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Equity Residential Properties Trust (EQR) receives an In-line rating from Evercore ISI

In a filing, Equity Residential Properties Trust revealed 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.

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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.

Evercore ISI downgraded its Equity Residential Properties Trust [EQR] rating to an In-line from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who increased its forecast for the stock in late April from “a Market perform” to “an Outperform”. Raymond James also remained covering EQR and has increased its forecast on March 18, 2024 with a “Mkt perform” recommendation from previously “an Underperform” rating.

Price Performance Review of EQR

On Monday, Equity Residential Properties Trust [NYSE:EQR] saw its stock fall -0.07% to $66.75. Over the last five days, the stock has gained 0.04%. Equity Residential Properties Trust shares have risen nearly 9.14% since the year began. Nevertheless, the stocks have risen 6.10% over the past one year. While a 52-week high of $69.45 was reached on 05/13/24, a 52-week low of $52.57 was recorded on 02/13/24. SMA at 50 days reached $63.21, while 200 days put it at $60.93. A total of 1.41 million shares were traded, compared to the trading of 1.12 million shares in the previous session.

Levels Of Support And Resistance For EQR Stock

The 24-hour chart illustrates a support level at 66.22, which if violated will result in even more drops to 65.68. On the upside, there is a resistance level at 67.44. A further resistance level may holdings at 68.12. The Relative Strength Index (RSI) on the 14-day chart is 63.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.15, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.70%. Stochastics %K at 89.82% indicates the stock is a selling.

The most recent change occurred on January 30, 2024 when Deutsche Bank began covering the stock and recommended ‘”a Hold”‘ rating along with a $64 price target.

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