Large Inflow of Money Witnessed in Equity Residential

Equity Residential (NYSE:EQR) : On Wednesday, The money flowed into the Equity Residential (NYSE:EQR) stock with an uptick to downtick ratio was recorded at 1.12. Transactions worth $9.87 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $8.85 million. The total money flow into the stock was $1.02 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $1.08 million of block transactions on upticks. The total money flow in block trades was $1.08 million. In terms of price action, Equity Residential (NYSE:EQR) traded down $0.06 during the session at $67.73. Compared to the previous days closing, the stock was down only by -0.09%. For the week, the stock is 3.4%, over previous weeks closing.


In an insider trading activity, The officer (Executive Vice President), of Equity Residential, Tennison Mark N had unloaded 52,293 shares at $74.88 per share in a transaction on March 29, 2016. The total value of transaction was $3,915,700. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 3.9% of Equity Residential shares according to the proxy statements. Institutional Investors own 98.63% of Equity Residential shares. During last six month period, the net percent change held by insiders has seen a change of -10.86%.

The company shares have dropped -5.37% from its 1 Year high price. On Dec 31, 2015, the shares registered one year high at $82.39 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $66.88 and the 200 Day Moving Average price is recorded at $72.62. Equity Residential (NYSE:EQR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $68.00 and $67.52 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $68.88. The buying momentum continued till the end and the stock did not give up its gains. It closed at $68.01, notching a gain of 0.32% for the day. The total traded volume was 1,599,557 . The stock had closed at $67.79 on the previous day.

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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