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Saturday, December 9, 2023

Today, Equity Residential Properties Trust (NYSE: EQR) Takes Center Stage

After Hours

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. After-hours trades for Equity Residential Properties Trust (EQR) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.05, or 0.09%, to $54.78. The Equity Residential Properties Trust has recorded 75,291 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Equity Residential Reports Third Quarter 2023 Results.

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Stocks Info

The company is listed on the NYSE and operates within the REIT – Residential industry segment. At the end of the last regular session, the stock closed at $54.73 and fluctuated between $54.88 as its day high and $53.92 as its day low. The current market capitalization of Equity Residential Properties Trust is $20.78B. A total of 1.85 million shares were traded on the day, compared to an average of 1.66M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, EQR has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 29 and the disposition of 2,500 shares. Over the last 12 months, there were 26 BUYs and 15 SELLs from insiders. Insiders purchased 289,586 shares during that period but sold 128,113.

In the most recent transaction, Manelis Michael L sold 2,500 shares of EQR for 66.04 per share on Aug 11. After the transaction, the Executive Vice President & COO now owns 22,844 company shares. In a previous transaction on May 04, SHAPIRO MARK S sold 42,435 shares at 61.91 per share. EQR shares that Director owns now total 12,497.

Among the insiders who sold shares, HABEN MARY KAY disposed of 3,354 shares on Feb 16 at a per-share price of $66.23. This resulted in the Director holding 6,857 shares of EQR after the transaction. In another insider transaction, Brackenridge Alexander sold 3,325 shares at $66.28 per share on Feb 14. Company shares held by the Executive Vice President & CIO now total 33,131.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Equity Residential Properties Trust pays an annual dividend of $2.62, resulting in a dividend yield of 4.79%, and it has a price to earnings (P/E) ratio of 30.47. EQR’s most recent ex-dividend date was 9/25/2023 when it declared a $0.6625 quarterly dividend that was paid in cash on 10/13/2023. Previously, the company paid the dividend on 7/14/2023 with an ex-dividend date of 6/23/2023. The EQR stock dividend was $0.6625 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for EQR in the last 3 months, the mean price target is $65.89 with high estimates of $75.00 and low estimates of $58.00. In terms of 52-week highs and lows, EQR has a high of $69.45 and a low of $52.57.

As of this writing, EQR has an earnings estimate of $0.4 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.43 per share and a lower estimate of $0.38. The company reported an EPS of $0.56 in the last quarter, which was 69.70% higher than expectations of $0.33.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. EQR’s latest balance sheet shows that the firm has $123.83M in Cash & Short Term Investments as of fiscal 2021. There were $8.65B in debt and $725.05M in liabilities at the time. Its Book Value Per Share was $29.03, while its Total Shareholder’s Equity was $11.69B.

Analysts Opinion

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. Currently, 0 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 Buy with a score of 3.62.

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