This evening we watched Equity Residential drop -1.1% to a price of $58.17 per share. The large-cap Specialty Real Estate Investment Trust company is now trading -9.0% below its average target price of $63.92. Analysts have set target prices ranging from $57.0 to $75.0 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 2.1%. The stock's short ratio is 2.57. 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 94.4%. In conclusion, we believe there is positive market sentiment regarding Equity Residential.
Institutions Invested in Equity Residential
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 15% | 57,395,793 | $3,338,713,173 |
| 2023-09-30 | Blackrock Inc. | 11% | 40,693,584 | $2,367,145,706 |
| 2022-12-31 | Norges Bank Investment Management | 8% | 30,886,593 | $1,796,673,058 |
| 2023-09-30 | State Street Corporation | 6% | 24,479,424 | $1,423,968,049 |
| 2023-09-30 | Price (T.Rowe) Associates Inc | 5% | 19,696,719 | $1,145,758,108 |
| 2023-09-30 | Apg Asset Management US Inc. | 3% | 11,526,535 | $670,498,519 |
| 2023-09-30 | First Eagle Investment Management, LLC | 2% | 8,808,327 | $512,380,365 |
| 2023-09-30 | Resolution Capital Ltd | 2% | 8,439,800 | $490,943,150 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 8,205,727 | $477,327,124 |
| 2023-09-30 | Macquarie Group Limited | 2% | 7,063,292 | $410,871,682 |
