Equity Residential Properties Trust’s filing revealed that its Executive Vice President & COO Manelis Michael L unloaded Company’s shares for reported $0.68 million on Feb 06 ’25. In the deal valued at $72.07 per share,9,487 shares were sold. As a result of this transaction, Manelis Michael L now holds 26,781 shares worth roughly $1.92 million.
Then, Kaufman Ian sold 642 shares, generating $46,263 in total proceeds. Upon selling the shares at $72.06, the Chief Accounting Officer now owns 25,539 shares.
Before that, Garechana Robert sold 4,294 shares. Equity Residential Properties Trust shares valued at $309,426 were divested by the EVP & Chief Financial Officer at a price of $72.06 per share. As a result of the transaction, Garechana Robert now holds 14,108 shares, worth roughly $1.01 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 Friday, Equity Residential Properties Trust [NYSE:EQR] saw its stock fall -0.14% to $71.56. Over the last five days, the stock has gained 0.06%. Equity Residential Properties Trust shares have fallen nearly -0.28% since the year began. Nevertheless, the stocks have risen 20.53% over the past one year. While a 52-week high of $78.54 was reached on 02/06/25, a 52-week low of $58.08 was recorded on 01/10/25. SMA at 50 days reached $70.71, while 200 days put it at $71.16.
Levels Of Support And Resistance For EQR Stock
The 24-hour chart illustrates a support level at 70.98, which if violated will result in even more drops to 70.40. On the upside, there is a resistance level at 72.03. A further resistance level may holdings at 72.51. The Relative Strength Index (RSI) on the 14-day chart is 54.75, 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 29.02%. Stochastics %K at 67.72% indicates the stock is a holding.
