Large-cap Real Estate company Equity Residential has moved -3.8% so far today on a volume of 522,785, compared to its average of 1,609,942. In contrast, the S&P 500 index moved -1.0%.
Equity Residential trades -9.7% away from its average analyst target price of $78.78 per share. The 19 analysts following the stock have set target prices ranging from $73.0 to $85.0, and on average have given Equity Residential a rating of hold.
Anyone interested in buying EQR should be aware of the facts below:
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Equity Residential's current price is 89.8% above its Graham number of $37.47, which implies that at its current valuation it does not offer a margin of safety
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Equity Residential has moved 36.5% over the last year, and the S&P 500 logged a change of 34.6%
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Based on its trailing earnings per share of 2.45, Equity Residential has a trailing 12 month Price to Earnings (P/E) ratio of 29.0 while the S&P 500 average is 29.3
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EQR has a forward P/E ratio of 42.1 based on its forward 12 month price to earnings (EPS) of $1.69 per share
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The company has a price to earnings growth (PEG) ratio of -32.91 — a number near or below 1 signifying that Equity Residential is fairly valued compared to its estimated growth potential
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Its Price to Book (P/B) ratio is 2.49 compared to its sector average of 2.15
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Equity Residential is committed to creating communities where people thrive.
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Based in Chicago, the company has 2,400 full time employees and a market cap of $27.8 Billion. Equity Residential currently returns an annual dividend yield of 3.6%.
