This afternoon we watched Equity Residential drop -1.3% to a price of $65.26 per share. The large-cap Specialty Real Estate Investment Trust company is now trading -8.92% below its average target price of $71.65. Analysts have set target prices ranging from $62.0 to $95.0 per share for Equity Residential, and have given the stock an average rating of hold.
Equity Residential's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.0%. The stock's short ratio is 3.08. The company's insiders own 1.71% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 92.6%. In conclusion, we believe there is positive market sentiment regarding Equity Residential.
Institutions Invested in Equity Residential
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-03-31 | Vanguard Group Inc | 15% | 58,020,630 | $3,786,426,437 |
| 2023-03-31 | Blackrock Inc. | 11% | 41,457,571 | $2,705,521,172 |
| 2022-12-31 | Norges Bank Investment Management | 8% | 30,886,593 | $2,015,659,125 |
| 2023-03-31 | State Street Corporation | 7% | 24,983,779 | $1,630,441,470 |
| 2023-03-31 | Price (T.Rowe) Associates Inc | 5% | 18,062,840 | $1,178,780,976 |
| 2023-03-31 | Apg Asset Management US Inc. | 3% | 11,698,246 | $763,427,558 |
| 2023-03-31 | First Eagle Investment Management, LLC | 2% | 8,776,668 | $572,765,372 |
| 2023-03-31 | Macquarie Group Limited | 2% | 7,912,891 | $516,395,283 |
| 2023-03-31 | Geode Capital Management, LLC | 2% | 7,839,640 | $511,614,923 |
| 2023-03-31 | Resolution Capital Ltd | 2% | 7,765,078 | $506,749,006 |
