Shares of Equity Residential EQR, -2.05% inched 0.23% higher to $83.18 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, -0.56% rising 1.05% to 4,345.72 and the Dow Jones Industrial Average DJIA, -0.81% rising 0.92% to 34,314.67. This was the stock’s third consecutive day of gains. Equity Residential closed $2.86 below its 52-week high ($86.04), which the company achieved on September 2nd.
The stock outperformed some of its competitors Tuesday, as Avalonbay Communities Inc. AVB, -1.56% fell 0.15% to $224.46, UDR Inc. UDR, -1.48% fell 0.39% to $53.53, and Mid-America Apartment Communities Inc. MAA, -1.34% fell 0.48% to $189.67. Trading volume (1.8 M) eclipsed its 50-day average volume of 1.5 M.