There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Equity Residential (EQR) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.08, or 0.14%, to $58.68. The Equity Residential has recorded 694,007 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Equity Residential Announces Fourth Quarter 2022 Earnings Release Date.
As a NYSE listed company, EQR falls under the Real Estate sector while operating within the REIT – Residential industry segment. At the end of the last regular session, the stock closed at $58.60 and fluctuated between $59.64 as its day high and $58.38 as its day low. The current market capitalization of Equity Residential is $21.44B. A total of 7.41 million shares were traded on the day, compared to an average of 2.16M shares.
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, EQR has seen 5 BUY and 4 SELL insider trades, representing the acquisition of 69,508 and the disposition of 69,473 shares. Over the last 12 months, there were 34 BUYs and 18 SELLs from insiders. Insiders purchased 315,478 shares during that period but sold 216,927.
In the most recent transaction, NEITHERCUT DAVID J sold 14,473 shares of EQR for 65.00 per share on Dec 14. After the transaction, the Director now owns 0 company shares. In a previous transaction on Dec 12, NEITHERCUT DAVID J sold 15,000 shares at 63.50 per share. EQR shares that Director owns now total 0.
Among the insiders who sold shares, NEITHERCUT DAVID J disposed of 40,000 shares on Dec 08 at a per-share price of $62.75. This resulted in the Director holding 0 shares of EQR after the transaction. In another insider transaction, Fenster Scott sold 1,963 shares at $80.03 per share on Aug 16. Company shares held by the EVP & General Counsel now total 24,927.
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Equity Residential pays an annual dividend of $2.50, resulting in a dividend yield of 4.27%, and it has a price to earnings (P/E) ratio of 19.21. EQR’s most recent ex-dividend date was 12/30/2022 when it declared a $0.6250 quarterly dividend that was paid in cash on 1/13/2023. Previously, the company paid the dividend on 10/14/2022 with an ex-dividend date of 9/23/2022. The EQR stock dividend was $0.6250 per share in cash.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for EQR in the last 3 months, the mean price target is $68.10 with high estimates of $95.00 and low estimates of $58.00. In terms of 52-week highs and lows, EQR has a high of $94.32 and a low of $57.38.
As of this writing, EQR has an earnings estimate of $0.38 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $0.41 per share and a lower estimate of $0.36. The company reported an EPS of $0.59 in the last quarter, which was 103.40% higher than expectations of $0.29.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 26 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for EQR is Sell with a score of 3.55. A total of 8 analysts rated the stock as Buy while 0 rated it as Overweight while 16 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 2 thought it should be Sold.