Equity Residential Property Trust stock trades under the ticker EQR & has shown recent bullishness that traders & investors should research further into.
EQR stock closed at $63.97/share on 11/10/2022.
Equity Residential Property Trust EQR Stock’s Technical Performance Broken Down
EQR Stock Price: $63.97
10 Day Moving Average: $61.78
50 Day Moving Average: $66.69
200 Day Moving Average: $76.10
RSI: 51.27
MACD: -1.439
Yesterday, EQR stock completed a bullish MACD crossover, gaining 7.19% on the day.
Their recent trading volumes are about average compared to the year prior, and their RSI is still neutral, signaling that there may be additional momentum to come in the near-term.
They have support at the $62.82 & $61.67/share price levels, as they try to break above the $64.09 & $65.58/share resistance levels.
Equity Residential Property Trust EQR Stock As A Long-Term Investment
Long-term oriented investors will like EQR stock’s valuation metrics, with a 21.93 P/E (ttm) & a 2.2 P/B (mrq).
They recently reported 11.5% Quarterly Revenue Growth Y-o-Y, despite -25.2% Quarterly Earnings Growth Y-o-Y, which investors may want to research more into.
Their balance sheet will also require an additional examination, iwth $68.2M of Total Cash (mrq) & $7.81B of Total Debt (mrq).
EQR stock pays a 4.15% dividend, however this may not be sustainable in the long-run, as their payout ratio is 84.95%.
Still, 93.34% of EQR stock’s outstanding share float is owned by institutional investors.
Equity Residential Property Trust EQR Stock As A Short-Term Trade Using Options
Traders who are focused on shorter time frames can use options to profit from price movements in EQR stock, while also hedging against broader market volatility.
I am looking at the contracts with the 12/16 expiration date.
The $62.50 & $60 call options are both in the money, with the former being more liquid than the latter.
The $65, $70 & $72.50 puts are also all in-the-money, listed by highest level of open interest.
Tying It All Together
EQR stock has many interesting attributes that traders & investors will find appealing.
Investors will like their valuation metrics, as well as their dividend yield, but they may want to review their balance sheet structure further before investing, as it may hold clues about the longevity of their dividend.
Traders will like their recent technical performance, but may be disappointed by how liquid their options are.
Overall, it is worth taking a closer look into EQR stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF EQR STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***