Equity Residential of Beneficial Interest (NYSE:EQR) traded at a new 52-week high today of $88.06. This new high was reached on below average trading volume as 668,000 shares traded hands, while the average 30-day volume is approximately 1.6 million shares.
Equity Residential of Beneficial Interest share prices have moved between a 52-week high of $88.06 and a 52-week low of $45.42 and are now trading 94% above that low price at $87.90 per share.
Equity Residential owns a portfolio of 303 apartment communities with around 78,000 units and is developing three additional properties with 825 units. The company focuses on owning large, high-quality properties in the urban and suburban submarkets of Southern California, San Francisco, Washington, D.C., New York, Seattle, and Boston.
Based on a current price of $87.90, Equity Residential of Beneficial Interest is currently 13.9% above its average consensus analyst price target of $75.70.
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