Equity Residential Properties Trust’s filing revealed that its Director BYNOE LINDA unloaded Company’s shares for reported $0.21 million on May 31 ’24. In the deal valued at $64.23 per share,3,241 shares were sold. As a result of this transaction, BYNOE LINDA now holds 20,112 shares worth roughly $1.33 million.
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Then, HABEN MARY KAY sold 3,241 shares, generating $212,221 in total proceeds. Upon selling the shares at $65.48, the Director now owns 9,720 shares.
Before that, Brackenridge Alexander sold 4,027 shares. Equity Residential Properties Trust shares valued at $261,795 were divested by the Executive Vice President & CIO at a price of $65.01 per share. As a result of the transaction, Brackenridge Alexander now holds 69,901 shares, worth roughly $4.62 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 jump 1.51% to $66.05. Over the last five days, the stock has gained 0.96%. Equity Residential Properties Trust shares have risen nearly 8.00% since the year began. Nevertheless, the stocks have risen 1.26% over the past one year. While a 52-week high of $69.45 was reached on 05/15/24, a 52-week low of $52.57 was recorded on 02/13/24. SMA at 50 days reached $64.42, while 200 days put it at $61.01. A total of 1.28 million shares were traded, compared to the trading of 2.17 million shares in the previous session.
Levels Of Support And Resistance For EQR Stock
The 24-hour chart illustrates a support level at 65.04, which if violated will result in even more drops to 64.03. On the upside, there is a resistance level at 66.80. A further resistance level may holdings at 67.55. The Relative Strength Index (RSI) on the 14-day chart is 55.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.11%. Stochastics %K at 60.82% indicates the stock is a holding.
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.
