Momentum Is Strong For Equity Residential Properties Trust (NYSE: EQR)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed Equity Residential to Participate in 2024 Citi Global Property CEO Conference.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Stocks Info

This NYSE-listed company operates within the REIT – Residential industry segment, falling under the Real Estate sector. At the end of the last regular session, the stock closed at $63.41 and fluctuated between $63.71 as its day high and $62.94 as its day low. The current market capitalization of Equity Residential Properties Trust is $24.07B. A total of 1.39 million shares were traded on the day, compared to an average of 2.28M shares.

In the most recent transaction, Garechana Robert sold 876 shares of EQR for 57.80 per share on Feb 13 ’24. After the transaction, the EVP & Chief Financial Officer now owns 20,933 company shares. In a previous transaction on Feb 13 ’24, Fenster Scott sold 829 shares at 57.80 per share. EQR shares that EVP & General Counsel owns now total 35,464.

Among the insiders who sold shares, Kaufman Ian disposed of 716 shares on Feb 13 ’24 at a per-share price of $57.80. This resulted in the Chief Accounting Officer holding 23,949 shares of EQR after the transaction. In another insider transaction, Carraway Catherine sold 291 shares at $57.80 per share on Feb 13 ’24. Company shares held by the EVP & CHRO now total 11,379.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Equity Residential Properties Trust pays an annual dividend of $2.65, resulting in a dividend yield of 4.18%, and it has a price to earnings (P/E) ratio of 29.18. 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.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. 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 $0.34 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.42 per share and a lower estimate of $0.3. 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

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its 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 3.63.

Most Popular

Related Posts