Chicago, Illinois-based Equity Residential (EQR) is a real estate company that acquires, develops and manages residential rental properties. Valued at a market cap of $26.9 billion, the company primarily owns and operates high-quality apartment communities located in urban and high-density suburban areas across key U.S. markets such as Boston, New York, Washington D.C., Southern California, San Francisco, Seattle, and Denver.
Shares of this residential REIT have lagged behind the broader market over the past 52 weeks. EQR has gained 4.9% over this time frame, while the broader S&P 500 Index ($SPX) has surged 11.5%. Moreover, on a YTD basis, the stock is down 1.3%, compared to SPX’s marginal rise.
