The trading price of Equity Residential Properties Trust (NYSE:EQR) closed higher on Tuesday, April 23, closing at $63.09, 0.88% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 29.03. In examining the 52-week price action we see that the stock hit a 52-week high of $69.45 and a 52-week low of $52.57. Over the past month, the stock has gained 1.48% in value.
Equity Residential Properties Trust, whose market valuation is $23.91 billion at the time of this writing. The dividend yield on the company stock is 4.22%, while its Forward Dividend ratio is 2.66. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.39 per share this quarter, however they have predicted annual earnings per share of 1.51 for current year and 1.63 for next year.
Analysts have forecast the company to bring in revenue of 732.88M for the current quarter, with the likely lows of 720M and highs of 740.8M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 2.95B.
On the technical side, indicators suggest EQR has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that EQR’s price is currently 2.02% off the SMA20 and 2.63% off the SMA50. The RSI metric on the 14-day chart is currently showing 56.12, and weekly volatility stands at 1.76%. When measured over the past 30 days, the indicator reaches 1.79%. Equity Residential Properties Trust (NYSE:EQR)’s beta value is currently sitting at 0.84, while the Average True Range indicator is currently displaying 1.26.
To see how Equity Residential Properties Trust stock has been performing in comparison to its peers in the industry, here are the numbers: EQR stock’s performance was 0.88% in the latest trading, and 2.92% in the past year. Equity Residential Properties Trust has a P/E ratio of 29.03.
An evaluation of the daily trading volume of Equity Residential Properties Trust (NYSE:EQR) indicates that the 3-month average is 2.07 million.
Currently, records show that 379.29 million of the company’s shares remain outstanding. The insiders hold 1.86% of outstanding shares, whereas institutions hold 95.08%. However, since the stock’s price has seen 3.16% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
