Equity Residential (EQR) : During the past 4 weeks, traders have been relatively bearish on Equity Residential (EQR), hence the stock is down -5.59% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.35% relative to the S&P 500. The 4-week change in the price of the stock is -4.61% and the stock has fallen -1.29% in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.91% and the 50-Day Moving Average is 1.54%. Equity Residential (NYSE:EQR): stock turned positive on Friday. Though the stock opened at $66.4, the bulls momentum made the stock top out at $67.2 level for the day. The stock recorded a low of $66.075 and closed the trading day at $66.36, in the green by 0.03%. The total traded volume for the day was 1,365,419. The stock had closed at $66.34 in the previous days trading.
The company Insiders own 3.9% of Equity Residential shares according to the proxy statements. Institutional Investors own 95.81% of Equity Residential shares. During last six month period, the net percent change held by insiders has seen a change of -13.84%. Also, Deutsche Bank maintains its rating on Equity Residential (NYSE:EQR). The global brokerage major lowers the current price target from $74 per share to $70 per share. Analysts at the Deutsche Bank have a current rating of Hold on the shares. The rating by the firm was issued on August 10, 2016.
Equity Residential is a real estate investment trust (REIT) focused on the acquisition, development and management of apartment properties in the United States growth markets. ERP Operating Limited Partnership (ERPOP) conducts the multifamily residential property business of Equity Residential. The Company is the general partner and owns an approximate 96.2% ownership interest in ERPOP. The remaining 3.8% interest is owned by limited partners. As of December 31, 2014, the Company, directly or indirectly through investments in title holding entities, owned all or a portion of 391 properties located in 12 states and the District of Columbia consisting of 109,225 apartment units. All of the Companys property ownership, development and related business operations are conducted through ERPOP.