Equity Residential of Beneficial Interest (NYSE:EQR) traded at a new 52-week high today of $84.56. So far today approximately 444,000 shares have been exchanged, as compared to an average 30-day volume of 1.9 million shares.
Equity Residential of Beneficial Interest share prices have moved between a 52-week high of $84.56 and a 52-week low of $45.42 and are now trading 86% above that low price at $84.41 per share.
Potential upside of 37.3% exists for Equity Residential of Beneficial Interest, based on a current level of $84.41 and analysts’ average consensus price target of $115.89.
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.
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