Equity Residential (EQR) : During the past 4 weeks, traders have been relatively bearish on Equity Residential (EQR), hence the stock is down -6.95% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.54% relative to the S&P 500. The 4-week change in the price of the stock is -4.64% and the stock has fallen -1.12% in the past 1 week.
Equity Residential (NYSE:EQR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $66.57 and $66.11 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $67.23. The buying momentum continued till the end and the stock did not give up its gains. It closed at $67.23, notching a gain of 1.31% for the day. The total traded volume was 2,018,100 . The stock had closed at $66.36 on the previous day.
The stock has recorded a 20-day Moving Average of 2.77% and the 50-Day Moving Average is 0.29%. Equity Residential has dropped 4.83% during the last 3-month period . Year-to-Date the stock performance stands at -6.33%.
Equity Residential (EQR) : The highest level Equity Residential (EQR) is projected to reach is $76 for the short term and the lowest estimate is at $60. The consolidated price target from 15 rating analysts who initiate coverage on the stock is $69.6 and the possibility the share price can swing is $5.45.
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.