NEW YORK (
) hit a new 52-week high Wednesday as it traded at $55.51 compared with its previous 52-Week high of $55.46. Equity is changing hands at $55.48 with 483,496 shares traded as of 12:16 p.m. ET. Average volume has been two million shares over the past 30 days.
Equity has a market cap of $16.1 billion and is part of the
industry. Shares are up 5.3% year to date as of the close of trading on Tuesday.
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, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, disappointing return on equity and poor profit margins. You can view the full
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