Shares of Equity Residential (NYSE:EQR) Sees Large Inflow of Net Money Flow

Equity Residential (NYSE:EQR) saw its share price trade relatively negative in the recent trading session. The share price was last updated to $64.26 with a loss of -0.16 points or -0.25%. The net money flow was $5.05 million and the up/down ratio was 1.4. Approximately $17.74 million was the inflow in upticks and $12.69 million was the outflow in downticks. On a weekly measure, the shares have seen a price change of -1.09%.The shares witnessed a block transaction with a net money flow of $5.62 million. The total money in uptick was $5.62 million and in downtick was $0 million with the up/down ratio reaching 0.


Currently the company Insiders own 3.9% of Equity Residential shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -61.62% . Institutional Investors own 99.14% of Equity Residential shares. During last six month period, the net percent change held by insiders has seen a change of -11.39%. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Tennison Mark N, officer (Executive Vice President) of Equity Residential, had unloaded 52,293 shares at an average price of $74.88 in a transaction dated on March 29, 2016. The total value of the transaction was worth $3,915,700.

Equity Residential (NYSE:EQR) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.18 points or 0.28% at $64.24 with 2,077,501 shares getting traded. Post opening the session at $64.5, the shares hit an intraday low of $64.17 and an intraday high of $65.293 and the price was in this range throughout the day. The company has a market cap of $23,480 million and the number of outstanding shares have been calculated to be 365,502,140 shares. The 52-week high of Equity Residential (NYSE:EQR) is $82.39 and the 52-week low is $61.9.

Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Jefferies downgrades its rating on Equity Residential (NYSE:EQR). The rating major has initiated the coverage with hold rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The Analysts at Jefferies lowers the price target from $79 per share to $66 per share. The rating by the firm was issued on June 8, 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.

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