Equity Residentials in-depth stock price analysis indicates that the stock price has rallied 5% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -4.06% . Looking at the past 52 week period, the stock price is down -13.13% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of Equity Residential has a negative value of -14.22 compared to overall market performance. Stocks of Equity Residential (NYSE:EQR) rallied by 2.57% during the past week but lost 2.3% on a 4-week basis. The company has outperformed the S&P 500 by 1.74% in the past week but underperformed the index by 4.05% in the last 4 weeks.
Equity Residential (NYSE:EQR) : On Friday heightened volatility was witnessed in Equity Residential (NYSE:EQR) which led to swings in the share price. The stock opened for trading at $61.3 and hit $61.94 on the upside , eventually ending the session at $61.93, with a gain of 0.85% or 0.52 points. The heightened volatility saw the trading volume jump to 1,585,651 shares. The 52-week high of the share price is $75.49 and the company has a market cap of $22,658 million. The 52-week low of the share price is at $58.28 .
Equity Residential Last issued its quarterly earnings results on Jan 31, 2017. The company reported $0.79 EPS for the quarter. Analyst had a consensus estimate of $0.79. The company had revenue of $605.50 million for the quarter, compared to analysts expectations of $608.74 million. The companys revenue was down -13.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.93 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Equity Residential was Upgraded by Morgan Stanley to Equal-Weight on Dec 13, 2016.
Company has reported several Insider transactions to the SEC, on Feb 8, 2017, Ian Kaufman (Chief Accounting Officer) sold 1,421 shares at 60.46 per share price.On Feb 8, 2017, Christa L Sorenson (Executive Vice President) sold 355 shares at 60.46 per share price.On Feb 8, 2017, Alexander Brackenridge (Executive Vice President) sold 1,480 shares at 60.46 per share price.
Equity Residential Prop. is a self-administered and self-managed equity real estate investment trust. The companys subsidiaries include the Operating Partnership, a series of management limited partnerships and companies, the Financing Partnerships, the limited liability companies, and certain other entities.