The Latest Correction Seems To Be Justified? Equity Residential (EQR)

    Garechana Robert, EVP & Chief Financial Officer, subtracted 4,974 shares of Equity Residential (EQR) from its portfolio at the rate of $79.00 per share valuing $392,946 on Jun 20. The insider left behind 14,764 shares of the company to its portfolio. Before making a move on any particular stock, readers often pay close attention to support and resistance markers. The last reported price for shares of Equity Residential (EQR) was $79.32. Currently, the 1st Resistance Point for this stock is $79.71, with a 2nd Resistance Point sitting at $80.11. Meanwhile, this company’s stock has a 1st Support Level at $78.68 and a 2nd Support Level at $78.05. Equity Residential (EQR) stock has gained $3.18, or 2.44%, in the past five days. In the last full month, these shares have gained $1.34, or 1.72%. In the past three months, this stock’s price has risen by $3.93, or 5.21%. This year-to-date, Equity Residential (EQR) shares have gained $13.31, or 20.16%.

    Analyzing price projection indicators is a helpful way to determine whether a potential stock buy is a wise choice for profits in the short term, medium term, and long term. For Equity Residential (EQR) stock, 80% of short-term indicators suggest that these shares are a “ Buy .” Meanwhile, 100% of medium-term indicators point to this stock being a “ Buy .” Looking further ahead, 100% of long-term indicators suggest that this stock is a “ Buy .”

    With 370,536 K shares outstanding, this company currently has a market capitalization of $29,209,354K. Equity Residential (EQR) generates $2,578 M in annual sales, amounting to annual net income of $657,540 K. This stock has generated a 1-Year Total Return of 22.88%, a 3-Year Total Return of 14.01%, and a 5-year Total Return of 22.41%. This stock’s 5-Year Dividend Growth is 16.76%, with its most recent dividend valued at $0.567 per share on 06/27/19. Its Annual Dividend Yield is 2.88%, and its Annual Dividend Rate is 2.27.

    In the most recently-reported fiscal quarter, which ended in Mar-19, Equity Residential (EQR) reported earnings of $0.82 per share. Wall Street analysts, on average, were expecting the company to report earnings of $0.81 per share, representing a 0.01 difference and 0.80% surprise. In the previous quarter ending in Dec-18, the reported earnings of $0.84 represented a -0.01 difference from the consensus estimate calling for $0.85 per share, which was a 1.70% surprise.

    For the current fiscal quarter, which is set to end in 06/2019, the average earnings estimate is $0.85 per share. This estimate came from a total of 10 Wall Street Analysts. Of those market experts, the high estimate was $0.87 and the low estimate was $0.84. In the year-ago quarter, Equity Residential (EQR) generated per-share earnings of $0.81. If the analysts are correct about the current quarter’s earnings, the growth will be +4.94%.

    Turning our focus now to insider trading activity, there have been 17 purchases (198,071 shares in total) and 9 sale (185,173 shares in total) in the last 3 months. In the last 6 months, there have been 50 insider buys amounting to 529,944 shares and 35 insider sales amounting to 480,959 shares. In the past full year, 74 insider purchases were made (involving 1,243,855 shares) and 60 insider sell-offs equivalent to 909,210 shares.

    Looking at this company’s capital structure, its Total Debt to Total Equity is 86.68, its Total Debt to Total Capital is 46.43, and its Total Debt to Total Assets is now 43.24. Looking even further ahead into the future, its Long-Term Debt to Equity is 77.38 and its Long-Term Debt to Total Capital is 41.30.