Understanding the Potential Headwinds for Equity Residential Stock.

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
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.