Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Equity Residential Properties Trust shares valued at $212,221 were sold by HABEN MARY KAY on Apr 26 ’24. At $65.48 per share, HABEN MARY KAY sold 3,241 shares. The insider’s holdings dropped to 9,720 shares worth approximately $0.64 million following the completion of this transaction.
Also, Brackenridge Alexander sold 4,027 shares, netting a total of over 261,795 in proceeds. Following the sale of shares at $65.01 each, the insider now holds 69,901 shares.
Before that, Garechana Robert had sold 876 shares from its account. In a trade valued at $50,633, the EVP & Chief Financial Officer traded Equity Residential Properties Trust shares for $57.80 each. Upon closing the transaction, the insider’s holdings decreased to 876 shares, worth approximately $1.37 million.
As published in a research note from BMO Capital Markets on April 22, 2024, Equity Residential Properties Trust [EQR] has been rated up from a Market perform to an Outperform and the price target has been revised to $70 from $68. Analysts at Raymond James upgraded the stock from ‘”an Underperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid March. Earlier on January 30, 2024, Deutsche Bank initiated its rating. Their recommendation was “a Hold” for EQR stock.
Analyzing EQR Stock Performance
During the last five days, there has been a surge of approximately 1.05%. Over the course of the year, Equity Residential Properties Trust shares have jumped approximately 7.19%. Shares of the company reached a 52-week high of $66.07 on 04/26/24 and a 52-week low of $57.33 on 02/13/24. A 50-day SMA is recorded $62.29, while a 200-day SMA reached $60.97. Nevertheless, trading volume fell to 2.44 million shares from 2.36 million shares the previous day.
Support And Resistance Levels for Equity Residential Properties Trust (EQR)
According to the 24-hour chart, there is a support level at 64.32, which, if violated, would cause prices to drop to 63.09. In the upper region, resistance lies at 66.23. The next price resistance is at 66.91. RSI (Relative Strength Index) is 62.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.61, which suggests the price will increase in the coming days. Percent R is at 7.74%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
