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

Equity Residential (EQR) dropped slightly amid mild profit booking and the last known price was $59.67 per share. The price decreased by -1.1 points or -1.81% which made the investors to buy on weakness. For the latest trading session, the net money flow was recorded at $5.77 million. The total upticks were valued at $49.43 million and the total downticks aggregated to $43.66 million, thereby putting the up/down ratio at 1.13,. The shares has seen a change in the share price of -2.21% on a weekly basis.In a big block trade which occurred today, the total uptick value was $15.29 million and the total downtick value was $13.15, resulting in an up/down ratio of 1.16. The net money flow for the block trade was calculated to be $2.14 million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Equity Residential has lost 2.92% in the last five trading days and dropped 6.93% in the last 4 weeks. Equity Residential has dropped 2.22% during the last 3-month period . Year-to-Date the stock performance stands at -6.93%. Equity Residential (NYSE:EQR) witnessed a decline in the market cap on Wednesday as its shares dropped 1.43% or 0.87 points. After the session commenced at $60.74, the stock reached the higher end at $61.03 while it hit a low of $59.49. With the volume soaring to 4,693,219 shares, the last trade was called at $59.9. The company has a 52-week high of $77.8. The company has a market cap of $21,903 million and there are 365,662,890 shares in outstanding. The 52-week low of the share price is $58.28.

Company has reported several Insider transactions to the SEC, on Dec 29, 2016, David S Santee (Executive Vice President & COO) sold 3,000 shares at 62.75 per share price.On Dec 19, 2016, Alan W George (Executive Vice President & CIO) sold 25,000 shares at 64.00 per share price.On Mar 30, 2016, Mark J. Parrell (Executive Vice President & CFO) sold 36,874 shares at 74.40 per share price.

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. Equity Residential was Reiterated by RBC Capital Mkts on Nov 10, 2016 to Sector Perform, Lowers Price Target to $ 67 from a previous price target of $70 .

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.


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