Equity Residential (EQR) Shares are Up 1.08%

Equity Residential (EQR) : Traders are bullish on Equity Residential (EQR) as it has outperformed the S&P 500 by a margin of 0.57% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.46%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.08% in the last 1 week, and is up 7.36% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Equity Residential (NYSE:EQR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $69.96 and $69.64 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $70.58. The buying momentum continued till the end and the stock did not give up its gains. It closed at $70.32, notching a gain of 0.53% for the day. The total traded volume was 2,021,338 . The stock had closed at $69.95 on the previous day.


The stock has recorded a 20-day Moving Average of 1.67% and the 50-Day Moving Average is 4.29%. Equity Residential is up 0.28% in the last 3-month period. Year-to-Date the stock performance stands at -2.03%.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.