Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Equity Residential Properties Trust shares valued at $683,761 were sold by Manelis Michael L on Feb 06 ’25. At $72.07 per share, Manelis Michael L sold 9,487 shares. The insider’s holdings dropped to 26,781 shares worth approximately $1.93 million following the completion of this transaction.
Also, Kaufman Ian sold 642 shares, netting a total of over 46,263 in proceeds. Following the sale of shares at $72.06 each, the insider now holds 25,539 shares.
Before that, Garechana Robert had sold 4,294 shares from its account. In a trade valued at $309,426, the EVP & Chief Financial Officer traded Equity Residential Properties Trust shares for $72.06 each. Upon closing the transaction, the insider’s holdings decreased to 4,294 shares, worth approximately $1.01 million.
As published in their initiating research note from Barclays on December 17, 2024, Equity Residential Properties Trust [EQR] has been an Overweight and the price target has been revised to $83. Analysts at Stifel upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid November. As of September 24, 2024, BofA Securities has decreased its “Buy” rating to a “Neutral” for EQR. Earlier on September 11, 2024, Exane BNP Paribas initiated its rating. Their recommendation was “an Outperform” for EQR stock.
Analyzing EQR Stock Performance
During the last five days, there has been a drop of approximately -2.40%. Over the course of the year, Equity Residential Properties Trust shares have jumped approximately 0.21%. Shares of the company reached a 52-week high of $75.86 on 03/04/25 and a 52-week low of $66.64 on 01/10/25. A 50-day SMA is recorded $70.86, while a 200-day SMA reached $71.45.
Support And Resistance Levels for Equity Residential Properties Trust (EQR)
According to the 24-hour chart, there is a support level at 71.13, which, if violated, would cause prices to drop to 70.36. In the upper region, resistance lies at 72.92. The next price resistance is at 73.94. RSI (Relative Strength Index) is 49.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.38, which suggests the price will decrease in the coming days. Percent R is at 74.11%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
