Equity Residential Properties Trust’s recently made public that its Director HABEN MARY KAY unloaded Company’s shares for reported $0.21 million on Apr 26 ’24. In the deal valued at $65.48 per share,3,241 shares were sold. As a result of this transaction, HABEN MARY KAY now holds 9,720 shares worth roughly $0.65 million.
Then, Brackenridge Alexander sold 4,027 shares, generating $261,795 in total proceeds. Upon selling the shares at $65.01, the Executive Vice President & CIO now owns 69,901 shares.
Before that, Garechana Robert sold 876 shares. Equity Residential Properties Trust shares valued at $50,633 were divested by the EVP & Chief Financial Officer at a price of $57.80 per share. As a result of the transaction, Garechana Robert now holds 20,933 shares, worth roughly $1.4 million.
BMO Capital Markets upgraded its Equity Residential Properties Trust [EQR] rating to an Outperform from a a Market perform in a research note published on April 22, 2024; the price target was increased to $70 from $68. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in mid March from “an Underperform” to “a Mkt perform”. Deutsche Bank started covering the stock on January 30, 2024. It rated EQR as “a Hold”.
Price Performance Review of EQR
On Monday, Equity Residential Properties Trust [NYSE:EQR] saw its stock jump 1.23% to $66.72. Over the last five days, the stock has gained 2.17%. Equity Residential Properties Trust shares have risen nearly 9.09% since the year began. Nevertheless, the stocks have risen 6.79% over the past one year. While a 52-week high of $69.45 was reached on 05/06/24, a 52-week low of $52.57 was recorded on 02/13/24. SMA at 50 days reached $62.53, while 200 days put it at $60.95. A total of 1.44 million shares were traded, compared to the trading of 1.64 million shares in the previous session.
Levels Of Support And Resistance For EQR Stock
The 24-hour chart illustrates a support level at 66.11, which if violated will result in even more drops to 65.50. On the upside, there is a resistance level at 67.05. A further resistance level may holdings at 67.38. The Relative Strength Index (RSI) on the 14-day chart is 66.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.13, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.76%. Stochastics %K at 93.48% indicates the stock is a selling.
