Large Outflow of Money Witnessed in Equity Residential

Equity Residential (EQR) : Money flow in the Equity Residential (EQR) stock was negative (5.66 million) on Friday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $22.15 million, compared to $27.81 million on downticks. The total uptick to downtick ratio was 0.8, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($5.53 million), indicating selling on the strength. The transaction value during uptick in block trades was $8.82 million. Downtick transaction value in block trades amounted to $14.35 million, indicating persistent selling. The uptick to downtick ratio was 0.61. Equity Residential (EQR) traded $0.36 higher at $70.31 gaining 0.51% over the previous days close.


Equity Residential (EQR) : The highest short term price target forecast on Equity Residential (EQR) is $82 and the lowest target price is $62. A total of 16 equity analysts are currently covering the company. The average price of all the analysts is $74.41 with a standard deviation of $4.13.

Equity Residential (NYSE:EQR): stock turned positive on Friday. Though the stock opened at $69.96, the bulls momentum made the stock top out at $70.58 level for the day. The stock recorded a low of $69.64 and closed the trading day at $70.32, in the green by 0.53%. The total traded volume for the day was 2,021,338. The stock had closed at $69.95 in the previous days trading.

In a related news, Tennison Mark N, officer (Executive Vice President) of Equity Residential, unloaded 52,293 shares at an average price of $74.88 on March 29, 2016. The total amount of the transaction was worth $3,915,700, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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.

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