Equity Residential Properties Trust’s recently made public that its EVP & Chief Financial Officer Garechana Robert unloaded Company’s shares for reported $50633.0 on Feb 13 ’24. In the deal valued at $57.80 per share,876 shares were sold. As a result of this transaction, Garechana Robert now holds 20,933 shares worth roughly $1.29 million.
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
Then, Fenster Scott sold 829 shares, generating $47,916 in total proceeds. Upon selling the shares at $57.80, the EVP & General Counsel now owns 35,464 shares.
Before that, Kaufman Ian sold 716 shares. Equity Residential Properties Trust shares valued at $41,385 were divested by the Chief Accounting Officer at a price of $57.80 per share. As a result of the transaction, Kaufman Ian now holds 23,949 shares, worth roughly $1.47 million.
Raymond James upgraded its Equity Residential Properties Trust [EQR] rating to a Mkt perform from a an Underperform in a research note published recently. Deutsche Bank began covering EQR with “Hold” recommendation on January 30, 2024. Mizuho revised its rating on December 11, 2023. It rated EQR as “a Neutral” which previously was an “a Buy”.
Price Performance Review of EQR
On Monday, Equity Residential Properties Trust [NYSE:EQR] saw its stock fall -1.03% to $61.53. Over the last five days, the stock has lost -1.36%. Equity Residential Properties Trust shares have risen nearly 0.60% since the year began. Nevertheless, the stocks have risen 10.94% over the past one year. While a 52-week high of $69.45 was reached on 03/21/24, a 52-week low of $52.57 was recorded on 02/13/24. SMA at 50 days reached $60.70, while 200 days put it at $61.44. A total of 1.97 million shares were traded, compared to the trading of 1.51 million shares in the previous session.
Levels Of Support And Resistance For EQR Stock
The 24-hour chart illustrates a support level at 61.21, which if violated will result in even more drops to 60.89. On the upside, there is a resistance level at 62.16. A further resistance level may holdings at 62.79. The Relative Strength Index (RSI) on the 14-day chart is 48.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.57%. Stochastics %K at 41.59% indicates the stock is a holding.
How much short interest is there in Equity Residential Properties Trust?
A steep rise in short interest was recorded in Equity Residential Properties Trust stocks on Feb 29, 2024, dropping by -0.12 million shares to a total of 5.09 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 5.21 million shares. There was a decline of -2.36%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.85% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.21.
The most recent change occurred on October 03, 2023 when Wedbush began covering the stock and recommended ‘”a Neutral”‘ rating along with a $62 price target.
