Equity Residential (NYSE:EQR) has a beta of 0.78, a 12-month trailing P/E ratio of 43.87, and a growth ratio of 7.19. The stock’s Relative Strength Index (RSI) is 66.66, with weekly volatility at 1.32% and ATR at 1.25. The EQR stock’s 52-week price range has touched low of $45.42 and a $80.08 high. Its shares traded lower over the last trading session, losing -0.79% on 06/04/21. The shares fell to a low of $78.78 before closing at $78.88. Intraday shares traded counted 2.76 million, which was -19.12% lower than its 30-day average trading volume of 2.32M. EQR’s previous close was $79.51 while the outstanding shares total 372.28M.
Investors have identified the REIT – Residential company Equity Residential as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $29.74 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Equity Residential (EQR) Fundamentals that are to be considered.
EQR were able to record 252.19 million as free cash flow during the 08/03/2021 quarter of the year, this saw their quarterly net cash flow reduce by -1.89 million. In cash movements, the company had a total of 346.05 million as operating cash flow.
Potential earnings growth for Equity Residential (EQR)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/03/2021 quarter of the year, Equity Residential recorded a total of 597.6 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -14.17% coming in sequential stages and their sales for the 08/03/2021 quarter reducing by -2.65%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 462.04 million trying to sell their products during the last quarter, with the result yielding a gross income of 135.56 million. This allows shareholders to hold on to 372.28M with the recently reported earning now reading 0.15 cents per share. This is a figure that compared to analyst’s prediction for their 08/03/2021 (0.68 cents a share).
Having a look at the company’s valuation, the company is expected to record 2.96 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on EQR sounds very interesting.
Is the stock of EQR attractive?
In related news, Director, NEITHERCUT DAVID J sold 95,471 shares of the company’s stock in a transaction that recorded on Jun 02. The sale was performed at an average price of 80.02, for a total value of 7,639,589. As the sale deal closes, the Director, KEYWELL BRADLEY A now sold 3,658 shares of the company’s stock, valued at 291,982. Also, EVP & General Counsel, Fenster Scott sold 2,000 shares of the company’s stock in a deal that was recorded on May 21. The shares were price at an average price of 75.00 per share, with a total market value of 150,000. Following this completion of acquisition, the Director, NEITHERCUT DAVID J now holds 79,137 shares of the company’s stock, valued at 5,936,858. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.20%.
5 out of 22 analysts covering the stock have rated it a Buy, while 14 have maintained a Hold recommendation on Equity Residential. 3 analysts has assigned a Sell rating on the EQR stock. The 12-month mean consensus price target for the company’s shares has been set at $73.28.