Equity Residential
About: Equity Residential owns a portfolio of 311 apartment communities with around 84,000 units and is developing two additional properties with 655 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: 2,500
0
Funds holding %
of 7,139 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
86% more call options, than puts
Call options by funds: $45.9M | Put options by funds: $24.7M
27% more funds holding in top 10
Funds holding in top 10: 11 [Q3] → 14 (+3) [Q4]
11% more repeat investments, than reductions
Existing positions increased: 246 | Existing positions reduced: 221
9.11% more ownership
Funds ownership: 84.03% [Q3] → 93.14% (+9.11%) [Q4]
7% more capital invested
Capital invested by funds: $23.7B [Q3] → $25.3B (+$1.63B) [Q4]
6% more first-time investments, than exits
New positions opened: 72 | Existing positions closed: 68
3% less funds holding
Funds holding: 664 [Q3] → 641 (-23) [Q4]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$74
3%
upside
Avg. target
$77
7%
upside
High target
$79
10%
upside
5 analyst ratings
1 positive
20%
4 neutral
80%
0 negative
0%
Scotiabank Nicholas Yulico 51% 1-year accuracy 19 / 37 met price target | 10%upside $79 | Sector Perform Maintained | 14 Feb 2025 |
Evercore ISI Group Steve Sakwa 47% 1-year accuracy 24 / 51 met price target | 6%upside $76 | In-Line Maintained | 10 Feb 2025 |
Wells Fargo James Feldman 55% 1-year accuracy 11 / 20 met price target | 5%upside $75 | Equal-Weight Maintained | 24 Jan 2025 |
Barclays Richard Hightower 61% 1-year accuracy 11 / 18 met price target | 10%upside $79 | Overweight Maintained | 24 Jan 2025 |
Mizuho Vikram Malhorta 89% 1-year accuracy 16 / 18 met price target | 3%upside $74 | Neutral Maintained | 6 Jan 2025 |
Financial journalist opinion
Based on 13 articles about EQR published over the past 30 days
Neutral
Seeking Alpha
5 days ago
Inflation Isn't Dead Yet
US equity markets flirted with fresh record-highs this week while benchmark interest rates hovered around two-month lows as investors weighed positive earnings news against uncomfortable hot inflation data. Complicating the policy outlook for the Federal Reserve, CPI data showed the fastest monthly rise in consumer prices since August, prompting a pledge from Powell for "more work to do." Snapping a two-week losing streak, the S&P 500 rebounded by 1.5%, closing fractionally below its prior record-high set in late January. The tech-heavy Nasdaq 100 rallied nearly 3%.
Positive
Seeking Alpha
6 days ago
Buy 5 'Safer' Dividend Dogs Of 23 February Barron's Better Bets Than T-Bills
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 a Barron's 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.
Positive
Seeking Alpha
1 week ago
REITs Lead On Earnings Uplift
US equity markets posted a mixed performance this week, while benchmark interest rates rebounded from two-month lows, as investors saw grounds for Fed hawkishness across a critical slate of employment data. The U.S. economy added 143k jobs in January. Upward revisions to prior months and strong wage growth metrics indicated that labor markets remain "healthy" at minimum, and perhaps even "tight." Following a decline of 1% last week sparked by "DeepSeek" concerns, the S&P 500 retreated by 0.2%, relinquishing an early week rally. The Small-Cap and Mid-Cap indexes dipped 1%.
Positive
Seeking Alpha
2 weeks ago
Equity Residential: Still Pricey After Decent Earnings
Equity Residential focuses on premium apartment buildings in dynamic, high-income areas and growing, low-cost regions, benefiting from housing shortages and strong white-collar job markets. EQR reported solid Q4 2024 results, with an FFO of $1.00 per share and revenue of $766.78 million, surpassing analyst expectations. 2025 guidance indicates modest revenue growth of 2.25%-3.25% and higher expense growth, potentially shrinking margins; plans $1.5 billion in new property acquisitions.
Neutral
Seeking Alpha
2 weeks ago
Equity Residential (EQR) Q4 2024 Earnings Call Transcript
Equity Residential. (NYSE:EQR ) Q4 2024 Earnings Conference Call February 4, 2025 11:00 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 Robert Garechana - Chief Financial Officer Conference Call Participants Eric Wolfe - Citi Steve Sakwa - Evercore ISI John Pawlowski - Green Street Michael Goldsmith - UBS Anthony Paolone - JPMorgan James Feldman - Wells Fargo Julien Blouin - Goldman Sachs John Kim - BMO Capital Markets Haendel St. Juste - Mizuho Brad Heffern - RBC Jeffrey Spector - Bank of America Richard Hightower - Barclays Alexander Goldfarb - Piper Sandler Adam Kramer - Morgan Stanley Alex Kim - Zelman & Associates Linda Tsai - Jefferies Tayo Okusanya - Deutsche Bank Daniel Tricarico - Scotiabank Richard Anderson - Wedbush Operator Good day, and welcome to the Equity Residential Fourth Quarter 2024 Earnings Conference Call and Webcast.
Positive
Zacks Investment Research
2 weeks ago
Equity Residential Q4 FFO Meets Estimates, Rental Income Rises Y/Y
EQR's Q4 results reflect same-store revenue growth, supported by low unit supply aiding high occupancy.
Positive
Zacks Investment Research
2 weeks ago
Equity Residential (EQR) Reports Q4 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Equity Residential (EQR) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Positive
Zacks Investment Research
2 weeks ago
Equity Residential (EQR) Meets Q4 FFO Estimates
Equity Residential (EQR) came out with quarterly funds from operations (FFO) of $1 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $1 per share a year ago.
Positive
The Motley Fool
2 weeks ago
Equity Residential Beats Q4 Expectations
Equity Residential (EQR -0.43%), a leading player in the multifamily real estate sector, released its results for the fourth quarter on Feb. 3. Its earnings per share (EPS) of $1.10 beat the analysts' consensus of $0.41 by a wide margin.
Neutral
Business Wire
2 weeks ago
Equity Residential Reports Fourth Quarter 2024 Results
CHICAGO--(BUSINESS WIRE)--Equity Residential (NYSE: EQR) today reported results for the quarter and year ended December 31, 2024 and has posted a Q4 2024 Management Presentation to its website as referenced below. Fourth Quarter 2024 Results All per share results are reported as available to common shares/units on a diluted basis. Quarter Ended December 31, 2024 2023 $ Change % Change Earnings Per Share (EPS) $ 1.10 $ 0.82 .
Charts implemented using Lightweight Charts™