Equity Residential Properties Trust’s filing revealed that 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 $1.9 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 $0.76 million.
Barclays initiated its Equity Residential Properties Trust [EQR] rating to an Overweight in a research note published on December 17, 2024; the price target was $83. A number of analysts have revised their coverage, including Stifel’s analysts, who increased its forecast for the stock in mid November from “a Hold” to “a Buy”. BofA Securities also remained covering EQR and has decreased its forecast on September 24, 2024 with a “Neutral” recommendation from previously “Buy” rating. Exane BNP Paribas started covering the stock on September 11, 2024. It rated EQR as “an Outperform”.
Price Performance Review of EQR
On Tuesday, Equity Residential Properties Trust [NYSE:EQR] saw its stock fall -0.94% to $72.77. Over the last five days, the stock has lost -0.18%. Equity Residential Properties Trust shares have risen nearly 18.98% since the year began. Nevertheless, the stocks have risen 18.69% over the past one year. While a 52-week high of $78.83 was reached on 09/16/24, a 52-week low of $57.33 was recorded on 02/13/24. SMA at 50 days reached $73.84, while 200 days put it at $69.54.
Levels Of Support And Resistance For EQR Stock
The 24-hour chart illustrates a support level at 72.47, which if violated will result in even more drops to 72.17. On the upside, there is a resistance level at 73.33. A further resistance level may holdings at 73.89. The Relative Strength Index (RSI) on the 14-day chart is 43.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.53%. Stochastics %K at 11.36% 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 2024-11-29, growing by 1.57 million shares to a total of 6.28 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 4.7 million shares. There was a rise of 25.03%, which implies that there is a positive sentiment for the stock.
