Shares of Equity Residential of Beneficial Interest (NYSE:EQR) traded today at $83.28, eclipsing its 52-week high. This new high was reached on below average trading volume as 521,000 shares traded hands, while the average 30-day volume is approximately 2 million shares.
There is potential upside of 31.6% for shares of Equity Residential of Beneficial Interest based on a current price of $83.06 and an average consensus analyst price target of $109.27.
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.
Equity Residential of Beneficial Interest share prices have moved between a 52-week high of $83.28 and a 52-week low of $45.42 and are now trading 83% above that low price at $83.06 per share.
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