Equity Residential (EQR) : Traders are bullish on Equity Residential (EQR) as it has outperformed the S&P 500 by a wide 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 2.04%, relative to the S&P 500. The stock has risen by 2.58% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.47% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.31% and the 50-Day Moving Average is 3.78%.The 200 Day SMA reached 5.63% Equity Residential has dropped 1.36% during the last 3-month period . Year-to-Date the stock performance stands at -10.25%.
Equity Residential (EQR) : The most positive equity analysts on Equity Residential (EQR) expects the shares to touch $76, whereas, the least positive believes that the stock will trade at $60 in the short term. The company is covered by 14 Wall Street Brokerage Firms. The average price target for shares are $68.86 with an expected fluctuation of $5.17 from the mean.
Company shares have received an average consensus rating of Hold for the current week Equity Residential (NYSE:EQR): The stock opened at $64.02 and touched an intraday high of $64.46 on Friday. During the day, the stock corrected to an intraday low of $63.58, however, the bulls stepped in and pushed the price higher to close in the green at $64.42 with a gain of 0.09% for the day. The total traded volume for the day was 4,428,491. The stock had closed at $64.42 in the previous trading session.
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.