Equity Reaches New 52-Week High (EQR) - TheStreet

NEW YORK (

TheStreet

) --

Equity Residential

(NYSE:

EQR

) hit a new 52-week high Friday as it is currently trading at $60.60, above its previous 52-week high of $60.58 with 1.3 million shares traded as of 4:01 p.m. ET. Average volume has been 1.7 million shares over the past 30 days.

Equity has a market cap of $17.6 billion and is part of the

financial

sector and

real estate

industry. Shares are up 16.4% year to date as of the close of trading on Thursday.

Equity Residential, a real estate investment trust (REIT), engages in the acquisition, development, and management of multifamily properties in the United States.

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TheStreet Ratings rates Equity as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and increase in net income. However, as a counter to these strengths, we also find weaknesses including generally poor debt management and poor profit margins. You can view the full

Equity Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

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