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Is this Large Market Cap Stock target price reasonable for Equity Residential (NYSE:EQR)?

The company in question is, Equity Residential (NYSE:EQR) currently with a stock price of 70.45 (0.71% today). The market cap for Equity Residential is 25890.59, and is in the sector Financial, and REIT – Residential industry. The target price for Equity Residential is 74.02. Currently Equity Residential is trading with a P/E of 6.19, and a forward P/E of 42.52. Average volume for Equity Residential is 2224.09 and so far today it is 566697.

Performance in the last year for Equity Residential has been 7.08%. For EPS growth, Equity Residential has seen a growth of 42.10%, and is looking to grow in the next year to -84.66%. More long term stats show that EPS growth has been 52.40% over the last five years and could be 2.70% for the next five years. Equity Residential has seen sales growth quarter over quarter at -7.10%, with EPS growth quarter over quarter at 1865.70%. The 20-day simple moving average is 4.48%, with the 200-day simple moving average coming to 2.43%.

Since the IPO date for Equity Residential on the 8/12/1993, Equity Residential has seen performance year to date to be -2.54%. With Equity Residential trading at 70.45, the dividend yield is 2.89%, and the EPS is 11.29.

So could Equity Residential, be undervalued? Well as said before P/E is 6.19. The PEG is 2.29, P/S is 9.6 and the P/B is at 2.31. The P/cash is 70.35, with P/free cash flow at *TBA.

Equity Residential ability to deal with debt shows that the current ratio is *TBA, and the quick ratio is *TBA. This is with long term debt/equity at 0.78, and total debt/equity at 0.78.

In terms of margins, Equity Residential has a gross margin of 67.20%, an operating margin of 37.30% and a profit margin of *TBA.Payout ratio for Equity Residential is 18.40%. Return on assets come to 18.90% with return on investment coming to 4.70%.

Insider ownership for Equity Residential, is at 0.80% and institutional ownership comes to 99.00%. Outstanding shares are at 370.13. While shares float is 359.15. The float short is currently 2.03%, and short ratio is 3.27.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Mark Hines

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