital Markets upgraded its recommendation for the stock as a “Outperform” from “Market Perform” on April 22, 2024 while assigning a price target range of $68-$70.

Over the week, EQR’s stock price is moving 2.22% up while it is 13.22% when we observe its performance for the past one month. Year-to-date it is 10.48% up and over the past year, the stock is showing an upside performance of 8.18%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 0.37 beat the consensus estimate of 0.37 for the same. In next quarter, company is expected to be making quarterly sales of $743.05M as analysts are expecting the sales for current fiscal year at $2.96B and seeing the company making $3.06B in sales next year. Moreover, analysts are in estimates of $735.02M for current-quarter revenue.

Currently, Equity Residential Properties Trust’s total number of outstanding shares is 379.29M. Company’s return on investment (ROI) stands at 4.92% and return on equity (ROE) at 8.28%. It has a price to earnings ratio (P/E ratio) of 28.30 while having a 41.10 of forward P/E ratio. Stock’s beta reads 0.87. Stock has a price to book (P/B) ratio of 2.32 while price to sale or P/S ratio amounts to 8.89. Its return on asset (ROA) is 4.60% on average.