Equity Residential of Beneficial Interest (NYSE:EQR) traded at a new 52-week high today of $84.03. This new high was reached on below average trading volume as 589,000 shares traded hands, while the average 30-day volume is approximately 2 million shares.
Equity Residential owns a portfolio of 304 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.
Potential upside of 34.2% exists for Equity Residential of Beneficial Interest, based on a current level of $83.81 and analysts’ average consensus price target of $112.45.
In the past 52 weeks, Equity Residential of Beneficial Interest share prices are bracketed by a low of $45.42 and a high of $84.03 and is now at $83.81, 85% above that low price.
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