With 1.77 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.92 million shares. The 52-week range on EQR shows that it touched its highest point at $78.54 and its lowest point at $59.41 during that stretch. It currently has a 1-year price target of $77.74. With its current market cap of 27.75 billion, EQR has annualized dividend of $2.14 while the current yield stands at 3.01%. Beta for the stock currently stands at 0.92.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EQR was up-trending over the past week, with a rise of 1.69%, but this was up by 5.73% over a month. Three-month performance dropped to -0.92% while six-month performance fell -3.59%. The stock gained 7.01% in the past year, while it has lost -1.25% so far this year. A look at the trailing 12-month EPS for EQR yields 2.56 with Next year EPS estimates of 1.36. For the next quarter, that number is 0.32. This implies an EPS growth rate of -46.04% for this year and -7.53% for next year. EPS is expected to decline by -17.26% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 1.69%.
Float and Shares Shorts:
At present, 379.84 million EQR shares are outstanding with a float of 376.67 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EQR since 9 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $2.01819 being high and $2.00267 being low. For EQR, this leads to a yearly average estimate of $2.01302. Based on analyst estimates, the high estimate for the next quarter is $0.41 and the low estimate is $0.31. The average estimate for the next quarter is thus $0.35.
