What Are The Chances Of Equity Residential Properties Trust (NYSE: EQR) Becoming A Clear Buy?

After Hours

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. The stock was recently discussed on Yahoo Finance as it revealed that Equity Residential Reports Fourth Quarter 2023 Results.

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Stocks Info

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 $59.18 and fluctuated between $59.32 as its day high and $58.30 as its day low. The current market capitalization of Equity Residential Properties Trust is $22.47B. A total of 1.91 million shares were traded on the day, compared to an average of 2.41M shares.

Insider Activity

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 4 BUY and 3 SELL insider trades, representing the acquisition of 52,123 and the disposition of 50,000 shares. Over the last 12 months, there were 24 BUYs and 14 SELLs from insiders. Insiders purchased 153,877 shares during that period but sold 108,640.

In the most recent transaction, Manelis Michael L sold 1,639 shares of EQR for 59.43 per share on Feb 05. After the transaction, the Executive Vice President & COO now owns 31,053 company shares. In a previous transaction on Feb 05, Carraway Catherine sold 49 shares at 59.43 per share. EQR shares that EVP & CHRO owns now total 12,636.

Among the insiders who sold shares, NEITHERCUT DAVID J disposed of 36,564 shares on Dec 15 at a per-share price of $60.94. This resulted in the Chairman of the Board holding 0 shares of EQR after the transaction. In another insider transaction, NEITHERCUT DAVID J sold 25,000 shares at $58.18 per share on Dec 07. Company shares held by the Chairman of the Board now total 0.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Equity Residential Properties Trust pays an annual dividend of $2.71, resulting in a dividend yield of 4.58%, and it has a price to earnings (P/E) ratio of 27.24. EQR’s most recent ex-dividend date was 12/29/2023 when it declared a $0.6625 quarterly dividend that was paid in cash on 1/12/2024. Previously, the company paid the dividend on 10/13/2023 with an ex-dividend date of 9/25/2023. The EQR stock dividend was $0.6625 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 $65.53 with high estimates of $73.00 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 $0.35 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $0.42 per share and a lower estimate of $0.31. The company reported an EPS of $0.45 in the last quarter, which was 12.50% higher than expectations of $0.4.

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. 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 $29.13, while its Total Shareholder’s Equity was $11.69B.

Analysts Opinion

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, 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 3.57.

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