Shares of Equity Residential of Beneficial Interest (NYSE:EQR) traded today at $88.83, eclipsing its 52-week high. This new high was reached on below average trading volume as 595,000 shares traded hands, while the average 30-day volume is approximately 1.5 million shares.
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.
Equity Residential of Beneficial Interest (NYSE:EQR) defies analysts with a current price ($88.48) 13.6% above its average consensus price target of $76.44.
In the past 52 weeks, shares of Equity Residential of Beneficial Interest have traded between a low of $56.08 and a high of $88.83 and is now at $88.48, which is 58% above that low price.
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