In a filing, Equity Residential Properties Trust revealed its Executive Vice President & COO Manelis Michael L unloaded Company’s shares for reported $0.14 million on Nov 07 ’24. In the deal valued at $71.50 per share,2,000 shares were sold. As a result of this transaction, Manelis Michael L now holds 26,053 shares worth roughly $2.0 million.
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Then, Manelis Michael L bought 2,000 shares, generating $143,000 in total proceeds.
Before that, Carraway Catherine sold 1,000 shares. Equity Residential Properties Trust shares valued at $74,200 were divested by the EVP & CHRO at a price of $74.20 per share. As a result of the transaction, Carraway Catherine now holds 10,379 shares, worth roughly $0.8 million.
Stifel upgraded its Equity Residential Properties Trust [EQR] rating to a Buy from a a Hold in a research note published on November 13, 2024; the price target was increased to $81.50 from $77.75. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in late September from “a Buy” to “a Neutral”. Exane BNP Paribas began covering EQR with “an Outperform” recommendation on September 11, 2024. Deutsche Bank revised its rating on September 10, 2024. It rated EQR as “a Buy” which previously was an “a Hold”.
Price Performance Review of EQR
On Friday, Equity Residential Properties Trust [NYSE:EQR] saw its stock fall -1.06% to $76.66. Over the last five days, the stock has gained 2.15%. Equity Residential Properties Trust shares have risen nearly 25.34% since the year began. Nevertheless, the stocks have risen 35.49% over the past one year. While a 52-week high of $78.83 was reached on 09/16/24, a 52-week low of $56.05 was recorded on 02/13/24. SMA at 50 days reached $74.08, while 200 days put it at $68.75.
Levels Of Support And Resistance For EQR Stock
The 24-hour chart illustrates a support level at 76.25, which if violated will result in even more drops to 75.84. On the upside, there is a resistance level at 77.41. A further resistance level may holdings at 78.16. The Relative Strength Index (RSI) on the 14-day chart is 60.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.14, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 28.67%. Stochastics %K at 81.63% indicates the stock is a selling.
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 2024-11-15, dropping by -0.37 million shares to a total of 5.56 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 5.93 million shares. There was a decline of -6.65%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 04, 2024 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $81 price target.
