Equity Residential (EQR) : During the past 4 weeks, traders have been relatively bearish on Equity Residential (EQR), hence the stock is down -3.8% 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 -0.44% relative to the S&P 500. The stock has risen by 0.06% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.93% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 2.01% and the 50-Day Moving Average is 4.47%.The 200 Day SMA reached 5.71%. Equity Residential is up 2.3% in the last 3-month period. Year-to-Date the stock performance stands at -10.01%.
Equity Residential (NYSE:EQR): After opening at $64.68, the stock dipped to an intraday low of $64.01 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $65.36 and the buying power remained strong till the end. The stock closed at $64.59 for the day, a gain of 0.28% for the day session. The total traded volume was 1,994,586. The stocks close on the previous trading day was $64.41.
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.