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 6,823 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
51% more first-time investments, than exits
New positions opened: 83 | Existing positions closed: 55
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]
6% less capital invested
Capital invested by funds: $25.2B [Q2] → $23.7B (-$1.54B) [Q3]
12.08% less ownership
Funds ownership: 96.11% [Q2] → 84.03% (-12.08%) [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
$74
6%
upside
Avg. target
$79
13%
upside
High target
$83
19%
upside
4 analyst ratings
2 positive
50%
2 neutral
50%
0 negative
0%
Mizuho Vikram Malhorta 67% 1-year accuracy 12 / 18 met price target | 6%upside $74 | Neutral Maintained | 6 Jan 2025 |
Barclays Richard Hightower 22% 1-year accuracy 2 / 9 met price target | 19%upside $83 | Overweight Initiated | 17 Dec 2024 |
Scotiabank Nicholas Yulico 42% 1-year accuracy 15 / 36 met price target | 12%upside $78 | Sector Perform Maintained | 14 Nov 2024 |
RBC Capital Brad Heffern 46% 1-year accuracy 16 / 35 met price target | 13%upside $79 | Outperform Maintained | 1 Nov 2024 |
Financial journalist opinion
Based on 12 articles about EQR published over the past 30 days
Positive
Zacks Investment Research
7 hours ago
Is Holding Equity Residential Stock Still a Smart Move Now?
EQR benefits from robust renter demand and strategic portfolio repositioning efforts. Yet, increased supply and elevated interest expenses pose challenges.
Neutral
Seeking Alpha
1 day ago
The End Of An Era
U.S. equity and bond markets posted their best week since the November election, as benchmark interest rates tumbled after inflation data showed surprisingly muted pressures in December. Closing the books on the Biden era, the Trump Administration assumes the reins next week of a U.S. economy that has seemingly "held it together" through a myriad of headwinds. The worst four years of inflation and the first decline in "real" consumer incomes since the late 1970s paradoxically coincided with a robust period of job growth and historically low unemployment.
Positive
CNBC Television
5 days ago
California REITs see rating upgrades in the wake of fires
CNBC's Diana Olick reports on REIT performance post-California wildfires.
Neutral
Business Wire
6 days ago
Equity Residential Announces Fourth Quarter 2024 Earnings Release Date
CHICAGO--(BUSINESS WIRE)--Equity Residential (NYSE: EQR) today announced that the Company will release its fourth quarter 2024 operating results on Monday, February 3, 2025 after the close of market and host a conference call to discuss those results on Tuesday, February 4, 2025 at 10:00 am Central. The conference call will be available via web cast on the Investor section of www.equityapartments.com. About Equity Residential Equity Residential is committed to creating communities where people.
Positive
Seeking Alpha
6 days ago
If I Could Only Give You 3 Investments For 2025
Low valuation + catalyst = big profits. Some real estate companies have gotten really cheap recently. I present 3 of my largest holdings going into 2025.
Positive
Seeking Alpha
1 week ago
Why REIT Struggles Now Could Lead To Big Gains: Lessons From A Billionaire Investor
REITs are so cheap that they are getting the attention of billionaires. Legendary investor Barry Sternlicht is loading up on REITs. We discuss what he is buying and why.
Positive
Seeking Alpha
1 week ago
Buy 6 'Safer' Dividend Dogs Of 23 January Barron's Better Bets Than T-Bills
Seven of the ten lowest-priced BBB Dogs, including Altria, Pfizer, and Verizon, are ready to buy, with dividends from $1K invested exceeding single share prices. Analysts project 16.27% to 32.98% net gains by January 2026 for the top-ten BBB Dogs, with LyondellBasell leading at 32.98%. Six of the top ten BBB Dogs are ideally priced, with dividends from $1K invested exceeding single share prices, meeting the dogcatcher ideal.
Neutral
Seeking Alpha
2 weeks ago
Sector Spotlight: Multifamily REITs - They Survived Until 2025!
COVID-19 led to a migration to Sunbelt cities, causing a surge in apartment rents and subsequent overbuilding, which is now stabilizing. Multifamily REITs saw a decline in valuations but are now modestly valued with a P/AFFO multiple averaging 18.3x, higher than the broader REIT market. Despite suppressed rent growth and occupancy, strong job markets and reduced new supply suggest the potential for landlords to regain pricing power.
Positive
Seeking Alpha
2 weeks ago
Equity Residential: Gradual Apartment Recovery Is In Valuation
Equity Residential is rated as a "hold" due to fair valuation, with a secure and growing dividend, and potential for 8-9% long-term returns. EQR's focus on legacy markets like NYC and San Francisco has insulated it from increased Sun Belt apartment supply, aiding rent growth. Strong renewal activity and high occupancy rates are supported by housing unaffordability and high mortgage rates, benefiting rental demand.
Positive
Seeking Alpha
2 weeks ago
Equity Residential: Prime Locations And Dividend Power Are The Recipe For Success
Equity Residential is a solid pick for stability, income, and long-term growth, focusing on affluent renters in high-barrier-to-entry coastal markets. EQR has demonstrated resilient performance, with stable revenue and FFO growth, supported by favorable supply demand dynamics and a robust A-rated balance sheet. The 3.8% dividend yield is well-covered and attractive, with potential for long-term "sleep well at night" returns.
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