Equity Residential traded at $65.70 this Tuesday June 23rd, increasing $0.97 or 1.50 percent since the previous trading session. Looking back, over the last four weeks, Equity Residential gained 0.65 percent. Over the last 12 months, its price fell by 2.72 percent. Looking ahead, we forecast Equity Residential to be priced at 62.77 by the end of this quarter and at 58.97 in one year, according to Trading Economics global macro models projections and analysts expectations.
Equity Residential is a real estate investment trust. The Company is engaged in the acquisition, development, and management of multifamily residential properties, which includes rental and leasing of apartment units to residents. It owns and operates rental apartment properties with a portfolio primarily located in urban and suburban communities in and around Boston, New York, Washington, D.C., Southern California (including Los Angeles, Orange County and San Diego), San Francisco, Seattle and Denver. The Company owns approximately 303 properties located in nine states and the District of Columbia consisting of approximately 78,107 apartment units.