Equity Residential
About: Equity Residential owns a portfolio of 299 apartment communities with around 80,000 units and is developing three additional properties with 977 units. The company focuses on owning large, high-quality properties in the urban and suburban submarkets of Southern California, San Francisco, Washington, D.C., New York, Seattle, and Boston.
Employees: 2,400
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
79% more call options, than puts
Call options by funds: $36.3M | Put options by funds: $20.3M
32% more first-time investments, than exits
New positions opened: 83 | Existing positions closed: 63
15% more repeat investments, than reductions
Existing positions increased: 256 | Existing positions reduced: 223
3% more funds holding
Funds holding: 643 [Q2] → 663 (+20) [Q3]
5% less capital invested
Capital invested by funds: $24.5B [Q2] → $23.4B (-$1.16B) [Q3]
10.56% less ownership
Funds ownership: 93.52% [Q2] → 82.96% (-10.56%) [Q3]
15% less funds holding in top 10
Funds holding in top 10: 13 [Q2] → 11 (-2) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$78
9%
upside
Avg. target
$81
13%
upside
High target
$83
16%
upside
4 analyst ratings
2 positive
50%
2 neutral
50%
0 negative
0%
Barclays Richard Hightower 25% 1-year accuracy 2 / 8 met price target | 16%upside $83 | Overweight Initiated | 17 Dec 2024 |
Scotiabank Nicholas Yulico 43% 1-year accuracy 15 / 35 met price target | 9%upside $78 | Sector Perform Maintained | 14 Nov 2024 |
RBC Capital Brad Heffern 47% 1-year accuracy 18 / 38 met price target | 11%upside $79 | Outperform Maintained | 1 Nov 2024 |
B of A Securities Jeffrey Spector 50% 1-year accuracy 2 / 4 met price target | 15%upside $82 | Neutral Downgraded | 24 Sept 2024 |
Financial journalist opinion
Based on 5 articles about EQR published over the past 30 days
Positive
Zacks Investment Research
3 days ago
Is it Wise to Retain Equity Residential Stock in Your Portfolio Now?
EQR is set to gain from healthy renter demand and strategic portfolio repositioning efforts. Yet, elevated supply and high interest expenses remain concerns.
Neutral
Business Wire
1 week ago
Equity Residential Declares Fourth Quarter Dividends
CHICAGO--(BUSINESS WIRE)--Equity Residential (NYSE: EQR) today announced that its Board of Trustees declared quarterly dividends on the Company's common and preferred shares. A regular common share dividend for the fourth quarter of $0.675 per share will be paid on January 17, 2025 to shareholders of record on January 2, 2025. A quarterly dividend of $1.03625 per share will be paid on December 31, 2024 to shareholders of record on December 20, 2024 of the Company's Series K Preferred Shares. Ab.
Positive
Seeking Alpha
2 weeks ago
Buy 3 December Barron's Better Bet 'Safer' Dividend Dogs Of 23
Long-term bond yields continue to rise. But investors looking for income can still find plenty of attractive opportunities with dividend-paying stocks that have healthy yields. “23 stocks pay huge dividends. They should be a better bet than treasuries.” —Barron's Weekly. In an interview, Steven Wieting, strategist at Citi-Wealth, noted that a growing-dividend is a tangible-benefit for shareholders and a-hallmark-of companies with strong-balance-sheets. “Nobody can fake a dividend,” he said.
Neutral
Business Wire
3 weeks ago
Equity Residential Receives Nareit 2024 Residential Leader in the Light Award
CHICAGO--(BUSINESS WIRE)--Equity Residential (NYSE: EQR), a recognized leader in corporate responsibility, today announced that the Company was named Nareit's 2024 Leader in the Light recipient for the Residential sector. This is the fourth time that Equity Residential has received this honor. The Leader in the Light awards are given to REITs that demonstrate leadership in implementing sustainable and socially responsible investment and operating practices, good governance and transparency. “We.
Positive
Zacks Investment Research
4 weeks ago
Equity Residential Stock Rises 20.9% YTD: Will the Trend Continue?
Healthy demand for rental units in its markets is likely to aid EQR. Its portfolio diversification efforts and decent financial position bode well.
Positive
Seeking Alpha
1 month ago
Buy 7 November Barron's Better Bet DiviDogs Of 23 & Watch 3 More To Be 'Safer'
Long-term bond yields continue to rise. But investors looking for income can still find plenty of attractive opportunities with dividend-paying stocks that have healthy yields. “23 stocks pay huge dividends. They should be a better bet than treasuries.” —Barron's Weekly. In an interview with Barron's, Steven Wieting, strategist at Citi Wealth, stated a growing dividend is a shareholder benefit and a hallmark of strong balance-sheets. “Nobody can fake a dividend,” he-said.
Neutral
CNBC
1 month ago
Companies brace for Tuesday: Mentions of election surge on company conference calls
More companies are talking publicly with investors about the presidential election than in recent cycles.
Neutral
Seeking Alpha
1 month ago
Equity Residential (EQR) Q3 2024 Earnings Call Transcript
Equity Residential (NYSE:EQR ) Q3 2024 Earnings Conference Call October 31, 2024 11:30 AM ET Company Participants Marty McKenna – Vice President, Investor Relations Mark Parrell – President and Chief Executive Officer Alex Brackenridge – Chief Investment Officer Michael Manelis – Chief Operating Officer Bob Garechana – Chief Financial Officer Conference Call Participants Eric Wolfe – Citi Steve Sakwa – Evercore ISI Haendel St. Juste – Mizuho Alexander Goldfarb – Piper Sandler John Pawlowski – Green Street John Kim – BMO Capital Markets Michael Goldsmith – UBS Adam Kramer – Morgan Stanley Josh Dennerlein – Bank of America Julien Blouin – Goldman Sachs Jamie Feldman – Wells Fargo Linda Tsai – Jefferies Alex Kim – Zelman & Associates Rich Anderson – Wedbush Operator Good day, and welcome to the Equity Residential Third Quarter 2024 Earnings Conference Call and Webcast. Today's conference is being recorded.
Positive
Zacks Investment Research
1 month ago
Equity Residential Q3 FFO Meets Estimates, Revenues Increase Y/Y
EQR's Q3 results reflect decent same-store performances, backed by healthy demand amid modest supply.
Positive
Zacks Investment Research
1 month ago
Compared to Estimates, Equity Residential (EQR) Q3 Earnings: A Look at Key Metrics
The headline numbers for Equity Residential (EQR) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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