Equity ResidentialEQR
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
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]
Research analyst outlook
13 Wall Street Analysts provided 1 year price targets over the past 3 months
13 analyst ratings
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 |
Financial journalist opinion
Based on 11 articles about EQR published over the past 30 days