Equity Residential Properties Trust’s filing revealed that its EVP & CHRO Carraway Catherine unloaded Company’s shares for reported $74200.0 on Aug 28 ’24. In the deal valued at $74.20 per share,1,000 shares were sold. As a result of this transaction, Carraway Catherine now holds 10,379 shares worth roughly $0.72 million.
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Then, Carraway Catherine bought 1,000 shares, generating $74,204 in total proceeds.
Before that, Brackenridge Alexander sold 11,212 shares. Equity Residential Properties Trust shares valued at $813,094 were divested by the Executive Vice President & CIO at a price of $72.52 per share. As a result of the transaction, Brackenridge Alexander now holds 58,689 shares, worth roughly $4.06 million.
BofA Securities downgraded its Equity Residential Properties Trust [EQR] rating to a Neutral from a a Buy in a research note published on September 24, 2024; the price target was increased to $82 from $78. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who began to cover the stock in mid September with a ‘”an Outperform”‘ rating. Deutsche Bank also remained covering EQR and has increased its forecast on September 10, 2024 with a “Buy” recommendation from previously “Hold” rating. Goldman started covering the stock on September 04, 2024. It rated EQR as “a Neutral”.
Price Performance Review of EQR
On Friday, Equity Residential Properties Trust [NYSE:EQR] saw its stock fall -1.78% to $69.12. Over the last five days, the stock has lost -7.43%. Equity Residential Properties Trust shares have risen nearly 13.02% since the year began. Nevertheless, the stocks have risen 29.95% over the past one year. While a 52-week high of $78.83 was reached on 09/16/24, a 52-week low of $52.57 was recorded on 02/13/24. SMA at 50 days reached $74.67, while 200 days put it at $67.34.
Levels Of Support And Resistance For EQR Stock
The 24-hour chart illustrates a support level at 68.47, which if violated will result in even more drops to 67.81. On the upside, there is a resistance level at 70.24. A further resistance level may holdings at 71.35. The Relative Strength Index (RSI) on the 14-day chart is 29.02, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.48%. Stochastics %K at 15.22% indicates the stock is a buying.
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 2024-10-15, growing by 0.59 million shares to a total of 5.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 5.34 million shares. There was a rise of 9.92%, which implies that there is a positive sentiment for the stock.
