Equity Residential
EQR

$74.34

1.41%

Market Cap: $28.2B

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

Financials Real Estate Investment Trusts

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 13 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

52% more first-time investments, than exits

New positions opened: 82 | Existing positions closed: 54

36% more call options, than puts

Call options by funds: $37.7M | Put options by funds: $27.7M

31% more repeat investments, than reductions

Existing positions increased: 258 | Existing positions reduced: 197

19% more capital invested

Capital invested by funds: $20.5B [Q1] → $24.3B (+$3.81B) [Q2]

7.02% more ownership

Funds ownership: 85.61% [Q1] → 92.63% (+7.02%) [Q2]

5% more funds holding

Funds holding: 608 [Q1] → 636 (+28) [Q2]

7% less funds holding in top 10

Funds holding in top 10: 14 [Q1] → 13 (-1) [Q2]

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Research analyst outlook

13 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$68

9%

downside

Avg. target

$77

3%

upside

High target

$85

14%

upside

13 analyst ratings

6 positive

46%

7 neutral

54%

0 negative

0%

Goldman Sachs Julien Blouin 100% 1-year accuracy 4 / 4 met price target	9%upside $81	Neutral Initiated	4 Sept 2024
Truist Securities Michael Lewis 84% 1-year accuracy 37 / 44 met price target	4%upside $77	Buy Maintained	29 Aug 2024
Evercore ISI Group Steve Sakwa 66% 1-year accuracy 31 / 47 met price target	0%downside $74	In-Line Maintained	28 Aug 2024
Scotiabank Nicholas Yulico 68% 1-year accuracy 15 / 22 met price target	4%upside $77	Sector Perform Maintained	26 Aug 2024
Wells Fargo James Feldman 82% 1-year accuracy 14 / 17 met price target	4%upside $77	Equal-Weight Downgraded	26 Aug 2024

See Analyst Rankings

Financial journalist opinion

Based on 11 articles about EQR published over the past 30 days

As Home Prices Hit Highs, These Apartment REITs Offer Growth

Investors might wonder whether the real estate sector will see a demand boon soon. Leaning on the promise of a Federal Reserve interest rate cut by the end of the year, most of the market is on the edge of their seats, and they are getting ready to pour into property.

As Home Prices Hit Highs, These Apartment REITs Offer Growth

Equity Residential Provides Operating Update

CHICAGO--(BUSINESS WIRE)--Equity Residential (NYSE: EQR) today provided an update on certain same store operating trends in its business. Same store revenue growth remains on track within the Company's guidance range as described in its second quarter 2024 earnings release published on July 29, 2024. The Company is finishing its primary leasing season with healthy demand and pricing for its apartment units. The Company continues to expect to produce Blended Rate growth of 2.0% to 3.0% for the t.

Equity Residential Provides Operating Update

Zacks Investment Research

Should You Retain Equity Residential in Your Portfolio Now?

EQR's strategy of targeting affluent renters and portfolio diversification are upsides. However, an elevated supply of rental units is a concern.

Should You Retain Equity Residential in Your Portfolio Now?

A Summer To Remember

U.S. equity markets climbed to record-highs while benchmark interest rates rebounded from eight-month lows on a relatively quiet end-of-summer week as investors parsed a 'Goldilocks' slate of economic data. PCE data showed modest inflationary pressures in July - keeping the Fed on course for multiple rate cuts by year-end - while consumer spending and consumer confidence data topped estimates. Posting gains for a fourth week following a three-week skid in late July, the S&P 500 gained another 0.3% this week. The Dow Jones finished the week at all-time record-highs.

A Summer To Remember

Equity Residential: Good Quality But Pricey

Equity Residential focuses on niche markets in highly dynamic and desirable cities with high home price to income ratios. The company benefits from renters staying due to financial incentives to rent over buying, but faces potential challenges with renter fatigue. Despite high occupancy rates and historical dividend growth, the company's premium valuation may deter some investors, especially in uncertain economic times.

Equity Residential: Good Quality But Pricey

10 REITs With The Best Risk Ratings

REITs have rallied strongly recently, with a 7.93% increase in the past 3 months. Recent economic data suggests rate cuts have changed sentiment towards the real estate sector rapidly. Blue chip REITs still offer upside potential, with UDR, Rexford, and Invitation Homes standing out as potential best values.

10 REITs With The Best Risk Ratings

Chasing Goldilocks

U.S. equity markets rallied while benchmark interest rates remained near the lows of the year after a critical slate of inflation data showed further encouraging signs of cooling price pressures. The Consumer Price Index posted a downside surprise for a fourth straight month, underscored by a "2-Handle" on Headline CPI, which follows a period of historically high inflation from 2021 to 2023. Sparking a renewed "Goldilocks" narrative, Retail Sales data was notably stronger than expected in July - posting its strongest monthly increase in 18 months - while Jobless Claims also moderated.

Chasing Goldilocks

Zacks Investment Research

Equity Residential (EQR) Up 16.5% YTD: Will It Rise Further?

Equity Residential (EQR) is experiencing higher demand for its rental apartments, aiding in higher occupancy and rising rental rates.

Equity Residential (EQR) Up 16.5% YTD: Will It Rise Further?

3 Rental REITs to Buy to Ride the Renter Surge

Fortune.com recently reported that renter households in the US rose by 1.9% in the second quarter, 3x the increase of homeowner households. It is the third consecutive quarter where this happened, suggesting that rental REITs to buy could be a wise investment in the year's second half.

3 Rental REITs to Buy to Ride the Renter Surge

Massive Apartment Deals Demonstrate Value Of Apartment REITs

Equity Residential bought 11 apartments with 3572 units from Blackstone for $964 million, expanding its presence in Dallas, Denver, and Atlanta. Public apartment REITs are trading below asset value, with substantial differences in pricing based on location and quality of properties. Multifamily REITs like BSRTF, NXRT, CSR, and CPT are considered the most compelling investments in the sector, but caution is advised due to potential economic downturn.

Massive Apartment Deals Demonstrate Value Of Apartment REITs

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