NEW YORK (
) hit a new 52-week high Monday as it traded at $55.30 compared with its previous 52-Week high of $55.29. Equity is changing hands at $55.30 with 1.8 million shares traded as of 2:45 p.m. ET. Average volume has been 1.9 million shares over the past 30 days.
Equity has a market cap of $14.9 billion and is part of the
industry. Shares are up 2.7% year to date as of the close of trading on Friday.
Equity Residential, a real estate investment trust (REIT), engages in the acquisition, development, and management of multifamily properties in the United States.
TheStreet Ratings rates Equity as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including poor profit margins and feeble growth in the company's earnings per share. You can view the full
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