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
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
16% more repeat investments, than reductions
Existing positions increased: 252 | Existing positions reduced: 217
14% more first-time investments, than exits
New positions opened: 82 | Existing positions closed: 72
2% more funds holding
Funds holding: 641 [Q2] → 651 (+10) [Q3]
5% less capital invested
Capital invested by funds: $24.5B [Q2] → $23.4B (-$1.19B) [Q3]
10.67% less ownership
Funds ownership: 93.51% [Q2] → 82.84% (-10.67%) [Q3]
15% less funds holding in top 10
Funds holding in top 10: 13 [Q2] → 11 (-2) [Q3]
Research analyst outlook
13 Wall Street Analysts provided 1 year price targets over the past 3 months
13 analyst ratings
Scotiabank Nicholas Yulico 56% 1-year accuracy 18 / 32 met price target | 6%upside $78 | Sector Perform Maintained | 14 Nov 2024 |
RBC Capital Brad Heffern 74% 1-year accuracy 28 / 38 met price target | 7%upside $79 | Outperform Maintained | 1 Nov 2024 |
B of A Securities Jeffrey Spector 50% 1-year accuracy 2 / 4 met price target | 11%upside $82 | Neutral Downgraded | 24 Sept 2024 |
Scotiabank Nicholas Yulico 56% 1-year accuracy 18 / 32 met price target | 10%upside $81 | Sector Perform Maintained | 16 Sept 2024 |
Evercore ISI Group Steve Sakwa 53% 1-year accuracy 31 / 59 met price target | 3%upside $76 | In-Line Maintained | 16 Sept 2024 |
Financial journalist opinion
Based on 11 articles about EQR published over the past 30 days
