Equity Residential Stock Underperforms Friday When Compared To Competitors
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Equity Residential (EQR) shares fell 1.75% to $63.88 on Friday, marking the fourth consecutive day of losses. The stock is now 11.03% below its 52-week high of $71.80. In comparison, competitors Avalonbay Communities Inc. (AVB), UDR Inc. (UDR), and Mid-America Apartment Communities Inc. (MAA) also experienced declines. The S&P 500 Index dropped 1.24% and the Dow Jones Industrial Average fell 1.07%. Trading volume was below average at 2.1 million shares.
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